Tesla CEO Elon Musk Reiterates Continued Dependence On Both Nvidia And Dojo For AI Processing
Portfolio Pulse from Anan Ashraf
Tesla CEO Elon Musk has reiterated the company's continued reliance on Nvidia and its own AI supercomputer platform, Dojo, for AI processing. Musk clarified that Tesla will use both Nvidia and Dojo to process data from its growing fleet of vehicles. However, Tesla will also be spending over $1 billion on Dojo over the next year. Nvidia recently reported Q2 revenue that exceeded expectations, thanks to the AI boom.
August 29, 2023 | 3:30 am
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POSITIVE IMPACT
Nvidia's partnership with Tesla and its strong Q2 performance could boost its stock price.
Nvidia's continued partnership with Tesla and its strong Q2 performance, driven by the AI boom, could increase investor confidence and drive up its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Tesla's continued reliance on Nvidia and Dojo for AI processing could enhance its technological capabilities and competitive edge.
Tesla's investment in AI processing through Nvidia and Dojo could enhance its self-driving capabilities, potentially leading to increased sales and market share.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100