"Tesla Builds A New Home For 'Dojo' Supercomputer As AI Ambitions Rise" - The Information
Portfolio Pulse from Benzinga Newsdesk
Tesla is constructing a new facility in Austin, Texas, to house part of its new supercomputer, Dojo. The supercomputer will run the AI software for Tesla's self-driving vehicles. CEO Elon Musk has suggested that Tesla could eventually use Dojo to sell cloud services to other companies, similar to Amazon Web Services.
October 10, 2023 | 1:11 pm
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POSITIVE IMPACT
Tesla's new supercomputer, Dojo, could enhance the company's self-driving capabilities and potentially open a new revenue stream through cloud services. This could positively impact Tesla's stock in the short term.
The construction of a new facility for the Dojo supercomputer indicates Tesla's commitment to improving its self-driving technology. Additionally, the potential for Dojo to be used for cloud services could diversify Tesla's revenue sources, which could be viewed positively by investors.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100