Elon Musk Says, 'Of the roughly $10B in AI-related expenditures I said Tesla would make this year, about half is internal, primarily the Tesla-designed AI inference computer and sensors present in all of our cars, plus Dojo. For building the AI training superclusters, NVidia hardware is about 2/3 of the cost. My current best guess for Nvidia purchases by Tesla are $3B to $4B this year.' In A Post On X
Portfolio Pulse from Benzinga Newsdesk
Elon Musk announced that Tesla will spend roughly $10 billion on AI-related expenditures this year, with about half of it being internal costs. He also mentioned that Tesla's purchases of Nvidia hardware for AI training superclusters will be between $3 billion to $4 billion.
June 04, 2024 | 6:17 pm
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Tesla plans to spend $3 billion to $4 billion on Nvidia hardware for AI training superclusters this year. This significant purchase underscores Nvidia's critical role in AI infrastructure.
The large-scale purchase of Nvidia hardware by Tesla highlights Nvidia's importance in AI infrastructure, likely boosting its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Tesla will spend approximately $10 billion on AI-related expenditures this year, with half of it being internal costs. This significant investment highlights Tesla's commitment to AI and could drive future growth.
Tesla's substantial investment in AI indicates a strong focus on future growth and innovation, which is likely to positively impact its stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100