Elon Musk says any company that isn't spending $10 billion on AI this year like Tesla won't be able to compete [Yahoo! Finance]
Tesla, Inc. (TSLA)
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Source: Yahoo! Finance
At a juncture in time when Tesla's CEO is cutting back on investments into new vehicle capacity, he is spending $10 billion this year alone to bulk up on AI training and inference, and position Tesla at the forefront of the industry for real life applications outside of generative AI. “Any company not spending at this level, and doing so efficiently, cannot compete,” he posted on X Sunday. Spending on AI inference would primarily be targeted at his range of cars, a possible indication that he is preparing the ground for the next generation of his custom-designed Full Self-Driving (FSD) computer known as HW5. The distinction between training and inference is important since close observers will know Musk is currently working on another major AI project, his humanoid robot dubbed Optimus after the 1980s cartoon vehicle that transformed into a sentient robot. This bold and risky pivot toward AI—and by implication away from his previous focus on a tenfold increase in car sales to
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News
- China's Nio aims to launch one new car model per year under Onvo brand [Yahoo! Finance]Yahoo! Finance
- Elon Musk fired nearly all of Tesla's Supercharger team after argument with top executive [Yahoo! Finance]Yahoo! Finance
- Current Earnings Outlook Reflects Positivity [Yahoo! Finance]Yahoo! Finance
- Tesla must face vehicle owners' lawsuit over self-driving claims [Yahoo! Finance Canada]Yahoo! Finance Canada
- Tesla must face vehicle owners' lawsuit over self-driving claims [Yahoo! Finance]Yahoo! Finance
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- 5/13/24 - Form PX14A6G
- 5/10/24 - Form DEFA14A
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