The EV company's $300 million computing cluster will develop self-driving car technology and shows how the artificial intelligence ecosystem is developing.
Nvidia is the stock market’s AI darling, but Tesla CEO Elon Musk wants to steal some of its shine, showing investors his car company is an AI investment, too.
“Tesla is significantly enhancing its computing capabilities to train its full self-driving technology faster,” added Schafer in his report. “Tesla plans to spend over $2 billion on AI training in 2023 and another $2 billion in 2024.” The new AI cluster is teaching the software, helping to accelerate development. The use of artificial intelligence is why Musk has also said Tesla is an AI leader, adding that developing self-driving cars is far harder than developing a ChatGPT-like AI.
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