After saying on his X social media platform that Tesla will spend greater than $500 million on Nvidia Corp. {hardware} this yr, Musk was requested if he would additionally purchase chips from AMD. “Sure,” the billionaire replied.
Nvidia is the present chief in so-called AI accelerators — processors suited to the data-intensive necessities of the expertise — however rivals like AMD are pushing into the market. AMD unveiled a lineup referred to as the MI300 final month that it mentioned will have the ability to run AI software program quicker than opponents can.
AMD shares briefly climbed greater than 1% after-hours Friday following the remarks. They’d been down earlier in prolonged buying and selling.
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Musk has mentioned that Tesla plans to speculate greater than $1 billion on an effort referred to as Undertaking Dojo by the tip of 2024. Dojo refers to an in-house supercomputer designed to deal with large quantities of knowledge, together with video from Tesla vehicles wanted to create autonomous-driving software program.
The technique is to make use of each Nvidia expertise and its homegrown efforts.
“We’re pursuing the twin path of Nvidia and Dojo,” Musk mentioned throughout Tesla’s earnings name on Wednesday. “However I might consider Dojo as an extended shot. It’s an extended shot value taking as a result of the payoff is doubtlessly very excessive.”
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