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 know-how — however rivals like AMD are pushing into the market. AMD unveiled a lineup referred to as the MI300 final month that it stated will be capable to run AI software program sooner than rivals 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 stated that Tesla plans to take a position greater than $1 billion on an effort referred to as Challenge Dojo by the top of 2024. Dojo refers to an in-house supercomputer designed to deal with huge 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 know-how and its homegrown efforts.
“We’re pursuing the twin path of Nvidia and Dojo,” Musk stated throughout Tesla’s earnings name on Wednesday. “However I’d consider Dojo as an extended shot. It’s an extended shot price taking as a result of the payoff is doubtlessly very excessive.”
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