Elon Musk-owned Tesla is planning to invest a whopping 10 billion dollars in the development of AI.
Musk is not going to spend these funds on just basic AI.
He’s planning to go into a full competitive mode and feels that no other company can reach this level.
AI is like that one social media reel that everyone is trying to make. All the major tech companies in the world have their eyes set on this one target. From Microsoft, X (formerly Twitter), Google, and now even Apple, everyone is trying to ace the AI game. They are all investing their bucks in order to improve the AI game. Now Elon Musk-owned Tesla is planning to invest a whopping 10 billion dollars in the development of AI. Read for details.
Also read: Elon Musk’s xAI Grok chatbot is now open source, takes a dig at OpenAI’s ChatGPT
Elon Musk promised a $1 billion investment in AI for Tesla
Tesla will spend around $10B this year in combined training and inference AI, the latter being primarily in car.
— Elon Musk (@elonmusk) April 28, 2024
Any company not spending at this level, and doing so efficiently, cannot compete.
CEO Elon Musk has some big plans and for that, he’s ready to invest the money too. He took to X to share his thoughts, he said, “Tesla will spend around $10B this year in combined training and inference AI, the latter being primarily in car. Any company not spending at this level, and doing so efficiently, cannot compete”.
Now Musk is he’s not going to spend these funds on just basic AI. This investment is being made keeping in mind Tesla. He’s planning to go into a full competitive mode and feels that no other company can reach this level if they do not spend as much as he is.
With the investment, Musk and his team will be working on improving self-driving capabilities in their cars along with robotaxis. This investment will lead to a greater integration of AI within the automotive sector, something which is still brand new.
AI-driven cars could be the next big thing as major tech players, like Elon Musk, are focusing on that space. In the future, it will also drive more competition in that space. What do you think, will we have driverless self-driving cars in the future? Or is it just not practical?
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Mustafa Khan
Mustafa is new on the block and is a tech geek who is currently working with Digit as a News Writer. He tests the new gadgets that come on board and writes for the news desk. He has found his way with words and you can count on him when in need of tech advice. No judgement. He is based out of Delhi, he’s your person for good photos, good food recommendations, and to know about anything GenZ. View Full Profile
