Musk has previously described Tesla as an AI and robotics company, rather than a car manufacturer. He also revealed plans to spend over $1 billion to construct a "Dojo" supercomputer. However, he has expressed concerns about expanding Tesla's AI capabilities without having more control over the company. Musk also owns xAI, an AI company he started last year to compete with OpenAI.
Key takeaways:
- Elon Musk has compared the AI arms race to a high stakes game of poker, stating that companies need to spend billions on AI hardware to stay competitive. He revealed that Tesla plans to spend over $500 million on Nvidia AI chips in 2024.
- Musk also mentioned that Tesla will purchase chips from both Nvidia and its rival AMD. He has previously stated that Tesla is more of an AI and robotics company than a carmaker.
- Large tech companies are currently scrambling to acquire as many Nvidia H100 GPUs as possible, which are crucial for building and training large language models that power chatbots like ChatGPT.
- Musk also owns xAI, an AI company that he started as a rival to OpenAI. xAI released its own chatbot, Grok, last November and has reportedly been raising funding to be valued at $20 billion, although Musk has denied this.