Musk has stated that Tesla has no room to store and activate the Nvidia processors, and that a planned expansion of its Texas Giga factory is nearly complete. He also revealed plans to spend $10 billion on AI this year to advance the development of full self-driving (FSD) software and robotics. Meanwhile, Musk's AI development pursuits at X and xAI, including chatbot Grok, continue, with xAI recently raising $6 billion in funding.
Key takeaways:
- Elon Musk has asked Nvidia to prioritize shipments of AI processors to his companies X and xAI over Tesla, indicating a shift in focus towards AI-related development.
- An internal Nvidia memo revealed that this decision would delay Tesla's receipt of over $500 million in processors by several months.
- Musk's company xAI, launched in 2023 to challenge OpenAI, recently raised $6 billion in funding.
- Tesla shareholders are set to vote on June 13 on a pay package for Musk, which is considered to be the largest for a CEO in corporate America.