Tesla Invests $10 Billion in AI for 2024, Says Musk

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Elon Musk, CEO of Tesla, revealed a game-changing $10 billion investment in AI this year. The funding will primarily go towards refining AI for self-driving technology and robotaxis. In his recent post on “X,” Musk emphasized the necessity of such a substantial investment to stay competitive in the auto industry. He warned that companies failing to match this level of commitment may struggle to keep pace with leaders like Tesla.

Elon Musk, CEO of Tesla, revealed a substantial $10 billion allocation for artificial intelligence (AI) development within the company this year. This investment will primarily target training and inference AI, with a strong emphasis on advancing self-driving capabilities and robotaxi services.

Musk, the founder of SpaceX, highlighted the importance of this investment on his platform ‘X’. He stressed that such a substantial financial involvement is necessary for any company aiming to stay competitive in the automobile sector. In Musk’s opinion, businesses failing to invest at this level risk falling behind industry pioneers like Tesla.

From another perspective, Cathie Wood, the CEO, refers to Tesla as the biggest artificial intelligence (AI) endeavor globally, spearheaded by Elon Musk. Her forecast indicates that Tesla’s progress in creating autonomous taxi platforms could dominate the AI market, potentially generating revenues ranging from $8 to $10 trillion by 2030.

Self-driving car technology and AI integration in the automobile sector are poised to make significant strides forward with this development, marking a new benchmark in competitive AI innovation within the autonomous vehicle tech industry.

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2024-04-29 10:44