Elon Musk’s Tesla to Spend $10 Billion on AI Training This Year

As a crypto investor with a keen interest in AI and tech companies, I’m thrilled by Elon Musk’s recent announcement regarding Tesla’s massive investment into AI training. The potential collaboration between xAI and Tesla has the community buzzing, and I believe this partnership could lead to groundbreaking advancements in the field.


As a crypto investor, I’m always on the lookout for exciting developments in the tech world, and Elon Musk, the visionary entrepreneur and CEO of Tesla, has recently made an intriguing announcement about AI that has really piqued my interest. The community is buzzing with speculation about potential integrations with xAI and Grok AI chatbot. I can’t wait to see how these advancements will shape the future of AI technology.

$10 billion for AI training from Tesla

Elon Musk has been increasingly dedicating his resources, both time and finances, to the field of artificial intelligence (AI) in recent times. He established xAI as a rival contender to OpenAI. The conversational AI innovation, Grok, is an output of this new venture and has already been seamlessly incorporated into the X social media platform, previously known as Twitter. X has since acquired a substantial stake in xAI.

After Elon Musk revealed Tesla’s plan to inject $10 billion into AI development through xAI, several commentators have been speculating about potential collaborations between the two entities. Possible scenarios include Tesla purchasing a significant stake in xAI or deepening its relationship with Grok, the company behind xAI.

As a strategic analyst, I would emphasize that any tech company failing to invest heavily in AI trading – to the tune of $10 billion within a year – or failing to do so effectively, risks falling behind competitors in this rapidly evolving market.

As a researcher following Elon Musk’s announcements, I’m excited about Tesla’s commitment to invest over $10B on AI training and inference this year. I strongly believe that any company failing to match this investment level, while ensuring efficiency, will find it challenging to keep pace in the rapidly evolving tech landscape. I’m particularly looking forward to potential collaborations between Tesla and innovative AI companies like xAI and Grok.

— Rowan Cheung (@rowancheung) April 29, 2024

During the initial quarter, Tesla has expended over a billion dollars and increased its computational power twofold for this project.

Stephen King bashes Elon Musk on X rebranding

Renowned horror author Stephen King, an active user on Twitter for some time, has reacted to Elon Musk’s recent post proposing a change of Twitter’s name to X.

Musk posed the question: “Honestly, is the name ‘X’ preferable to Twitter for you? Yes or No.” His response was simply: “Twitter.” In simpler terms, Musk asked if ‘X’ was preferred over Twitter, and King answered in the negative, choosing Twitter instead.

Twitter.
Twitter. Twitter.
Twitter. Twitter. Twitter.
Twitter. Twitter. Twitter. Twitter.
Et. Etera

— Stephen King (@StephenKing) April 28, 2024

Stephen King has been vocal and critical of Elon Musk’s takeover of Twitter and its transformation into the “everything app” X, complete with monthly fees for multi-colored verification badges. As a respected X user, Stephen King previously obtained his blue badge without charge. However, it is Musk who now bears the cost from his own funds.

More recently, X has started granting free blue checks and bestowing premium benefits to users who have amassed a substantial following.

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2024-04-29 15:22