As a researcher with a background in technology and business, I find the recent reports regarding Elon Musk’s alleged diversion of Nvidia AI chips from Tesla to his other companies, xAI and X, intriguing. Based on the available information, it seems that Musk may have prioritized these projects over Tesla, which has raised questions about the automobile company’s edge in AI technology and its financial implications.
In a surprising turn of events, it has been revealed that Elon Musk has ordered Nvidia, the leading GPU manufacturer, to supply AI chips to his companies xAI and X before Tesla. This move raises the intriguing question: Is Tesla falling behind in the technological race? Or is this a shrewd business maneuver in response to the escalating need for advanced AI solutions?
XAI, the AI company founded by Elon Musk, and X, previously recognized as Twitter, the social media champion advocating for free speech, have gained access to reallocated AI chip resources. This shift in resources has generated significant buzz and curiosity within the industry, emphasizing the importance of this choice.
A Closer Look Into The Report
As an analyst, based on CNBC’s report, it appears that an email from a senior staff member at Nvidia indicates Elon Musk may have exaggerated Tesla’s chip procurement to shareholders. Additionally, emails from Nvidia staff revealed that Musk redirected a substantial portion of AI processors intended for Tesla towards X, the platform housing his company xAI and its generative AI chatbot Grok.
As a researcher examining Tesla’s investments, I discovered an intriguing discrepancy in Elon Musk’s April post on X. In that post, Musk mentioned that Tesla would allocate approximately $10 billion this year towards artificial intelligence (AI), with a significant portion going towards inference AI specifically for use in cars. However, recent findings suggest that the company may be diverting resources away from this stated plan.
In the early market trading, Tesla Inc.’s (TSLA) common stock experienced a decrease of 0.84%. This dip has attracted the attention of investors due to the recent mistake committed by the automobile company. The share price was priced at $174.81.
Musk’s Past Resource Diversion Chronicles
A December memo from Nvidia revealed that Musk reportedly gave priority to project X over Tesla by diverting 12,000 shipped H100 GPUs towards X instead of Tesla. In return, the initial orders of 12,000 H100 GPUs for January and June, destined for X, were reassigned to Tesla.
As aanalyst, I’ve noticed that Musk’s intentions regarding artificial intelligence (AI) development at the various companies he helms have been clouded in mystery with the recent emergence of these chronicles.
Nvidia and Musk have not made an official announcement about the issue yet, but the article highlights the importance of continued advancements in artificial intelligence.
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2024-06-04 17:46