New Delhi [India], April 28 (ANI): Tesla CEO Elon Musk announced on Sunday that Tesla will spend about USD 10 billion this year on training and inference artificial intelligence (AI).
The Tesla CEO and SpaceX founder said in a post on ‘X’, “Tesla will spend around $10B this year in combined training and inference AI, the latter being primarily in car. Any company not spending at this level, and doing so efficiently, cannot compete”.
Musk’s tweet highlights the critical importance of this investment for Tesla’s competitiveness in the automotive industry. He also asserted that any company failing to match or exceed this level of investment in AI, while ensuring efficiency, will struggle to remain competitive.
The allocated funds will be utilised to advance AI capabilities of Tesla’s cars. The investment will have a primary focus on enhancing self-driving capabilities in cars and the Robotaxis.
The announcement by Musk will further improve the technological advancements in self-driving technology and AI integration within the automotive sector.
This significant investment signals a future with AI-powered autonomous driving. With Tesla’s substantial investment, the company aims to accelerate progress in AI-driven technologies, particularly in-car inference AI.
The announcement sets a high bar for competitors, signaling a new phase of intense competition in AI development within the automotive industry.
Last week Tesla had also reduced the prices of its U.S models. The company reduced prices of its Model Y, Model X and Model S vehicles by USD 2,000 each this week, days after the first-quarter deliveries of the automaker missed market expectations, reported Reuters.
The EV maker reported that in April month its global vehicle deliveries in the first quarter fell for the first time in nearly four years as price cuts failed to stir demand. (ANI)
24World Media does not take any responsibility of the information you see on this page. The content this page contains is from independent third-party content provider. If you have any concerns regarding the content, please free to write us here: contact@24worldmedia.com
5 Characteristics of Truth and Consequences in NM
How To Make Your Wedding More Accessible
Ensure Large-Format Printing Success With These Tips
4 Reasons To Consider an Artificial Lawn
The Importance of Industrial Bearings in Manufacturing
5 Tips for Getting Your First Product Out the Door
Most Popular Metal Alloys for Industrial Applications
5 Errors To Avoid in Your Pharmaceutical Clinical Trial
Ways You Can Make Your Mining Operation Cleaner
Tips for Starting a New Part of Your Life
Easy Ways To Beautify Your Home’s Exterior
Tips for Staying Competitive in the Manufacturing Industry