Tesla plans to spend $3-4B on Nvidia AI hardware this year, with half of its $10B AI capital expenditure internal.
Tesla is expected to spend between $3 billion and $4 billion on Nvidia hardware this year, according to CEO Elon Musk. He also mentioned that out of the $10 billion in AI-related capital expenditure this year, around half will be internal spend. Tesla has reportedly asked Nvidia to prioritize shipments of AI processors for Tesla's X and xAI businesses over electric vehicle production.
June 04, 2024
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