Tesla's Enhanced AI Potential
【Summary】Tesla has unveiled a new $300 million supercomputer for its AI computing needs, which is expected to be used for Tesla's Full Self-Driving (FSD) beta. The supercomputer is said to be more powerful than the world's third highest-performing supercomputer and will utilize Nvidia hardware. Tesla plans to invest over $2 billion in AI training in 2023 and 2024.
Tesla recently unveiled a new artificial intelligence computing cluster, which is expected to make the automaker a strong player in the AI industry. The $300 million supercomputer will utilize Nvidia hardware, despite the fact that Tesla and Nvidia are competitors in the stock market.
According to Oppenheimer analyst Rick Schafer, the AI computing cluster will be used for Tesla's Full Self-Driving (FSD) beta in the future. Schafer described the supercomputer as more powerful than the world's third highest-performing supercomputer and stated that it will be equipped with 10,000 Nvidia H100 GPUs for enhanced performance. He also mentioned that Tesla plans to invest over $2 billion in AI training in both 2023 and 2024.
Tesla's FSD beta and Autopilot systems rely on driver data to train the AI for autonomous driving. CEO Elon Musk has repeatedly praised these systems and expects self-driving vehicles to generate significant software revenue in the future. With all Tesla vehicles equipped with FSD capabilities, the company envisions a future where a robotaxi service can be activated to create ongoing software revenue.
Currently, Tesla's FSD is still in beta mode and requires drivers to remain attentive and ready to take control of the vehicle. Level 3 automation would allow for brief periods of inattention, while Level 4 and 5 represent fully self-driving capabilities. Musk recently live-streamed himself using the latest version of the FSD beta, showcasing its capabilities and highlighting the potential for AI to safely pilot cars.
Following the news of the computing cluster, Tesla's shares saw a significant increase in value during Tuesday trading hours, reaching $253.58 (+$14.76), a 6.18 percent increase since the market opened.
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