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KGI Securities Analyst Jennifer Liang believes that Tesla is an AI company
Tesla's AI team recently announced on Twitter the progress of Tesla's custom supercomputer platform Dojo, indicating that the computer will go into production in July 2023 and that Dojo is expected to be one of the world's five most advanced supercomputers by early 2024. Dojo, a supercomputer dedicated to AI machine learning, uses Tesla-designed chips and the entire infrastructure, as well as video data from the Tesla fleet, to train the neural network that is critical to supporting Tesla's machine vision technology for autonomous driving.
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Wood believes that Tesla's AI technology will be essential for the development of autonomous vehicles. She estimates that the autonomous Robotaxi market could be worth up to $10 trillion by 2030, and she believes that Tesla is well-positioned to capture a significant share of that market.
To support her thesis, Wood points to Tesla's recent announcement that it plans to increase its supercomputer's computing capacity by 20 times by 2024. This will allow Tesla to train its AI models on a much larger dataset, which will make its autonomous vehicles more capable.
Wood is not the only investor who is bullish on Tesla's AI future. KGI Securities Analyst Jennifer Liang also believes that Tesla is an AI company. In a recent note to investors, Liang said that Tesla's AI technology is "light years ahead" of the competition.
Ark Invest's confidence in Tesla's AI potential is reflected in its substantial stock ownership. The Ark Innovation ETF alone holds over 3.5 million Tesla shares valued at more than $860 million.
To support her thesis, Wood points to Tesla's recent announcement that it plans to increase its supercomputer's computing capacity by 20 times by 2024. This will allow Tesla to train its AI models on a much larger dataset, which will make its autonomous vehicles more capable.
Wood is not the only investor who is bullish on Tesla's AI future. KGI Securities Analyst Jennifer Liang also believes that Tesla is an AI company. In a recent note to investors, Liang said that Tesla's AI technology is "light years ahead" of the competition.
Ark Invest's confidence in Tesla's AI potential is reflected in its substantial stock ownership. The Ark Innovation ETF alone holds over 3.5 million Tesla shares valued at more than $860 million.
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