Musk Says Tesla to Spend Over $1 Billion on Dojo Supercomputer
Elon Musk revealed his conviction to create the autonomous driving software (also known as FSD) and turn Tesla into an artificial intelligence company. Tesla once wrote in shareholder documents that it focuses on “being at the forefront of artificial intelligence development”.
Quote:
Tesla Inc. is sparing no expense to become a player in supercomputing, with Elon Musk saying the electric carmaker plans to invest more than $1 billion on its so-called Project Dojo by the end of 2024.
Chief Executive Officer Musk told investors Wednesday the in-house supercomputer is being designed to handle massive amounts of data, including video from Tesla cars, needed to create autonomous driving software.
Zachary Kirkhorn, Tesla’s chief financial officer, was quick to clarify on the call the investment is split between R&D and capital expenditures — and is in line with a previously-stated three-year expense outlook.
Musk said Tesla has a “staggering amount” of video at its disposal, thanks to its customers’ use of camera-based driver assistance software called Autopilot and a related feature known as “Full Self Driving Beta” that has racked up more than 300 million miles of data. The company said in its latest earnings release that it had begun production of its “Dojo training computer.”
Chief Executive Officer Musk told investors Wednesday the in-house supercomputer is being designed to handle massive amounts of data, including video from Tesla cars, needed to create autonomous driving software.
Zachary Kirkhorn, Tesla’s chief financial officer, was quick to clarify on the call the investment is split between R&D and capital expenditures — and is in line with a previously-stated three-year expense outlook.
Musk said Tesla has a “staggering amount” of video at its disposal, thanks to its customers’ use of camera-based driver assistance software called Autopilot and a related feature known as “Full Self Driving Beta” that has racked up more than 300 million miles of data. The company said in its latest earnings release that it had begun production of its “Dojo training computer.”
Source:
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youreatowel : I have been woken
MonkeyGee : won't it be easier to just buy XPENG?
Jeou : in
ZnWC OP MonkeyGee : In Q1 2023, XPeng had a net loss of RMB 2.34 billion (USD 0.32 billion), Tesla had a net profit of USD 2.51 billion. In Q2 2023, Tesla net profit increases to USD 2.70 billion.
Should I invest in Xpeng?
MonkeyGee ZnWC OP : I would buy xpeng for the NGP technology
ZnWC OP MonkeyGee : Xpeng's NGP (Navigation Guided Pilot) technology uses LiDAR radar sensor and HD map which is costly. Tesla dropped LiDAR sensor few years ago.
Link:
Why Doesn’t Tesla Use LiDAR? – ProVsCons