Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
Elon Musk, CEO of Tesla Inc., announced plans to buy chips from Advanced Micro Devices Inc. (AMD) as part of Tesla's substantial investment in computing hardware to handle artificial intelligence (AI). This statement comes after Musk revealed that Tesla intends to spend over $500 million on Nvidia Corp. hardware this year.
When asked if Tesla would also acquire chips from AMD, Musk confirmed with a "yes." While Nvidia currently leads in AI accelerators, AMD and other competitors are making strides in the market. AMD recently introduced the MI300 lineup, claiming it can run AI software faster than its competitors.
Tesla's AI hardware investments are part of the larger initiative known as Project Dojo, for which Musk mentioned a planned investment of over $1 billion by the end of 2024. Project Dojo involves the development of an in-house supercomputer designed to handle vast amounts of data, including video data from Tesla cars crucial for autonomous driving software.
Musk emphasised that Tesla is pursuing a dual path involving both Nvidia technology and its in-house efforts with Dojo. While acknowledging Dojo as a "long shot," Musk expressed confidence in its potential high payoff, stating, "It's a long shot worth taking because the payoff is potentially very high."
Also Read : IOC reports immpressive Q3 profit of ₹8,063 crore JSW Group-MG Motor venture aims to sell 1Mn EVs in India by 2030
China's dominance in global electric vehicle manufacturing and sales is well recognised, but a recen...
Automobiles 23-Apr-2024
Hindalco Industries, an Aditya Birla Group company, net profit increased in Q4 18% YoY to ₹2,852 cro...
Large Corporate 24-May-2024
Copper prices surged to the highest in nearly two years in China and hit a seven-month peak in Londo...
Non-Ferrous 13-Mar-2024
SAIL reduces total debt by $87 million in FY 2024-25.Emphasis on financial prude...
Business 06-Jun-2025
India may become a net exporter of the red metal, most likely from the next fiscal, with the ₹8,373-...
Non-Ferrous 14-Mar-2024
It has warned that China's new strategy of routing cheap steel imports through Southeast Asian count...
Business 05-Aug-2024