Tesla Shares Increase Following AI Chip Development Update
- Tesla shares rose 2.2% in premarket trading following positive analyst sentiment.
- Elon Musk revealed Tesla’s advanced stage in AI hardware, having designed and deployed millions of custom AI chips.
- The company has been operating an in-house AI chip and board design team for years, integrating these chips into cars and data centers.
- Current iterations include AI4 in vehicles, with AI5 nearly ready to tape out and AI6 in early development.
- Tesla aims to release a new high-volume chip annually, potentially surpassing all other AI chip units combined.
Tesla’s shares increased by 2.2% after Elon Musk highlighted the company’s progress in developing custom AI chips, which are already widely deployed across its vehicles and data centers. The company is rapidly advancing its technology, aiming for significant production volumes annually.
Source (3.2)https://cryptobriefing.com/tesla-shares-rise-on-autonomous-driving-optimism/?rand=59535
