Tesla CEO Elon Musk Highlights EV Giant's AI Chip Progress

Benzinga

Tesla shares rose after Musk detailed the company’s extensive AI chip program, revealing millions of custom chips deployed in cars and data centers and upcoming AI5 and AI6 designs. Analysts said Tesla’s self-driving progress is accelerating and that advanced chip design could lift valuations similar to Nvidia and Alphabet. Musk added the chips will support safer driving and future medical uses via the Optimus robot.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Tesla shares jumped after Musk highlighted the company's long-running AI chip engineering program,

00:07according to Barron's. He said Tesla's design and deployed several million AI chips across

00:12its vehicles and data centers, which power its real-world AI capabilities. Tesla's nearing

00:16completion of its AI-5 chip has begun to work on its AI-6 chip and aims to release new designs

00:22annually. Elliott's research said Tesla's self-driving progress is accelerating and

00:27encouraged investors to test the latest full self-driving or a robo-taxi. Analysts noted

00:32that chip design can drive large valuations, citing NVIDIA and Alphabet. Musk said the chips

00:37will support safer driving and future medical applications through the Optimus robot.

00:41Stock rose 6.8% to $417.78 in Monday's trading. For all things money, visit Benzinga.com.

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