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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Elon Musk said Tesla's TerraFab project to manufacture artificial intelligence chips
00:07will launch in seven days, according to Reuters.
00:10Tesla is developing its fifth-generation AI chip to support its autonomous ambitions
00:15and full self-driving software.
00:17Musk said last year that projected chip supply from partners would not meet Tesla's needs.
00:21He said Tesla may need to build its own large-scale chip manufacturing facility
00:26to reach the required production volume.
00:28Musk also said Tesla had discussed potential cooperation with Intel
00:32but had not signed any agreement.
00:34Tesla is also partnering with Taiwan's TSNC and South Korea's Samsung for AI chip production.
00:40For all things money, visit Benzinga.com.
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