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00:02SpaceX and Tesla will build two advanced chip factories at a facility in Austin,
00:07Texas, to support vehicles, humanoid robots, and AI systems, Elon Musk said Sunday.
00:13Musk's comments followed his announcement of plans to build TerraFab, an advanced AI chip
00:18complex in Austin, according to Reuters. He said one chip will power Tesla vehicles
00:22and Optimus robots, while the other will support AI satellites in space.
00:27Musk said current global chip production would meet only a small fraction of future demand.
00:32He did not provide a timeline and acknowledged past projects have faced delays.
00:36He said TerraFab could produce one terawatt of computing capacity annually,
00:40compared with about half a terawatt currently generated across the United States.
00:44For all things money, visit Benzinga.com.
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