Musk Considers Tesla-Intel Collaboration for AI Chips
Elon Musk, CEO of Tesla, revealed that the company may need to construct a large chip fabrication plant to produce artificial intelligence (AI) chips. He also publicly suggested a potential partnership with Intel during Tesla's annual shareholders meeting.
Potential Tesla and Intel Partnership
Addressing shareholders, Musk said:
“You know, maybe we’ll, we’ll do something with Intel. We haven’t signed any deal, but it’s probably worth having discussions with Intel.”
This sparked a 4% increase in Intel's stock, as the company possesses existing chipmaking facilities but trails behind Nvidia in AI chip development. The U.S. government recently acquired a 10% stake in Intel, boosting its need to secure external customers for its advanced manufacturing technology.
Tesla’s AI Chip Development
Tesla is currently working on its fifth-generation AI chip, intended to advance the automaker’s autonomous driving capabilities and support its Full Self-Driving software. Musk confirmed ongoing collaboration with Taiwan’s TSMC and South Korean firm Samsung for chip manufacturing.
Shareholder Approval of Musk’s $1 Trillion Pay Package
During the meeting, shareholders approved Musk’s ambitious $1 trillion compensation package spanning the next decade, endorsing his vision to transform Tesla into a leader in AI and robotics.
Tesla shares approved a $1 trillion pay package, highlighting confidence in Musk’s AI and robotics growth plans.
Musk’s push for AI chip innovation marks a strategic step in Tesla’s efforts to enhance vehicle autonomy and expand its technological footprint.
Author’s Summary: Elon Musk proposes building a massive AI chip fab and exploring a partnership with Intel, while shareholders strongly back his $1 trillion plan to drive Tesla’s AI and autonomous future.