Musk Considers Tesla-Intel Collaboration
Elon Musk, CEO of Tesla, revealed that the company might need to build a huge chip fabrication plant to produce artificial intelligence (AI) chips. During Tesla’s annual meeting, he suggested the possibility of working with Intel on this project, although no agreement has been signed yet.
“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.”
Context of Tesla’s AI Chip Development
Tesla is currently developing its fifth-generation AI chip, designed to support the company's autonomous driving ambitions. These chips power Tesla’s Full Self-Driving software and other autonomous systems. The company is already collaborating with Taiwan’s TSMC and South Korea’s Samsung for chip production.
Intel’s Role and Market Position
- Intel possesses chip fabrication facilities but trails behind Nvidia in AI chip development.
- The U.S. government recently acquired a 10% stake in Intel.
- Intel is seeking external customers for its latest manufacturing technology.
- Following Musk’s remarks, Intel’s shares rose by 4%.
Musk’s Pay Package Approved by Shareholders
Musk secured shareholder approval for a $1 trillion pay package over the next ten years, reflecting their support for his vision to transform Tesla into a leading AI and robotics company.
Tesla shareholders backed his $1tn pay packet, endorsing his vision of morphing the EV maker into an AI and robotics juggernaut.
Previous AI Chip Collaborations
Tesla is on its fourth-generation AI chip and has previously hinted at the AI5 chip’s development, partnering with TSMC and Samsung to power its autonomy systems.
Summary: Elon Musk is exploring a Tesla-Intel partnership as Tesla advances its AI chip production to boost autonomous driving, while shareholders support his expansive vision with a historic pay deal.