Elon Musk Announces $10 Billion Investment In AI To Enhance Self-Driving Technology

Tesla CEO Elon Musk, has announced a significant investment of $ 10 billion in advancing artificial intelligence (AI) capabilities for Tesla cars which will also work in conjunction with its self-driving aka Autopilot feature. The focus of this investment will be on enhancing AI features within Tesla's vehicles, particularly in self-driving technology and the development of robotaxis, as stated in a recent report by a news agency.

Yesterday Elon Musk also shared this information via a post on microblogging platform X (formerly Twitter) where he stated, “Tesla will spend around $10B this year in combined training and inference AI, the latter being primarily in car. Any company not spending at this level, and doing so efficiently, cannot compete”.

This not the only post he has shared online regarding the company’s commitment and investment towards the development of AI, earlier this month he posted something similar hunting at the company undertaking a significant investment towards the development of AI tech. The post stated, “Pretty much. It has been staggeringly difficult to make generalized self-driving work, requiring all that you describe above and more. The investment in training compute, gigantic data pipelines and vast video storage will be well over $10B cumulatively this year. But that is nothing compared to the ~quarter trillion dollars in cars on the road with Tesla-designed AI inference computers being trained by their drivers”.

This announcement follows Musk’s recent visit to China and price cut of Tesla models in the US and markets around the globe. Elon Musk is someone who strongly stares in the face of adversities and despite market challenges, Tesla remains committed to technological innovation. The significant investment in AI development reaffirms the dedication of Tesla and Elon Musk towards shaping the future of mobility through its autonomous driving technology.

(With inputs from ANI)