Elon Musk confirmed diverting Nvidia AI chips from Tesla to his ventures, X Corp. and xAI Corp., citing limited usage at Tesla. Internal Nvidia emails revealed discrepancies in Musk’s statements on chip usage. Musk estimated Tesla’s AI spending at $3-4 billion, with half being internal investments. Tesla’s stock dipped post-reports. Scrutiny increased on Musk’s AI ambitions post his demands for greater control at Tesla. Despite Tesla’s layoffs and focus on self-driving tech, it hasn’t materialized a fully operational autonomous taxi service. Musk’s X and xAI ventures are integral to his AI plans, with xAI recently securing $6 billion in funding.
Musk Redirects AI Chips from Tesla to X Corp. and xAI Corp., Prompting Scrutiny
![](https://affairsace-media.s3.ap-south-1.amazonaws.com/2024/06/06140406/1714298049-5662-ezgif.com-webp-to-jpg-converter.jpg)