CEO Elon Musk announced the funding during a conference call with analysts Wednesday. The plan, coined “Project Dojo,” aims to build an in-house supercomputer to handle data like video from its cars to create autonomous driving software. Tesla shares closed down nearly 10 per cent Thursday. (Bloomberg, The Logic)
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CEO Elon Musk announced the funding during a conference call with analysts Wednesday. The plan, coined “Project Dojo,” aims to build an in-house supercomputer to handle data like video from its cars to create autonomous driving software. Tesla shares closed down nearly 10 per cent Thursday. (Bloomberg, The Logic)
Talking point: Tesla CFO Zachary Kirkhorn clarified the money will be split between research and development, and capital expenditures. It is in line with a previously disclosed three-year expense outlook. Musk said the company’s success in artificial-intelligence opportunities comes down to unique data, computing resources and talent. “We have outstanding capabilities in all three arenas,” he said. Musk also said the company is “very open” to licensing its full-self-driving software and hardware to other car companies and is in early discussions with a major original equipment manufacturer.
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