{"id":316580,"date":"2024-06-04T20:19:18","date_gmt":"2024-06-04T14:49:18","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=316580"},"modified":"2024-06-04T20:19:18","modified_gmt":"2024-06-04T14:49:18","slug":"elon-musk-diverts-ai-chip-resources-to-xai-x-ahead-of-tesla-report-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/elon-musk-diverts-ai-chip-resources-to-xai-x-ahead-of-tesla-report-crypto-news\/","title":{"rendered":"Elon Musk Diverts AI Chip Resources To xAI & X Ahead Of Tesla: Report – Crypto News"},"content":{"rendered":"

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In an unprecedented development that has echoed a bustle, recent reports surfacing across markets have spotlighted that Elon Musk has mandated Nvidia, the GPU manufacturing giant, to send AI chips to his firms xAI and X ahead of Tesla. This decision raises the question: Is Tesla losing its edge? Or is this a strategic mover that aligns with the rising demand for AI-related technologies?<\/p>\n

xAI, Elon Musk\u2019s AI<\/a> startup, and X, formerly known as Twitter, a social media platform championing free speech, are the beneficiaries of the diverted AI chip resources. This resource diversion has sparked intense interest and speculation within the industry, underscoring the significance of the decision.<\/p>\n

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A Closer Look Into The Report<\/h2>\n

According to CNBC, a recent email by a senior staff member at Nvidia suggests that Musk overstated Tesla\u2019s chip procurement to shareholders. Further, correspondence from Nvidia staffers stated that Musk funneled a significant amount of AI processors booked for Tesla to X, the platform that boasts the generative AI chatbot Grok, launched by Elon\u00a0Musk\u2019s<\/a>\u00a0xAI.<\/p>\n

Meanwhile, in an April post on X, Musk pointed out that \u201cTesla will spend around $10B this year in combined training and inference AI, the latter being primarily in car.\u201d The decision to divert resources contradicts this statement.<\/p>\n

Tesla Inc.\u2019s Common Stock (TSLA) saw a 0.84% dip in the pre-market hours, piquing investor interest amid the automobile company\u2019s abovementioned blunder. The stock price stood at $174.81.<\/p>\n

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Also Read: ProShares To Launch Two New Ethereum ETFs On NYSE<\/a><\/strong><\/p>\n

Musk\u2019s Past Resource Diversion Chronicles<\/h2>\n

A December memo from Nvidia claimed that Musk prioritized X over Tesla by redirecting 12k of shipped H100 GPUs to X instead of Tesla. \u201cIn exchange, original X orders of 12k H100 slated for Jan and June to be redirected to Tesla.\u201d<\/p>\n

The emergence of these chronicles has enigmatically shrouded Musk\u2019s plans for AI development across multiple firms run by the American entrepreneur.<\/p>\n

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Nvidia<\/a> and Musk are yet to reveal an official statement surrounding the matter, although the abovementioned chronicle underlines significance of AI development.<\/p>\n

Also Read: 5 Reasons Why $100K BTC Price Rally Is Inevitable: Adam Back<\/a><\/strong><\/p>\n

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article. <\/p>\n<\/p><\/div>\n

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

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In an unprecedented development that has echoed a bustle, recent reports surfacing across markets have spotlighted that Elon Musk has mandated Nvidia, the GPU manufacturing giant, to send AI chips to his firms xAI and X ahead of Tesla. This decision raises the question: Is Tesla losing its edge? Or is this a strategic mover […]<\/p>\n","protected":false},"author":2,"featured_media":316583,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-316580","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/316580","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=316580"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/316580\/revisions"}],"predecessor-version":[{"id":316586,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/316580\/revisions\/316586"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/316583"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=316580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=316580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=316580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}