Economy

Tesla abandoned Nvidia? Developing a chip with Nvidia's rival AMD

Tesla abandoned Nvidia? Developing a chip with Nvidia's rival AMD

AMD shares shot up after CNBC reported that the company is working with Tesla.

"While we would not expect shipments of AMD chips to Tesla to have a material impact near term to AMD bottom line ... we think this would constitute a critical win for AMD as it would support our thesis that with its parallel processing GPUs, AMD is a beneficiary [of the next big technology shift]", Jefferies analyst Mark Lipacis wrote Thursday. A source for CNBC adds that Tesla has received samples of the first implementation of its AI processor and is running tests now.

Tesla is hard at work having its own chip for handling autonomous driving tasks in its cars. But the company is also always iterating on its hardware, eschewing the traditional model year upgrades of legacy automakers.

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He told the AGM that the offer applied to pilots at London Stansted, Dublin, Frankfurt and Berlin airports. Michael O'Leary insisted there is no problem between the airline and its pilots.

Tesla is working with AMD to build an autonomous driving chip, according to a report from CNBC.

AMD shares closed up 5 percent Wednesday following the Tesla news.

However, while this might mean that Nvidia will be tossed aside altogether, Tesla will still need some help manufacturing the chips. Tesla is king of the self-driving vehicle market, which is exactly why rival Intel has gone to its wit's end to try to gain CEO Elon Musk's favor. Mobileye had supplied the hardware for Tesla's first-generation Autopilot technology, but the two companies went their separate ways after a Tesla customer died in a crash that occurred while Autopilot was active.

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Interestingly, Tesla's head of AI, Jim Keller, is an ex-AMD CPU ar- chitect having designed Zen (used in Ryzen and EPYC), and has surrounded himself at Tesla with several key AMD players, which may have been the initial reason Tesla is aligning themselves with AMD.

Will you take a ride in Tesla's autonomous vehicle?

Lipacis also comments on Nvidia (NASDAQ:NVDA), which was bumped to the side in favor of AMD, saying that near-term headline risks aren't favorable but he doesn't see a long-term risk. RBC maintains an Outperform rating on Nvidia and a Neutral rating on Tesla. He said that it will likely result in AMD taking business from Nvidia around the edges, but that Nvidia will likely remain the market leader.

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At the TechCrunch event, Durant said he has another Instagram account for friends and family, but not to "clap back at anyone". Crook asked Durant whether he'd want human basketball referees to be replaced by machines with artificial intelligence.


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