In a significant move within the tech industry, Tesla, led by Elon Musk, has committed to investing $10 billion in artificial intelligence (AI) for 2024, specifically targeting advancements in autonomous driving technology. This investment aims to bolster Tesla's capabilities in both training and inference AI, with a focus on automotive applications. Concurrently, the AI sector is witnessing substantial financial commitments from other major players. Nvidia is projected to generate $40 billion from GPU sales in 2024, primarily driven by heightened demand from tech giants increasing their AI infrastructure investments, and its shares have experienced a $290 billion increase. Additionally, in the first quarter of 2024, Microsoft, Meta, and Alphabet collectively invested $32 billion in AI technology and data centers, significantly heating up the competition in the AI space, which has now reached a $10-trillion market valuation.
Elon Musk says any company that isn’t spending $10 billion on AI this year like Tesla won’t be able to compete. https://t.co/UZuUzWjVUd
Nvidia shares received a lift last week on news that several mega-cap tech companies planned to increase its investment in AI infrastructure. Wedbush Securities' Matt Bryson tells @davidfaber how that will factor into $NVDA's business and the multiple it trades at. @CNBC https://t.co/q2W5wSSSav
Nvidia shares received a lift last week on news that several megacap tech companies planned to increased its investment in AI infrastructure. Wedbush Securities' Matt Bryson tells @davidfaber how that will factor in to Nvidia's business and the multiple it trades at. $NVDA https://t.co/ZHrRQTzW0g
Analyst says buying Nvidia is 'no brainer' as tech companies 'spend like crazy' in AI race https://t.co/LZ6aUePKSr
Melius Research analyst Ben Reitzes raised his price target on Nvidia shares to $1,125 from $1,000, as a "no brainer" stock - The big clouds are the foundation for demand for Nvidia’s GPUs — and they are all spending ~20% more on chips than we previously expected over the next…
Around $12.2B was invested in venture-backed AI startups in Q1 of this year, Crunchbase data shows. That is an uptick from Q4 2023 and comes despite a lack of head-spinning deals like @Microsoft's $10B-plus investment in @OpenAI. https://t.co/LBYzFoQchx
The latest evidence Nvidia’s stock is a ‘no brainer,’ according to this analyst https://t.co/NJeV5f7tzK
CATHIE WOOD: Tesla is the biggest artificial intelligence project in the world. Elon Musk announced Tesla will spend $10 BILLION on artificial intelligence this year! https://t.co/LEKvNuacyJ
Generative AI investment rose ~11% QoQ to over $2B in Q1 2024, as investor interest remains high in the technology. $NVDA $AMD $MSFT $GOOG $AMZN https://t.co/OhScEKGbcz
Tesla $TSLA will spend around $10B this year in combined training and inference AI, the latter being primarily in car - Musk posted on X
Generative AI investments soared to $21.8 billion in 2023, surpassing more than 5x 2022’s total investments of $4.3 billion. $NVDA $AMD $MSFT $GOOG $AMZN https://t.co/u0BDTdxcq2
🚨BREAKING: AI RACE IS ON - HITS $10-TRILLION MARKET VALUATION Microsoft, Meta, and Alphabet heated up the AI race with $32 billion invested in data centers and technology in Q1 2024. Elon has confirmed that Telsa will invest $ 10 billion this year in AI development. Nvidia's… https://t.co/V5lThorzzt https://t.co/7afxuv36zW
🚨AI HITS $10-TRILLION MARKET VAL Q1 Microsoft, Meta, and Alphabet invested $32 billion in data centers and tech for AI. Nvidia chips will hit $40 billion in 2024 - surpassing AMD and Intel. https://t.co/HrMvDqnalB
🚨AI HITS $10-TRILLION MARKET VALUATION Q1 Microsoft, Meta, and Alphabet invested $32 billion in data centers and tech for AI. Nvidia to make $40 billion in 2024 - eclipsing AMD and Intel. https://t.co/HrMvDqnalB
🚨AI HITS $10-TRILLION MARKET VALUATION Q1 Microsoft, Meta, and Alphabet invested $32 billion in data centers and tech for AI. Nvidia is poised to make $40 billion from GPU sales in 2024 - eclipsing AMD and Intel. https://t.co/HrMvDqnalB
🚨AI HITS $10-TRILLION MARKET VALUATION In Q1 2024, Microsoft, Meta, and Alphabet invested $32 billion in data centers and tech for AI. Nvidia is expected to make $40 billion from GPU sales in 2024 - eclipsing AMD and Intel. https://t.co/HrMvDqnalB
"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." https://t.co/aXw6kT4WQH
Current Market Cap of AI projects in crypto is $21B So if elon actually does invest $10B into AI through Tesla, that's an investment size half of the current marketcap of AI projects in crypto with time AI marketcap goes much higher, especially with more AI growth & competition https://t.co/9wlWi4yJJs https://t.co/1kq8XtQcgF
JUST IN: Tesla to spend $10b on self-driving in 2024. Elon Musk says "any company not spending at this level, and doing so efficiently, cannot compete." https://t.co/mSq9XUfsrW
JUST IN: Elon Musk announces Tesla will invest $10 billion in AI this year to advance its autonomous driving technology. https://t.co/3N2axRVNSf
🚨🇺🇸BREAKING: ELON ANNOUNCES $10B AI INVESTMENT Tesla has reportedly committed a massive $10 billion to AI, targeting advancements in autonomous driving tech. ELON: "Tesla will spend around $10B this year in combined training and inference AI, the latter being primarily in… https://t.co/svDHu5S4n0
Nvidia Shares Go on a $290 Billion Tear as Clients Splurge on AI #DL #AI #ML #DeepLearning #ArtificialIntelligence #MachineLearning #ComputerVision #AutonomousVehicles #NeuroMorphic #Robotics https://t.co/MTSo9izX73