Tesla Inc. will spend “well over” $1 billion by the tip of 2024 on constructing an in-house supercomputer often known as Project Dojo.
In Tesla’s earnings name with analysts late Wednesday, Chief Executive Elon Musk stated Dojo can be used to course of knowledge and video to enhance the EV maker’s autonomous driving capabilities, with the aim of full autonomy.
According to a FactSet transcript, when requested about how a lot Tesla
TSLA,
plans to spend on the challenge, Musk replied: “Through the end of next year, it’s well over $1 billion in Dojo and, yeah, so we’ve got a truly staggering amount of video data to do training on.”
Also see: As buyers fear about decrease Tesla margins, Musk says Full Self-Driving is vital to future earnings
Tesla CFO Zachary Kirkhorn added that the determine was cut up between R&D and capital spending, and had been beforehand taken into consideration within the firm’s three-year steering.
“We obviously need to train our neural net with data from millions of vehicles,” Musk stated. “I mean, this has been proven over and over again. The more training data you have, the better the results.”
“Tesla is clearly at the cutting edge of AI development,” Musk added.
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Source web site: www.marketwatch.com
