Elon Musk “transferred” 12 thousand NVIDIA H100 artificial intelligence chips from Tesla to X and xAI – shares fell, investors were unhappy

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Илон Маск «перебросил» из Tesla в X и xAI 12 тыс. чипов искусственного интеллекта NVIDIA H100 — акции упали, инвесторы недовольны

Илон Маск «перебросил» из Tesla в X и xAI 12 тыс. чипов искусственного интеллекта NVIDIA H100 — акции упали, инвесторы недовольны

CEO Elon Musk asked NVIDIA to send 12 thousand NVIDIA H100 artificial intelligence processors to his companies X and xAI instead of Tesla. NVIDIA's emails on the matter also provide indirect evidence of an exaggerated picture of Tesla's purchases, as reported by CNBC.

Previously, Elon Musk said that he could make Tesla “a leader in the field of artificial intelligence and robotics.” This, he says, will require many expensive NVIDIA processors. During Tesla's first-quarter earnings call in April, Musk said the company would increase the number of H100 chips from 35,000 to 85,000 by the end of this year. A few days later, he also wrote in a note on X that Tesla will spend $10 billion this year “on combined learning and artificial intelligence.”

But emails from senior NVIDIA staff circulated within the company suggest Musk provided shareholders with an exaggerated picture of Tesla's purchases. The NVIDIA correspondence also suggests that Musk has redirected a significant batch of artificial intelligence chips that were reserved for Tesla into X and xAI. Tesla shares fell 1% on the news.

Musk's request delayed the automaker's more than $500 million in GPU spending by at least several months, likely delaying planned work and research. The new information also underscores an escalating conflict between Musk and some Tesla shareholders, who question whether he will live up to his obligations while also running a number of other companies and moving funds between them. It is worth noting that it is Tesla that gives Musk the largest part of his fortune.

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Companies X and xAI are closely intertwined. In November, Musk wrote: “X Corp investors will own 25% of xAI.” In addition, xAI uses certain capacity in X data centers to train and operate the Grok chatbot.

Tesla shareholders do have reason to worry. The company is experiencing an alarming decline in sales, partly due to its aging EV lineup and increasing competition. Her reputation has also suffered in the US, according to the Axios Harris Poll 100, which attributes the decline to Musk's “antics” and political remarks. Overall, Tesla shares are down 29% this year.

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The Technology section is published with the support of Favbet Tech

Илон Маск «перебросил» из Tesla в X и xAI 12 тыс. чипов искусственного интеллекта NVIDIA H100 — акции упали, инвесторы недовольны

Илон Маск «перебросил» из Tesla в X и xAI 12 тыс. чипов искусственного интеллекта NVIDIA H100 — акции упали, инвесторы недовольны

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