Published: Fri, September 22, 2017
Markets | By Lucia Cruz

Tesla working with AMD to develop AI chips for Autonomous Cars

Tesla working with AMD to develop AI chips for Autonomous Cars

Shares of Advanced Micro Devices Inc. surged 1.3% on heavy volume in premarket trade Thursday, after a report that Tesla Inc. was working with the chipmaker on Tesla's Autopilot driver-assistance system, in an effort to reduce the reliance on Nvidia Corp.

Currently Tesla is looking to kit out all current models of their electric cars with the technical capability to perform an autopilot function, although a software update at some point in the future will be required in order to make the cars actually capable of driving around their passengers without input.

According to commentators, a more power-efficient purpose-built chip could help development of totally autonomous driving.

The news that Tesla may use Advanced Micro Devices intellectual property to produce the chip sent AMD stocks rising almost 5 percent Wednesday and continuing to rise after the trading day closed, CNBC reported.

Yesterday, Sanjay Jha, CEO of AMD spin-off and chip fabricator GlobalFoundries, at the company's technology conference in Santa Clara, California, mentioned Tesla as an example of companies that were working with fabricators.

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Last year, AMD lost what Tesla CEO Elon Musk called a tight race against Nvidia for the auto company's GPU/AI business.

Further, according to a source told the CNBC, Tesla already received back samples of its processors of its first implementation and lately is running tests on it.

Steves also doesn't think that the AMD-Tesla chip will even replace Nvidia at Tesla.

Analysts are increasingly more bullish on AMD's technology and potential in the critical artificial intelligence market following the news Tesla is using the company's intellectual property. As it seems now, they have partnered up with AMD to do so.

Tesla also brought other veterans in the tech industry: Ganesh Venkataramanan, Bill McGee, and Dan Bailey.

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