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Elon Musk compares the AI race to playing poker — you need to spend billions every year just to sit at the table

Business InsiderBusiness Insider · 10m
Elon Musk compares the AI race to playing poker — you need to spend billions every year just to sit at the table

Elon Musk compared the AI race to a poker game where companies need to spend billions on AI hardware to stay competitive. He mentioned that Tesla would spend over $500 million on Nvidia AI chips in 2024 and would require several billion dollars worth of hardware to keep up with rivals. Musk emphasized that being competitive in AI now requires a minimum expenditure of several billion dollars per year. Various tech giants are rushing to acquire Nvidia H100 GPUs, which are crucial for building and training language models. Musk also mentioned Tesla's plans to purchase chips from Nvidia and AMD. Additionally, Musk has expressed concerns about Tesla's AI development and the need for more control over the company.

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