Latest news with #AI6
Business Insider
a day ago
- Automotive
- Business Insider
Tesla's Musk Says ‘All Effort Is Focused on AI5/AI6 Chips' After Ending Dojo Project
Shares of electric vehicle maker Tesla (TSLA) gained 2.3% on August 8, despite news of the disbanding of the entire Dojo supercomputer team. The team was built to focus on developing Tesla's in-house artificial intelligence (AI) chips to power its self-driving technology and Optimus humanoid robot. The closure of the Dojo project means Tesla will now have to rely on sourcing chips from tech companies, such as Nvidia (NVDA), AMD (AMD), and Samsung (SSNLF). Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. However, the news was not all bad, since CEO Elon Musk quickly clarified that Tesla's AI5 and AI6 chips will take over the role of the Dojo team. Investors reacted positively, driving TSLA stock higher on Friday. Musk explained the shift in an X post, saying, 'It doesn't make sense for Tesla to divide its resources and scale two quite different AI chip designs.' AI6 Is the New Dojo Following Musk's post, a Tesla enthusiast cheered the shift, saying, 'AI6 is the new Dojo.' Tesla has stopped its separate Project Dojo supercomputer initiative to focus entirely on its in-house AI5 and AI6 chips. Musk stated that, instead of maintaining two different AI chip designs, Tesla will use its AI5 and AI6 chips both for training and inference of its autonomous driving systems, such as Full Self-Driving (FSD) and Autopilot. These chips will also be used in Tesla's consumer products, including Optimus robots, the Cybercab, and the next-generation Roadster. Project Dojo was originally designed to train Tesla's autonomous driving AI using custom D1 chips arranged in a unique 5×5 system-on-wafer design. However, Musk now sees the AI6 chip as the natural successor to Dojo, combining and improving many of its features. He confirmed that all Tesla AI chip efforts will now focus on AI6, which will be produced at Samsung's new Texas fabrication facility. Musk added that he will be personally involved in speeding up AI6 production. Is TSLA Stock a Buy, Hold, or Sell? Analysts remain cautious about Tesla's long-term outlook due to ongoing declines in EV sales and the ending of EV tax incentives on September 30. On TipRanks, TSLA stock has a Hold consensus rating based on 13 Buys, 15 Holds, and eight Sell ratings. The average Tesla price target of $305.37 implies 7.4% downside potential from current levels. Year-to-date, TSLA stock has lost 18.4%.
Time of India
2 days ago
- Automotive
- Time of India
‘I see a potential path for…', says CEO Elon Musk as Tesla abandons Dojo supercomputer project
Elon Musk-owned Tesla recently dissolved its Dojo supercomputer team. According to a Bloomberg report, the EV maker will also discontinue its in-house chip development for autonomous driving technology. Tired of too many ads? go ad free now An X user Gali @Gfilche welcomed the development, saying 'This is a big win'. He said 'Tesla's in house chip design is a key advantage and reason their full self-driving tech (and soon Optimus) can make complex decisions in real time'. The user continued 'Dojo project has culminated in @Tesla_AI's upcoming AI6 chip … what will be the backbone of Cybercab & Optimus … and it can be stacked for other types of AI workloads.' Tesla CEO responded to the post saying: 'I see a potential path for an epic outcome'. Why Dojo shutdown is important for Tesla Dojo was first announced in 2019. It was then pitched as the backbone of Tesla's AI ambitions, particularly for achieving full self-driving (FSD) by processing vast amounts of video data. Recently, Elon Musk highlighted Dojo at the company's Q2 2025 earnings call. The disbanding of Dojo comes at a pivotal moment for Tesla. Musk has been repositioning the EV maker as an AI and robotics company, despite challenges with its limited robotaxi launch in Austin in June 2025. The launch involved Model Y vehicles with a human co-pilot. However, it faced criticism after reports of erratic driving behavior. According to reports, Tesla is turning to external partners for its technology needs. Last month, the company signed a $16.5 billion deal with to produce its AI6 inference chips, which will be used in everything from Full Self-Driving (FSD) and Optimus humanoid robots to high-performance AI training. Tired of too many ads? go ad free now The automaker is also strengthening partnerships with Nvidia for computing power and AMD for additional chip solutions. During Q2 earnings call, Elon Musk suggested the company may streamline development by aligning its Dojo 3 system with the AI6 chip to avoid duplication of work.
India.com
2 days ago
- Automotive
- India.com
Meet G Venkataraman who forced Elon Musk to shut down his shop, Musk will never forget this Indian genius due to...
Ganesh Venkataraman left Elon Musk's Tesla and co-founded DestinyAI. (File) In a major setback for Elon Musk, Tesla has shuttered its Dojo supercomputer unit, reportedly after Ganesh Venkataramanan, an Indian-origin former Tesla executive, left the company and co-founded AI startup DestinyAI, along with other former top executives who quit Musk's auto firm. Why Elon Musk shut down Tesla Dojo? According to a Bloomberg report, Tesla is dissolving the team that was tasked with developing its Dojo supercomputer, after several top executives who worked on the project left the company and flocked to DestinyAI– an AI startup co-founded by former Tesla Dojo head honchos– Ganesh Venkataramanan, Bill Chang and Ben Floering. As per the report, Tesla's Dojo head Peter Bannon has also left the company, and is likely to join Venkataraman's DestinyAI. Earlier this month, Tesla took a major hit when around 20 members of its Dojo team left the company to establish DensityAI, an AI startup 'focused on data center services for industries from automotive to robotics.' Following the mass exodus, Tesla shifted the remaining Dojo employees to other areas within the company, Bloomberg reported. What did Tesla Dojo do? First introduced by Tesla CEO Elon Musk in 2019, the Dojo was described as a 'super powerful training computer', which would be capable of training AI chips by processing huge amounts of vehicle video data. These AI chips would be then used to power Tesla's patented 'Autopilot' technology that are installed in its self-driving cars. At the time, Tesla's Dojo was touted as the next big thing by market analysts, and was predicted to give the company a major lead in the sector, with Morgan Stanley estimating in 2023 that the project would increase the market cap of the Elon Musk-led automaker by a whopping $500 billion. How Tesla plans to proceed? However, after the recent turn of events, Tesla is planning to partner with chipmaking giants Nvidia and AMD for computing power, while a deal with Samsung is in the pipeline for chip manufacturing. 'It is not right for Tesla to spend its resources on two different AI chip designs. Tesla AI5, AI6 and subsequent chips will be very good for inference and also for training,' Elon Musk wrote on X, hinting that Tesla will now focus on AI chips that can run AI systems used in cars with more precision and accuracy. Notably, Tesla has witnessed declining sales in recent times due to increased competition, and Elon Musk's political affiliations.
Economic Times
2 days ago
- Automotive
- Economic Times
Tesla gets Texas robotaxi license amid safety lawsuit, Dojo shutdown
Tesla has been licensed to operate its Robotaxi ride-hailing business in Texas, creating a ground for competition against rivals Uber and Lyft. According to a listing on the Texas Department of Licensing and Regulation's website, Tesla Robotaxi LLC can operate as a 'transportation network company' in the state until August 6, 2026. Meanwhile, on August 6, chief executive Elon Musk and the EV maker were sued by shareholders alleging securities fraud for hiding major safety risks with the company's self-driving vehicles, including the Robotaxi. Tesla's share price fell 6.1% over two trading days after the test began, wiping out about $68 billion of market launched its autonomous taxi service in San Francisco in late June. The business is still in its early stages, having only conducted a controlled test run in Austin, Texas, earlier this year. During the earnings call last month, Musk said Tesla is getting regulatory permission to launch robotaxis in several states, including California, Nevada, Arizona and Florida. Tesla shuts down Dojo The development comes after Tesla had shut down the team behind its Dojo supercomputer, ending its push to build in-house chips for self-driving technology. CEO Elon Musk posted on X, saying, 'It doesn't make sense for Tesla to divide its resources and scale two quite different AI chip designs.' ET reported that shutting down Dojo marks a big change in Tesla's strategy. Musk had long said that Dojo would be key to the company's AI goals and its path to full self-driving, Last month, Tesla also signed a major $16.5 billion deal to source chips from Samsung Electronics. These chips are expected to power its self-driving cars, humanoid robots, and data centres. According to Musk, these new AI6 chips will be made at Samsung's new chip plant in Taylor, June 11, AP reported that Musk has long promised fully autonomous cars next year, but pressure is mounting as Tesla launches a self-driving taxi service amid falling EV sales, Model Y retooling, and political backlash. First Tesla store in India The EV manufacturer had also launched its first outlet in India on July 15 in Bandra-Kurla Complex area of Mumbai. Tesla had signed the lease for its 4,000 square foot Mumbai showroom in March. The location is in the vicinity of Jio World Drive, which has housed Apple's first showroom in the country. Also Read: Back and forth over Elon Musk's pay cheque: How Tesla splurged to retain its CEO
Time of India
2 days ago
- Automotive
- Time of India
Tesla gets Texas robotaxi license amid safety lawsuit, Dojo shutdown
Academy Empower your mind, elevate your skills Tesla has been licensed to operate its Robotaxi ride-hailing business in Texas, creating a ground for competition against rivals Uber and Lyft According to a listing on the Texas Department of Licensing and Regulation's website, Tesla Robotaxi LLC can operate as a 'transportation network company' in the state until August 6, on August 6, chief executive Elon Musk and the EV maker were sued by shareholders alleging securities fraud for hiding major safety risks with the company's self-driving vehicles, including the share price fell 6.1% over two trading days after the test began, wiping out about $68 billion of market launched its autonomous taxi service in San Francisco in late June. The business is still in its early stages, having only conducted a controlled test run in Austin, Texas, earlier this the earnings call last month, Musk said Tesla is getting regulatory permission to launch robotaxis in several states, including California, Nevada, Arizona and development comes after Tesla had shut down the team behind its Dojo supercomputer , ending its push to build in-house chips for self-driving technology CEO Elon Musk posted on X, saying, 'It doesn't make sense for Tesla to divide its resources and scale two quite different AI chip designs.' ET reported that shutting down Dojo marks a big change in Tesla's strategy. Musk had long said that Dojo would be key to the company's AI goals and its path to full self-driving,Last month, Tesla also signed a major $16.5 billion deal to source chips from Samsung Electronics. These chips are expected to power its self-driving cars, humanoid robots, and data centres. According to Musk, these new AI6 chips will be made at Samsung's new chip plant in Taylor, June 11, AP reported that Musk has long promised fully autonomous cars next year, but pressure is mounting as Tesla launches a self-driving taxi service amid falling EV sales, Model Y retooling, and political EV manufacturer had also launched its first outlet in India on July 15 in Bandra-Kurla Complex area of had signed the lease for its 4,000 square foot Mumbai showroom in March. The location is in the vicinity of Jio World Drive, which has housed Apple's first showroom in the country.
