By the end of 2024, Elon Musk's Tesla intends to invest more than $1 billion in Project Dojo. To create the software for self-driving cars, the Dojo supercomputer will be able to analyse enormous volumes of data, including films from Tesla automobiles. The 'Dojo training computer' is now in production, Tesla also acknowledged in its most recent earnings call. In a conference call with investors, Elon Musk disclosed the over $1 billion in spending. Due to consumers using the driver assistance software Autopilot and other related technologies like Full Self Driving Beta, according to Musk, Tesla has a vast amount of video footage.
Musk said Tesla has a “staggering amount" of video at its disposal, thanks to its customers’ use of camera-based driver assistance software called Autopilot and a related feature known as “Full Self Driving Beta" that has racked up more than 300 million miles of data. The company said in its latest earnings release that it had begun production of its “Dojo training computer."
The announcement about spending on Project Dojo alarmed investors, which caused the price of Tesla shares to decline by 4% after the market closed. Zachary Kirkhorn, chief financial officer at Tesla, later emphasized that the investment will be divided between capital expenses and research and development. He added that it is a component of a three-year spending outlook that was previously revealed.
Tesla already boasts one of the most powerful supercomputers in the world, a sizable Nvidia GPU-based machine, according to sources. However, Tesla-designed processors are being used in the construction of the new Dojo supercomputer.
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