Tesla Inc. is working with Advance Micro Devices Inc. to produce a chip for its Autopilot, the car maker’s suite of advanced driver-assistance systems, aiming to reduce Tesla’s reliance on Nvidia Corp. , according to a CBNC report that cited a source familiar with the matter. The report cited the same source saying more than 50 people are working under Jim Keller, the head of Autopilot, and Tesla has brought on several former AMD employees to work on the project, CNBC said. Tesla has developed its own ADAS software and related systems and relies on an onboard Nvidia AI “supercomputer.” AMD shares rose 1.5% late Tuesday, while Tesla shares and Nvidia shares fell 0.1% and 0.6%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News