Tesla CEO Elon Musk says that by the end of the year, the company will have spent $10 billion on hardware related to training Full Self-Driving data.
Tesla is just one of many automakers and third-party tech companies looking to solve self-driving. While some automakers have chosen to offload that responsibility to companies like Mobileye, others like Tesla have decided to tackle the problem head-on. Now, after years of throwing money at its own hardware and training stacks, Tesla has amassed a gigantic multi-billion dollar investment.
Last year, Tesla said it expected to spend an estimated $1 billion on Dojo. Musk has long been a proponent of investing in computing power to advance the model used by its fleet of semi-autonomous cars globally. By investing in hardware capable of processing video clips and telematics data sent by vehicles at a more efficient pace, Tesla's model can quickly 'learn' driving decisions much more quickly.
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