Elon Musk, the CEO of Tesla, has announced that the company plans to develop its own artificial intelligence (AI) chips by 2024. These AI chips, referred to as “Xai” (Exponential AI), will be designed to power Tesla’s autonomous driving software and other AI applications. Musk believes that AI will be a key driver of Tesla’s future growth and that developing in-house AI chips will give the company a competitive edge. The move towards AI chip development aligns with Tesla’s broader strategy of vertical integration, where the company aims to control as many aspects of its technology stack as possible. Musk has expressed concerns about the potential risks of advanced AI systems and has advocated for responsible development and regulation of AI technologies. The announcement of Tesla’s AI chip plans has generated excitement and speculation within the technology industry, as companies race to gain an advantage in the rapidly evolving field of artificial intelligence.