Tesla working with AMD to develop AI chips for Autonomous Cars

Posted September 22, 2017

Tesla and AMD may be teaming up to build an autopilot chip for autonomous driving tasks in Tesla's cars.

Mosesmann reiterated his buy rating on AMD shares and his $22 price target, representing 60 percent upside from Wednesday's close.

The source has said that Tesla "has received back samples of the first implementation of its processor and is now running tests on it", according to CNBC.

According to tech website WCCFTech, the new AI chip could be AMD's next-generation Navi graphics architecture.

GlobalFoundries, which fabricates chips, has a wafer supply agreement in place with AMD.

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News of Tesla working with Advanced Micro Devices Inc (NASDAQ:AMD) over self-driving cars has thrown the latter company into focus with analysts and the general artificial intelligence (AI) market under the spotlight.

Yesterday, Sanjay Jha, CEO of AMD spin-off and chip fabricator GlobalFoundries, at the company's technology conference in Santa Clara, California, mentioned Tesla as an example of companies that were working with fabricators.

AI is a big topic at the moment and one Tesla found Elon Musk has certainly been vocal about in recent weeks. The company also stated that they do not comment on customers or potential customers' projects.

A 50-person team is reportedly working on the chip, headed by former Apple and AMD chip designer Jim Keller, who joined Tesla from AMD past year. Chris Lattner, Tesla's vice president of Autopilot software, left the company in June after just six months at the helm. Tesla has brought on several AMD veterans after hiring Keller, including director Ganesh Venkataramanan, principal hardware engineer Bill McGee and system circuit design lead Dan Bailey.

Tesla is known for its aspirations to vertically integrate its business as much as possible, and its partnership with AMD could be a move toward that goal.