Elon Musk Says He's Building a Chip '2-3x Better Than Nvidia' at 10% the Cost. Should Nvidia Investors Be Worried?
The trillionaire has pulled off seemingly impossible feats in the past. Could he do it again with a chip that beats Nvidia?
Elon Musk Says He's Building a Chip '2-3x Better Than Nvidia' at 10% the Cost. Should Nvidia Investors Be Worried?
Overview
The world's first trillionaire has the world's biggest company in his crosshairs.
Thanks primarily to his stakes in SpaceX (NASDAQ: SPCX) and Tesla (NASDAQ: TSLA), Elon Musk's net worth now tops $1 trillion. Musk has pioneered innovations in electric vehicles. He has successfully commercialized rocket launches. And now he plans to take on Nvidia (NASDAQ: NVDA).
Details
Musk told Baron Capital founder Ron Baron that he's building an artificial intelligence (AI) chip that will be "two to three times better than Nvidia" and at 10% of the cost. Should Nvidia investors be worried?
Source
Originally published at www.fool.com.
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