Kamal Ghorui
Tesla and SpaceX CEO Elon Musk has now made a fun of Nvidia and other AI rivals after the chipmaker’s GTC conference. Responding to the tech evangelist Robert Scoble’s post on social media platform X (formerly known as Twitter) that “everyone else in AI is at GTC,” Musk quipped, “While others go to conferences, we study the blade.” The remark made by Musk was widely interpreted as Tesla CEO is making fun of Nvidia’s high-profile event while positioning his own ventures as more focused on execution than showmanship.
Elon Musk’s confidence in SpaceX and xAI
Elon Musk has also reaffirmed his belief that SpaceX and his AI startup xAI will surpass competitors in the artificial intelligence race. He further highlighted that xAI is also training three separate Grok models simultaneously, underscoring his commitment to building advanced AI systems despite recent high profile departures from the company. Musk has also claimed that SpaceX’s AI efforts would “far exceed” those of rivals, including Google’s DeepMind.
Tesla’s upcoming Terafab AI chip project
After SpaceX and xAI, Elon Musk also pointed to Tesla’s upcoming Terafab AI chip project, which aims to design the company’s next-generation self-driving chip. Tesla has also reportedly hired AI chip designers in South Korea to accelerate development, signalling Musk’s ambition to reduce reliance on external suppliers like Nvidia.
Elon Musk’s AI startup xAI is hiring bankers and private credit lenders
Elon Musk’s artificial intelligence startup xAI is now hiring bankers, traders, portfolio managers and private credit lenders in order to strengthen the financial strategy capabilities of its Grok chatbot, according to a report by Bloomberg. The job postings of the company show that it is actively building data annotation teams staffed by finance professionals who will train Grok to think through complex modelling tasks like leveraged loan syndication, distressed investing, and structured products like mortgage-backed securities and collateralised loan obligations.The Bloomberg report further suggests that xAI is also recruiting specialists in crypto and equity trading, signalling a broad ambition to make Grok useful for investing professionals. This move of the company aligns with a wider industry trend, as rivals OpenAI and Anthropic have already launched tools designed to streamline market analysis, investment memos, and other financial workflows.
