At last night’s investor event, Tesla (TSLA) CEO Elon Musk commented that the company has the biggest neural net training system in the world for its fleet and that it expects to increase the capability by an order of magnitude by the end of this year and likely another order of magnitude by the end of next year with a combination of Nvidia (NVDA) and Dojo, its in-house training platform Citi the analyst tells investors in a research note. The firm believes Musk’s comments reflect the growing complexity and model parameters of the training models, bode well for Nvidia’s data center sales in 2023 and 2024, and are supportive of Citi’s 40%/20% general purpose compute to customized compute long-term growth rates. The analyst keeps a Buy rating on Nvidia with a $245 price target.
Published first on TheFly
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