Elon Musk has warned that the AI race is like a high-stakes poker game, where companies must continuously invest in AI hardware just to maintain their competitive edge in research and development.
The 52-year-old tech mogul also noted that Tesla, his automotive company, which designs, manufactures and sells electric vehicles (EVs), will be spending over a whopping $500 million (£393.38 million) on Nvidia AI chips alone this year.
