Tesla Inks $16.5 Billion Deal For AI With Samsung And Elon Musk Says This

Tesla stock advanced higher at Monday's stock market open after CEO Elon Musk confirmed late Sunday that the EV giant has signed a $16.5 billion, multiyear, deal with Samsung for AI chips. Musk claimed that the initial price tag on the deal is just the beginning. The Tesla head said on X that Samsung's new Texas fab facility will be "dedicated to making Tesla's next-generation AI6 chip" with the aim of using the new memory chips for Tesla's humanoid robot Optimus, fully autonomous self-driving vehicles and AI data centers.