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Analysts weigh in on AMD's Tesla collaboration

Analysts weigh in on AMD's Tesla collaboration

According to CNBC, the first implementation of Tesla's in-house AI processor to be used in self-driving has already made with the help of AMD's manufacturing and intellectual property.

Tesla is developing its own artificial intelligence (AI) system in a bid to "decrease reliance on other companies", reports CNBC. Jim Keller, formerly the chief architect for AMD's microprocessors, is now VP of autopilot hardware at Tesla.

There's no official comment yet from either AMD or Tesla, so we'll just have to wait and see whether this development means we're still on track for snooze-driving by 2019.

AMD would help provide Tesla with development of the chip. One notable exception is Junli Gu, who mainly worked on deep-learning software for four years at AMD before leaving to build "and lead the machine-learning team at Tesla Autopilot", according to her online bio.

The electric auto company Tesla has worked with Nvidia for a long time.

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Tesla is apparently working with computing manufacturer AMD to create its own chip to handle autonomous driving for its range of electric vehicles. Within four months, Tesla hired several of Keller's former colleagues, including processor veteran Peter Bannon and several senior AMD engineers. Tesla represents less than 1% of the current auto market, and Nvidia already has partnerships in place with a bunch of other vehicle manufacturers. Shares of AMD soared more than six percent on Wednesday after news of the partnership leaked. What is happening is that system companies like Google, like Amazon, like Tesla, like Microsoft, are coming directly to foundries. Nvidia fell on the news and is down 2.03% on Thursday.

AMD shares are up 1.89% premarket.

Steves maintained an outperform rating on Nvidia and a price target of 205.

Rosenblatt Securities Hans Mosesmann reiterates a Buy rating and $22 price target for AMD.

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