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home / articles / tesla eyes chinese data center to boost autonomous d mwn benzinga


XLY - Tesla Eyes Chinese Data Center To Boost Autonomous Driving Tech: Report | Benzinga

Tesla Inc. (NASDAQ:TSLA) is reportedly advancing its strategy to enhance its self-driving system using data collected in China. The company, led by CEO Elon Musk, plans to process this data locally.

Until recently, Tesla sought approval from Chinese regulators to transfer vehicle data out of the country. The decision to develop a local data center reflects a strategic pivot, according to a report from Reuters.

Tesla has been developing plans for a data center in China to train its autonomous driving algorithms. This move aligns with a broader effort to secure local processing capabilities for its Full Self-Driving (FSD) system, the report further added.

The shift underscores Tesla’s rapid adaptation as it navigates a competitive electric vehicle (EV) market and aims for artificial intelligence (AI) breakthroughs. 

The initiative to leverage Chinese ...

Full story available on Benzinga.com

Stock Information

Company Name: SPDR Select Sector Fund - Consumer Discretionary
Stock Symbol: XLY
Market: NYSE

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