According to PANews, Elon Musk recently announced on an undisclosed platform that Tesla will spend approximately $10 billion this year on joint training and inference of artificial intelligence, primarily for the automotive sector.

In related news, Musk's AI company, known as xAI, is nearing the completion of a $6 billion funding round, with participation from Sequoia Capital. The investment will further bolster Tesla's commitment to integrating advanced AI technologies into its automotive operations.