Elon Musk, CEO of Tesla, signals competition concerns about Nvidia-Arm deal: report

Tesla Chief Executive Elon Musk has signaled concerns about competition over Nvidia’s planned purchase of British chip designer Arm, the Telegraph reported on Saturday, citing several sources.

E-commerce giant Amazon and smartphone maker Samsung also opposed the deal with US officials, the newspaper reported.

Earlier this year, the US Federal Trade Commission opened an in-depth investigation into the acquisition. The investigation’s findings are expected in the coming weeks, according to the newspaper.

Tesla, Amazon, Samsung and Nvidia did not immediately respond to a request for comment from Reuters.

Nvidia will likely seek European Union antitrust approval for the Arm’s purchase early next month for $54 billion (about Rs. 3,96,910 crores), with regulators expected to launch a full-scale investigation after a review preliminary, people familiar with the matter have said.

Last week, Musk said Tesla was working to improve the long-awaited update of its standalone software “as soon as possible”.

Musk tweeted that Full Self-Driving Beta version 9.2 “actually isn’t very good [in my opinion], but the autopilot / AI team is striving to improve as quickly as possible. “

“We are trying to have a single pile for highways and city streets, but that requires a lot of NN (neural network) training.”

Tesla recently came under the scrutiny of US safety regulators, who opened an investigation into its driver’s assistant system because of 11 accidents in which its cars collided with parked police cars and fire trucks.

Incidents dating back to 2018 included one fatal accident and seven that resulted in injuries to 17 people, according to the National Highway Traffic Safety Administration.

The agency “is committed to ensuring the highest standards of road safety in the country,” a spokesman said, and to “better understand the causes of certain Tesla accidents, the NHTSA is opening a preliminary assessment on autopilot systems. from Tesla.”


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