特斯拉曾透露正在内部评估整合数千片AI5晶片，以供下一代人工智能模型训练。该评估似乎取得了不错的结果。 当地时间9月7日，特斯拉CEO埃隆•马斯克在社交媒体发帖称， 今天刚和特斯拉AI5芯片设计团队完成一场非常出色的设计评审，称这款芯片将 成为"史诗级"产品，且紧随其后的AI6芯片有望成为迄今为止最出色的AI芯片。 马斯克补充称，他认为AI5可能是对于参数数量低于2500亿的模 型来说最好的推理芯片，"它的硅片成本最低，性能功耗比也最高，AI6会更进一步。" 9月2日，特斯拉正式发布其"宏图计划"第四篇章(Master PlanPart4，简称"宏图计划4")。特斯拉自研芯片是其"宏图计划"的关键一步，这 不仅有望为特斯拉未来核心产品带来性能的显著提升和成本的优化，也使其在软硬件一体化整合上具备了更大优势，少对外部供应商的依 赖，为其自动驾驶技术、机器人产品的快速迭代提供算力基础。 下载财联社APP获取更多资讯 准确 快速 权威 专业 | ( 2.4千 | 1 2.67 | C2 22F | 2 800 | | | --- | --- | --- | --- | --- | | 阿里·谢里夫 � @Zenul ...

Core Insights - Tesla's ambitious AI supercomputer project, Dojo, was expected to be a cornerstone for achieving full self-driving capabilities and transforming Tesla into a trillion-dollar AI giant, with potential valuations reaching $500 billion [1][2] - However, within three weeks of optimistic projections, the Dojo project faced a dramatic turnaround, leading to its termination due to strategic miscalculations and a mass exodus of key personnel [2][21] Group 1: Dojo's Development and Challenges - Dojo was conceived from Tesla's obsession with vertical integration, aiming to eliminate reliance on external suppliers like NVIDIA for AI computing power [3][4] - The project aimed to handle vast amounts of data generated by Tesla's fleet, but its aggressive design overlooked critical memory requirements, leading to performance limitations [9][12] - The D1 chip, a key component of Dojo, was designed with high processing capabilities but lacked sufficient memory, which was essential for training large AI models [10][12] Group 2: Talent Exodus and Project Termination - The departure of key figures, including Ganesh Venkataramanan and Peter Bannon, along with about 20 core engineers, significantly weakened the Dojo project, leading to its abrupt end [19][20][21] - This mass departure was not just a loss of personnel but a critical blow to the project's intellectual capital, making it nearly impossible to continue [21] Group 3: NVIDIA's Dominance - Tesla's attempts to compete with NVIDIA in the AI training chip market were fundamentally flawed, as NVIDIA's established software ecosystem (CUDA) provided a significant competitive advantage [22][25] - Despite promoting Dojo, Tesla continued to rely heavily on NVIDIA's GPUs, indicating that Dojo never became the primary solution for AI training [23][24] Group 4: Strategic Shift to AI6 - Following the termination of Dojo, Tesla announced a new strategy centered around the AI6 "fusion architecture," which aims to combine training and inference capabilities into a single chip [27][29] - This shift reflects a pragmatic approach to resource allocation, focusing on more commercially viable projects like Robotaxi and Optimus robots [26][39] Group 5: Industry Implications - The failure of Dojo serves as a cautionary tale about the challenges of vertical integration in AI hardware, highlighting the difficulties even well-funded companies face when competing against established giants [38] - The situation emphasizes the importance of flexibility and adaptability in AI model development, suggesting that general-purpose GPUs may still be the more effective solution in a rapidly evolving landscape [38][39]

Core Viewpoint - Tesla's dominance in the intelligent driving sector is attributed to its continuous evolution of self-developed driving chips, which have become a key force in reshaping the industry landscape [1][54]. Group 1: Tesla's Early Development and Partnerships - In 2014, Tesla began its journey into intelligent driving by collaborating with Mobileye, utilizing the EyeQ3 chip for its Autopilot 1.0 system [3][6]. - The initial hardware platform HW1.0 was limited by Mobileye's black-box solutions, which restricted Tesla's ability to customize algorithms and utilize data effectively [8][9]. Group 2: Transition to NVIDIA and HW2.0 - After ending its partnership with Mobileye in 2016, Tesla partnered with NVIDIA to develop the HW2.0 system, significantly increasing processing power from 0.256 TOPS to 12 TOPS [10][11]. - HW2.0 featured a "vision-first" approach, utilizing multiple cameras to create a 360-degree view, enhancing the vehicle's environmental perception [14][15]. Group 3: Advancements with HW3.0 and Self-Development - In 2019, Tesla launched the HW3.0 platform with its self-developed Full Self-Driving (FSD) chip, achieving a processing power of 144 TOPS, marking a significant leap in capabilities [21][23]. - The FSD chip's architecture allowed Tesla to optimize chip design according to its algorithm needs, facilitating rapid iterations of intelligent driving features [25][49]. Group 4: HW4.0 and Enhanced Scene Adaptation - The HW4.0 system, introduced in 2023, aimed to address the limitations of HW3.0 in complex urban environments, featuring a new FSD chip with over three times the processing power [30][31]. - HW4.0 reintroduced millimeter-wave radar to improve safety and reliability, enhancing the system's ability to handle diverse driving scenarios [33][34]. Group 5: Future Developments with AI5 and HW5.0 - Tesla's next-generation AI5 chip, expected to achieve 2000-2500 TOPS, is set to redefine the standards for intelligent driving technology [42][46]. - The HW5.0 system is anticipated to begin small-scale deliveries in mid-2025, with plans for mass production in 2026, further solidifying Tesla's leadership in the autonomous driving market [43][46]. Group 6: Synergy with Shanghai Factory - The Shanghai factory plays a crucial role in Tesla's self-developed chip strategy, providing a cost-effective production environment that supports rapid technological iterations [48][50]. - The factory's high localization rate and production efficiency have significantly reduced costs, allowing Tesla to invest more in R&D for intelligent driving technologies [49][52].

Core Viewpoint - Samsung Electronics has secured a significant chip manufacturing agreement worth 22.8 trillion Korean Won (approximately $16.5 billion) with Tesla, which is expected to boost Samsung's revenue and stock price significantly [2][5]. Group 1: Agreement Details - The contract with Tesla represents 7.6% of Samsung's projected revenue for 2024 and will be effective from July 24, 2023, until December 31, 2033 [2]. - Elon Musk confirmed that the order pertains to Tesla's FSD (Full Self-Driving) chips, specifically the AI6 chip, while the AI5 chip is produced by TSMC [3][4]. Group 2: Market Impact - Following the announcement, Samsung's stock rose by 6.8%, reaching its highest level since September of the previous year, while suppliers like Soulbrain saw stock increases of up to 16% [5]. - Tesla's stock also experienced a pre-market increase of 1% after the news [5]. Group 3: Strategic Importance - Musk emphasized the strategic significance of the deal, suggesting that the actual output could exceed the stated contract value [4]. - The agreement is seen as a potential catalyst for Samsung's chip manufacturing business, which has been struggling with underutilization and losses [6][12]. Group 4: Competitive Landscape - Samsung's market share in the global chip foundry sector has declined, with its share dropping from 8.1% to 7.7%, contrasting with TSMC's dominant position of 67.6% [10]. - Both Samsung and TSMC are advancing next-generation semiconductor technologies, including the development of 2nm processes, with this agreement signaling market confidence in Samsung's upcoming manufacturing capabilities [11].

Group 1 - Tesla launched its first Robotaxi service in Austin, Texas, marking a significant step towards becoming an AI company [1][2] - The pilot program operates with approximately 10-20 Model Y vehicles, available for invited users from 6:00 AM to 12:00 AM, charging a fixed fee of $4.20 per ride [1] - Tesla's strategy focuses on "hardware decentralization and scalability," utilizing a "vision + AI" approach with self-developed FSD chips, contrasting with Waymo's high-cost sensor and high-definition mapping strategy [1][2] Group 2 - The Robotaxi pilot signifies the first commercial application of AI in complex real-world environments, with future scalability and safety being critical factors [2] - Tesla's Robotaxi relies on a vision recognition system powered by deep neural networks and the proprietary FSD model, indicating a shift from experimental to practical AI applications [2] - The event serves as a benchmark for the Chinese market, potentially accelerating local smart driving technology and business model iterations while facing competition from Tesla [2]

Core Viewpoint - Tesla is undergoing a significant transformation from an automotive manufacturer to an artificial intelligence company, facing challenges in both its automotive sales and the development of its AI-related business [8][21][24]. Group 1: Financial Performance - Tesla reported its worst quarterly results, with net profit plummeting by 71% and automotive revenue dropping by 20% year-on-year, leading to a state of operational loss [4][26]. - In 2023, Tesla's total vehicle deliveries saw a rare decline of 1%, with revenue growth stagnating at just 1% year-on-year, highlighting the transitional difficulties from automotive to AI [26][49]. Group 2: Market Position and Strategy - Tesla's market valuation has become increasingly decoupled from its actual business progress, as the allure of its AI roadmap has not been matched by tangible advancements in its operations [21][25]. - The company aims to shift its competitive edge from manufacturing to software capabilities, focusing on autonomous driving and robotaxi services, which are expected to drive future profitability [14][16]. Group 3: Product Development Challenges - The highly anticipated Cybertruck has faced multiple production delays, with a significant drop in sales to just 6,406 units in the first quarter of 2023 due to insufficient demand [36][37]. - The Model 2/Q, a budget vehicle aimed at a price point of $25,000, has seen its development timeline extended indefinitely, with no concrete updates on its release [41][44]. Group 4: Competitive Landscape - Tesla's reliance on the Chinese market is increasing, with China being the only market showing positive growth for Tesla in 2024, although its market share has significantly decreased from 15.8% in Q1 2021 to 5.6% in Q1 2023 [49]. - The competitive landscape in the electric vehicle market is intensifying, with numerous alternatives emerging in the same price range as the anticipated Model 2/Q, complicating Tesla's market position [47].

Investment Rating - The report maintains a positive outlook on the humanoid robot industry, emphasizing the importance of software development for commercialization [3][4]. Core Insights - The report identifies that the hardware maturity of humanoid robots is currently higher than that of software, with software being the key to commercialization. It highlights the need for advancements in algorithms, data, and control systems to drive the industry forward [3][5][6]. Summary by Sections 1. Algorithms: The Core of Embodied Intelligence - The algorithm framework is divided into two levels: the upper "brain" focuses on task-level planning and decision-making, while the lower "cerebellum" handles real-time motion planning and joint control [3][11][18]. - The report discusses the evolution of control algorithms, noting a shift from traditional methods to modern approaches like reinforcement learning (RL) and imitation learning (IL) [3][19][29]. - The VLA (Vision-Language-Action) model is highlighted as a significant advancement in upper-level control, enabling robots to understand and execute tasks through natural language processing [3][36][40]. 2. Data: The Foundation of Algorithm Learning - Data quality and diversity are crucial for algorithm performance, with sources categorized into real data, synthetic data, and web data. Real data is the most accurate but least abundant [3][74][76]. - The report emphasizes the importance of remote operation and motion capture technologies for collecting high-quality real data [3][79]. 3. Control Systems: The Foundation of Embodied Intelligence - The control system is described as the "brain" of humanoid robots, consisting of hardware (SoC chips, CPUs, GPUs, NPUs) and software components [3][3][3]. - The report notes that the industry lacks a unified consensus on the structure of the "brain" and "cerebellum" in humanoid robots, which are essential for executing complex algorithms and tasks [3][3][3]. 4. Investment Opportunities - The report identifies several key companies in the humanoid robot industry worth monitoring, including: - Controller segment: Tianzhun Technology, Zhiwei Intelligent, Desay SV [4][4]. - Motion control technology: Huichuan Technology, Xinjie Electric, Leisai Intelligent, Gokong Technology, Tosida [4][4]. - Chip manufacturers: Rockchip, Horizon Robotics [4][4]. - Data collection equipment: Lingyun Optical, Aofei Entertainment [4][4].