Nvidia CEO says Tesla 'far ahead' in self-driving tech

Nvidia CEO Jensen Huang believes Tesla’s full self-driving (FSD) system is the most advanced system out right now. It also just so happens that Tesla’s FSD is powered by Nvidia's chips.

“Tesla is far ahead in self-driving cars,” Huang said in an exclusive interview with Yahoo Finance.

"One of the things that's really revolutionary about version 12 of Tesla's full self-driving is that it's an end-to-end generative model," Huang added.

"It learns from watching videos — surround video — and it learns about how to drive end-to-end, and using generative AI, predict the path and how to understand and how to steer the car. So the technology is really revolutionary and the work that [Tesla’s] doing is incredible."

Tesla's latest FSD, version 12, is currently in beta mode and was rolled out in 30-day free trials to new owners earlier this year. FSD currently costs $99 a month or $8,000 up-front. Tesla reported in April that FSD had over 1.3 billion cumulative miles driven since its debut in March 2021.

FSD is still considered a Level 2 autonomous system, meaning it requires supervised use, and has been subject to recalls and government inquiries into its capabilities.

In the first quarter, Nvidia reported automotive revenue of $329 million, a small sliver of the $22.6 billion in its data center business but up 17% sequentially and up 11% year over year.

Nvidia CFO Colette Kress said on the company’s earnings call she expects automotive to be the “largest enterprise vertical within [the] Data Center [segment] this year,” and a potential multibillion-dollar business for the company.