<ul><li>Elon Musk's companies, Tesla and xAI, are estimated to spend $10 billion on AI compute capacity in 2024.</li><li>Tesla has deployed a 29,000 unit Nvidia H100 cluster for training, with plans to have 85,000 H100 equivalent capacity by December.</li><li>xAI has assembled the Memphis supercomputer, running on 100,000 Nvidia's H100 GPUs, aiming to build the world's most powerful AI by December.</li><li>While Musk's efforts are falling behind deep-pocketed rivals, such as Microsoft and OpenAI, who are also investing heavily in AI compute capabilities.</li></ul>

Elon Musk reportedly will blow $10 billion on AI this year

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