they want to get federal funding for chip manufacturing on US soil?
That would be typical of Elon Musk to get some federal funding $$$$$
but Elon can make it work on par if not better than nVidia, just because Tesla can hardcode and overoptimize for one single task (FSD AI), while nVidia will always be limited in keeping their chips generic enough for all purpose NN training/inference and even gaming + backwards compatibility for all historical stuff.
Tesla can work with blank slate and can reap performance benefits over there
That would be typical of Elon Musk to get some federal funding $$$$$
but Elon can make it work on par if not better than nVidia, just because Tesla can hardcode and overoptimize for one single task (FSD AI), while nVidia will always be limited in keeping their chips generic enough for all purpose NN training/inference and even gaming + backwards compatibility for all historical stuff.
Tesla can work with blank slate and can reap performance benefits over there