Tesla Plans $25 Billion AI Spending Boost

Tesla intends to invest an additional $25 billion this year, primarily to fuel Elon Musk's ambitious artificial intelligence initiatives. This significant capital injection is expected to support the company's expansion in AI development and potentially advanced chip manufacturing. Intel's shares saw a notable increase following their commitment to assist Musk's Terafab project, indicating broader industry support for these high-tech endeavors. Additionally, Lyft's CEO shared insights into the company's international expansion strategy, highlighted by their acquisition of the London black cab app Gett.