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A report from CNBC a day ago suggested that Tesla is going to buy new AI chips from manufacturer AMD. As soon as the report hit the web, it caught like wildfire and was covered by all major technology sites.

The news even had a slight impact on the stock price of AMD. Hours later, AMD came out of the blue and confirmed that the CNBC report is completely false. It’s not even a rumor because they have no such plans to associate with a car company in order to make AI processors.

AMD recently came out with the Ryzen processors for computers which are doing extremely well and are the most core-rich processors any PC enthusiast could buy. While the competition against Intel is going on a hard run, there is no reason for them to focus in the automobile industry.

It was supposed to boost self-driving, make the car more aware of the surroundings and more powerful so that it can process multiple tasks at once.  While Tesla is obviously going to make autonomous driving the norm in a couple of years, they may not do it with AMD chips which is what the company wanted to reiterate to the rumor triggered by the popular channel.

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