04:39 AM EDT, 05/17/2024 (MT Newswires) -- Tesla (TSLA) seeks to build a data center in China to power its cars' self-driving capabilities, Reuters reported Friday, citing unnamed people with knowledge of the matter.

According to the sources, the EV maker wants a China data center to develop artificial intelligence algorithms for autonomous vehicles. Such a data center would require Tesla to partner with a local company, the report said.

Tesla Chief Executive Elon Musk discussed the possibility of opening a data center during a meeting with Chinese Premier Li Qiang last month, Reuters said.

The company also held talks with Nvidia ( NVDA ) about buying graphic processing units for a China data center, Reuters reported, citing a source briefed on the talks.

Tesla and Nvidia ( NVDA ) did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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