Tesla working with AMD to develop chip for self-driving car

Tesla isn't completely going it alone in chip development, according to the source, and will build on top of AMD intellectual property.

Electric carmaker Tesla Inc is working with Advanced Micro Devices Inc to develop its own artificial intelligence chip for self-driving cars, CNBC reported on Wednesday, citing a source familiar with the matter. 

AMD spin-off GlobalFoundries Inc chief executive Sanjay Jha said his company is working directly with Tesla, according to the CNBC report.