Tesla Inc (NASDAQ:TSLA) CEO Elon Musk said on Friday that the EV giant plans to purchase chips from Advanced Micro Devices Inc (NASDAQ:AMD) to advance artificial intelligence, in addition to spending over $500 million on hardware from NVIDIA Corp (NASDAQ:NVDA). What Happened: The CEO was responding on X to reports of Tesla investing $500 million to install a Dojo supercomputer in Buffalo, New York. Musk confirmed the news but added that while the investment amount of $500 million is a large sum of money, Tesla will spend more on buying hardware from suppliers including Nvidia. The company is a…