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The National
25 minutes ago
- The National
Tesla signs $16.5bn chip deal with Samsung as Musk targets next-gen AI chips
Tesla has signed a $16.5 billion agreement with Samsung Electronics to source chips in a move expected to boost the South Korean tech giant's loss-making contract manufacturing business, according to reports. The electric vehicle maker's chief executive Elon Musk confirmed a deal, saying that 'the strategic importance of this is hard to overstate'. The chips will be manufactured at Samsung's upcoming fabrication plant in Taylor, Texas, with the facility likely dedicated to producing the electric vehicle maker's next-generation AI6 chip, reported Reuters. Mr Musk added that Tesla would assist Samsung in improving manufacturing efficiency and plans to 'walk the line personally' to accelerate progress at the fab, located near his Texas residence. Samsung had previously announced the deal without naming the client, citing confidentiality. However, three sources confirmed to Reuters that Tesla is the customer. The deal will run through the end of 2033. Samsung shares jumped more than 4 per cent after the news broke, amid hopes the partnership could revive its foundry division, which Reuters reports has posted losses of more than $3.63 billion in the first half of this year. Analysts say Samsung has struggled to keep pace with rivals like TSMC and SK Hynix in producing advanced AI chips, and the Tesla deal could help restore credibility and competitiveness to its semiconductor operations. The agreement also signals a shift in global chip dynamics, as the US works to reduce its reliance on Taiwan and China by investing in domestic semiconductor production. For consumers, the tie-up could accelerate the rollout of smarter, AI-powered Tesla vehicles, potentially with greater onboard computing and autonomy. Economically, the deal strengthens both Tesla's supply chain resilience and Samsung's role in the race to power next-generation AI infrastructure. Wider supply chains For Gulf countries that are investing heavily in semiconductors and artificial intelligence, the move underscores the importance of establishing strategic partnerships within the global chip supply chain. In May, the UAE and US launched the AI Acceleration Partnership, which includes plans for a 5-gigawatt AI campus in Abu Dhabi, known as Stargate UAE. The agreement enables the UAE to obtain advanced CPUs and GPUs from US companies, which are essential for building up domestic AI infrastructure. UAE officials said the deal as part of a trusted strategic partnership. 'The UAE welcomes President Trump's AI Action Plan and is ready to fast-track our strategic AI partnership with the US,' Yousef Al Otaiba, UAE Minister of State and ambassador to the US, said last Wednesday. He added that the UAE is 'working closely with leading US companies to adopt and scale American technology in the UAE and beyond.'
Channel Post MEA
an hour ago
- Channel Post MEA
Presight And Abu Dhabi Police Join Hands For AI-enabled Law Enforcement
Presight has entered a strategic cooperation agreement with Abu Dhabi Police General Headquarters (GHQ) to develop cutting-edge artificial intelligence technologies for law enforcement. During a signing ceremony, Presight and Abu Dhabi Police jointly expressed their shared commitment to use AI to enhance law enforcement capabilities, advance public safety, and foster the development of secure, intelligent urban environments. Attending the ceremony was His Excellency Ahmed Saif bin Zaitoon AlMheiri, Commander-General of Abu Dhabi Police, His Excellency Mansoor Al Mansoori, Member of the Abu Dhabi Executive Council, Chairman of the Department of Health – Abu Dhabi, and Vice Chairman of Presight; Thomas Pramotedham, CEO of Presight; and Dr Adel Al Sharji, COO of Presight, and Mohammed AlMheiri, Chief Business Officer – Public Safety & Security. The collaboration aims to integrate the capabilities of Presight's AI-Policing Suite – a modular, future-ready solution that leverages Generative AI, AI agents, and advanced data analytics – with Abu Dhabi Police's operational excellence to address modern challenges in policing and smart city development. The partnership will accelerate the deployment of intelligent systems that enable proactive crime prevention, real-time threat detection, digital forensics, and predictive analytics. Major General/Engineer Nasir Sultan Al-Yabhouni, Director of the Leadership Affairs Sector at Abu Dhabi Police, said: 'Our partnership with Presight helps us benefit from world-leading artificial intelligence technologies that will enhance our policing capabilities and take them to new heights. This collaboration supports our efforts to maintain public safety through innovation, which means strengthening our officers' ability to respond faster, make smarter decisions, and make Abu Dhabi a safer and more secure place.' Mohammed AlMheiri, Chief Business Officer – Public Safety & Security, Presight, said: 'This strategic agreement marks a pivotal moment in the evolution of AI-driven public safety. Presight, together with Abu Dhabi Police, are enabling a new era of proactive, data-driven law enforcement, which will drive a shift towards applied intelligence-led policing defined by enhancements in decision-making and operational agility. Our platform's intelligent digital investigator, real-time threat detection, and predictive analytics capabilities empower officers to anticipate and respond to challenges with unprecedented speed and precision. Together, we are shaping a future where cities are not only smarter, but fundamentally safer.' This strategic alliance supports the transformation of public safety infrastructure, enabling enhanced decision-making and streamlined emergency response. The joint efforts will also explore innovative models to modernize law enforcement practices, emphasizing ethical AI usage and data-driven policing. The partnership is a significant step forward in realizing Abu Dhabi's vision of a future-ready, AI-enabled smart nation, reinforcing its position as a global leader in technology adoption and urban safety.
Tahawul Tech
an hour ago
- Tahawul Tech
Presight and Abu Dhabi Police to advance AI-driven policing, smart city innovation
The partnership will accelerate the deployment of intelligent systems that enable proactive crime prevention, real-time threat detection, digital forensics, and predictive analytics. Dubai — Presight, a leading global AI and big data analytics company, has entered a strategic cooperation agreement with Abu Dhabi Police General Headquarters (GHQ) to develop cutting-edge artificial intelligence technologies for law enforcement. During a signing ceremony, Presight and Abu Dhabi Police jointly expressed their shared commitment to use AI to enhance law enforcement capabilities, advance public safety, and foster the development of secure, intelligent urban environments. Attending the ceremony were His Excellency Ahmed Saif bin Zaitoon AlMheiri, Commander-General of Abu Dhabi Police, His Excellency Mansoor Al Mansoori, Member of the Abu Dhabi Executive Council, Chairman of the Department of Health – Abu Dhabi, and Vice Chairman of Presight; Thomas Pramotedham, CEO of Presight; and Dr Adel Al Sharji, COO of Presight, and Mohammed AlMheiri, Chief Business Officer – Public Safety & Security. Major General/Engineer Nasir Sultan Al-Yabhouni, Director of the Leadership Affairs Sector at Abu Dhabi Police, said: 'Our partnership with Presight helps us benefit from world-leading artificial intelligence technologies that will enhance our policing capabilities and take them to new heights. 'This collaboration supports our efforts to maintain public safety through innovation, which means strengthening our officers' ability to respond faster, make smarter decisions, and make Abu Dhabi a safer and more secure place.' The collaboration aims to integrate the capabilities of Presight's AI-Policing Suite – a modular, future-ready solution that leverages Generative AI, AI agents, and advanced data analytics – with Abu Dhabi Police's operational excellence to address modern challenges in policing and smart city development. Mohammed AlMheiri, Chief Business Officer – Public Safety & Security, Presight, said: 'This strategic agreement marks a pivotal moment in the evolution of AI-driven public safety. Presight, together with Abu Dhabi Police, are enabling a new era of proactive, data-driven law enforcement, which will drive a shift towards applied intelligence-led policing defined by enhancements in decision-making and operational agility. Our platform's intelligent digital investigator, real-time threat detection, and predictive analytics capabilities empower officers to anticipate and respond to challenges with unprecedented speed and precision. Together, we are shaping a future where cities are not only smarter, but fundamentally safer.' This strategic alliance supports the transformation of public safety infrastructure, enabling enhanced decision-making and streamlined emergency response. The joint efforts will also explore innovative models to modernise law enforcement practices, emphasising ethical AI usage and data-driven policing. The partnership is a significant step forward in realizing Abu Dhabi's vision of a future-ready, AI-enabled smart nation, reinforcing its position as a global leader in technology adoption and urban safety.
