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USA Today
21-05-2025
- Automotive
- USA Today
Tesla's self-driving robotaxi test on track to launch in Austin this June: What to know
Tesla's self-driving robotaxi test on track to launch in Austin this June: What to know Show Caption Hide Caption Elon Musk said he will still be Tesla's CEO in 5 years Billionaire Elon Musk is now planning to spend "a lot less" on political contributions in the future. Scripps News Tesla TSLA.O is set to begin a test of its long-promised robotaxi service on schedule in Austin, Texas, by the end of June, Chief Executive Elon Musk said on Tuesday, even as the company faces safety questions from a U.S. regulator. The electric vehicle maker will roll out about 10 self-driving cars in some parts of the city, and scale up to about a thousand within a few months, Musk told CNBC in an interview. "We are actually going to deploy not to the entire Austin region, but only the parts that are the safest." Tesla sales have fallen worldwide with rising competition and as Musk faces a backlash for his right-wing political views and his work for U.S. President Donald Trump. Musk has said he will reduce his work for Trump and focus on Tesla. "My rough plan on the White House is to be there for a couple days, every few weeks, and to be helpful where I can be helpful," he said. In case you missed it: Elon Musk reveals timeline for driverless cars, humanoid robots A successful robotaxi trial is crucial for Tesla as Musk has shifted the company's focus away from building a new, cheaper EV platform to launching the robotaxi service and its Optimus humanoid robots. Much of Tesla's valuation hangs on that bet. "The only things that matter in the long term are autonomy and Optimus," Musk told CNBC. Autonomous vehicle technology has been hard to commercialize, with tight regulations and heavy investments forcing many companies to give up. Those still in the race, including Alphabet's Waymo, have faced increased scrutiny. The National Highway Traffic Safety Administration has been investigating collisions involving Tesla's full self-driving (FSD) advanced driver assistance software in reduced roadway visibility conditions since October. The U.S. road safety regulator asked Tesla last week to answer questions on its paid robotaxi service launch to assess how the cars will perform in poor weather. Tesla is in talks with major automakers to license the FSD software that is expected to underpin its robotaxis, Musk said. To power his broader artificial intelligence vision, Musk's xAI startup has been ramping up its data center capacity to train more advanced models, and its supercomputer cluster in Memphis, Tennessee, called "Colossus," is touted as the world's largest. xAI will deploy a million of Nvidia's NVDA.O advanced Blackwell chips at a new facility near Memphis, Musk said. "So long as Nvidia is better than what we make, we'll keep buying from Nvidia," he said. xAI bought a 1-million-square-foot property in Southwest Memphis, Tennessee, the Greater Memphis Chamber said in March. Musk, who merged xAI with his social media platform X in March, said a merger between Tesla and xAI was not being considered but was "not out of the question," though it would need shareholder approval. Reporting by Akash Sriram in Bengaluru, Abhirup Roy in San Francisco and Juby Babu in Mexico City; editing by Peter Henderson, Deepa Babington and Richard Chang
Daily Maverick
15-05-2025
- Business
- Daily Maverick
Trump says Qatar will invest $10 billion in US airbase
U.S. President Donald Trump said on Thursday that Qatar will invest $10 billion in coming years in the Al Udeid Air Base southwest of the country's capital Doha, the largest U.S. military facility in the Middle East. In a speech to U.S. troops at the base during his tour of the Gulf, Trump also said Qatari defence purchases signed on Wednesday are worth $42 billion. Trump will later head to the United Arab Emirates, where leaders are seeking U.S. help to make the wealthy Gulf nation a global leader in artificial intelligence. The U.S. has a preliminary agreement with the UAE to allow it to import 500,000 of Nvidia's NVDA.O most advanced AI chips a year, starting this year, Reuters reported on Wednesday. The deal would boost the UAE's construction of data centers vital to developing artificial intelligence models. But the agreement has provoked national security concerns among sectors of the U.S. government, and the terms could change, sources said. A string of business agreements has been inked during Trump's four-day swing through the Gulf region, including a deal for Qatar Airways to purchase up to 210 Boeing widebody jets, a $600 billion commitment from Saudi Arabia to invest in the U.S. and $142 billion in U.S. arms sales to the kingdom. The trip has also brought a flurry of diplomacy. Trump made a surprise announcement on Tuesday that the U.S. will remove longstanding sanctions on Syria and subsequently met with Syrian interim President Ahmed al-Sharaa. He urged Sharaa to establish ties with Syria's longtime foe Israel. In Abu Dhabi Trump will meet UAE President Sheikh Mohammed bin Zayed Al Nahyan and other leaders. AI is likely to be a focus of the final leg of Trump's trip. Former President Joe Biden's administration had imposed strict oversight of exports of U.S. AI chips to the Middle East and other regions. Among the Biden administration's fears were that the prized semiconductors would be diverted to China and buttress Beijing's military strength. Trump has made improving ties with some Gulf countries a key goal of his administration. If all the proposed chip deals in Gulf states, and the UAE in particular, come together, the region would become a third power center in global AI competition after the United States and China. Trump had dangled the possibility of making a side trip to Turkey to join Russia-Ukraine talks before returning to Washington, but a U.S. official said on Wednesday that the president would not make that stop.
Reuters
15-05-2025
- Business
- Reuters
Trump heads to UAE as it hopes to advance AI ambitions
DOHA, May 15 (Reuters) - U.S. President Donald Trump was due to end a brief trip to Qatar with a speech to U.S. troops on Thursday then fly to the United Arab Emirates, where leaders hope for U.S. help to make the wealthy Gulf nation a global leader in artificial intelligence. The U.S. has a preliminary agreement with the UAE to allow it to import 500,000 of Nvidia's (NVDA.O), opens new tab most advanced AI chips a year, starting this year, Reuters reported on Wednesday. The deal would boost the country's construction of data centers vital to developing artificial intelligence models. But the agreement has provoked national security concerns among sectors of the U.S. government, and the terms could change, sources said. A string of business agreements has been inked during Trump's four-day swing through the Gulf region, including a deal for Qatar Airways to purchase up to 210 Boeing widebody jets, a $600 billion commitment from Saudi Arabia to invest in the U.S. and $142 billion in U.S. arms sales to the kingdom. The trip has also brought a flurry of diplomacy. Trump made a surprise announcement on Tuesday that the U.S. will remove longstanding sanctions on Syria and subsequently met with Syrian interim President Ahmed al-Sharaa. On Thursday, Trump will address U.S. troops at the Al Udeid Air Base, which is in the desert southwest of Doha and hosts the largest U.S. military facility in the Middle East. He then flies to Abu Dhabi to meet with UAE President Sheikh Mohammed bin Zayed Al Nahyan and other leaders. AI is likely to be a focus for the final leg of Trump's trip. Former President Joe Biden's administration had imposed strict oversight of exports of U.S. AI chips to the Middle East and other regions. Among the Biden administration's fears were that the prized semiconductors would be diverted to China and buttress Beijing's military strength. Trump has made improving ties with some Gulf countries a key goal of his administration. If all the proposed chip deals in Gulf states, and the UAE in particular, come together, the region would become a third power center in global AI competition after the United States and China. Trump had dangled the possibility of making a side trip to Turkey to join Russia-Ukraine talks before returning to Washington, but a U.S. official said on Wednesday that the president would not make that stop.
Yomiuri Shimbun
15-05-2025
- Business
- Yomiuri Shimbun
US Close to Letting UAE Import Millions of Nvidia's AI Chips, Sources Say
Reuters A smartphone with a displayed NVIDIA logo is placed on a computer motherboard in this illustration taken March 6, 2023. NEW YORK/DUBAI, May 14 (Reuters) – The U.S. has a preliminary agreement with the United Arab Emirates to allow it to import 500,000 of Nvidia's NVDA.O most advanced AI chips per year, starting in 2025, two sources familiar with the situation said, boosting the Emirates' construction of data centers vital to developing artificial intelligence models. The sources, who spoke on condition of anonymity, said the agreement was at least through 2027, but that there was a chance it could be in place until 2030. The draft deal called for 20% of the chips, or 100,000 of them per year, to go to UAE's tech firm G42, while the rest would be split among U.S. companies with massive AI operations like MicrosoftMSFT.O and Oracle ORCL.N that might also seek to build data centers in the UAE, the sources said. They said the agreement is still being negotiated and could change before being finalized. One source said the deal, elements of which were first reported by the New York Times, faced growing opposition in the U.S. government over the past day. The Biden administration issued restrictions on AI chip exports to control the flow of the sophisticated processors worldwide, in part to keep the prized semiconductors from being diverted to China, where they could bolster Beijing's military. U.S. President Donald Trump this week is on a tour of the Gulf region and on Tuesday announced $600 billion worth of commitments from Saudi Arabia, including deals to buy large quantities of chips from Nvidia, Advanced Micro Devices AMD.O and Qualcomm QCOM.O. Trump has made improving ties with some Gulf countries a key goal of his administration. The chips in the UAE deal that would go to G42 would represent a tripling or quadrupling, in terms of compute power, that would have been available to the UAE under rules put in place by the administration of former President Joe Biden. The Trump administration said last week it planned to rescind that regulation. At present, the vast majority of AI computing power is deployed in the United States and China. If all the proposed deals in Gulf states, and the UAE in particular, come together, the region would become a third power center in global AI competition. The U.S. Commerce Department, which oversees export controls, did not have a comment. The White House, G42 and the United Arab Emirates did not have an immediate comment. Nvidia declined to comment. Abu Dhabi sovereign wealth fund Mubadala, the UAE's ruling family and U.S. private equity firm Silver Lake hold stakes in G42. The tech holding group's chairman, Sheikh Tahnoon bin Zayed Al Nahyan, is the UAE national security adviser and brother of the Emirates' president. The preliminary agreement also aims to promote data centers in the U.S. It currently says that for every facility G42 builds in the UAE, it must build a similar one in the U.S., the sources said. One of the sources said the definition of what is an advanced AI chip would be figured out in a separate working group that will be created later, along with security requirements. The proposed numbers of chips are for the most advanced graphics processing units, one of the sources said. As of now, that could refer to Nvidia Blackwell chips, which are more powerful than the previous generation of Hopper chips, or Nvidia's forthcoming Rubin chips, which are more powerful than both of their predecessors.
Reuters
14-05-2025
- Business
- Reuters
Nvidia-backed CoreWeave beats first-quarter revenue estimate
May 14 (Reuters) - CoreWeave (CRWV.O), opens new tab on Wednesday beat Wall Street estimate for quarterly revenue in its first set of results as a public company, signaling strength in demand for the Nvidia-backed (NVDA.O), opens new tab AI cloud computing startup's services. The company reported revenue of $981.6 million during the first quarter, compared with analysts' average estimate of $852.9 million, according to data compiled by LSEG.
