Saudi Aramco Unveils New Initiatives to Drive Digital Development

Saudi Aramco unveiled on Tuesday new initiatives aimed at driving the development and deployment of advanced digital solutions across its operations. (SPA)
Saudi Aramco unveiled on Tuesday new initiatives aimed at driving the development and deployment of advanced digital solutions across its operations. (SPA)
TT

Saudi Aramco Unveils New Initiatives to Drive Digital Development

Saudi Aramco unveiled on Tuesday new initiatives aimed at driving the development and deployment of advanced digital solutions across its operations. (SPA)
Saudi Aramco unveiled on Tuesday new initiatives aimed at driving the development and deployment of advanced digital solutions across its operations. (SPA)

Saudi Aramco, one of the world’s leading integrated energy and chemicals companies, unveiled on Tuesday new initiatives aimed at driving the development and deployment of advanced digital solutions across its operations.

They were announced during the Global AI Summit (GAIN), which began at the King Abdulaziz International Conference Center in Riyadh.

Aramco's Executive Vice President of Technology & Innovation, Ahmad Al-Khowaiter, said: “New digital technologies such as generative AI and the Industrial Internet of Things are expected to transform not only how we work, but also our commercial environment.”

“Aramco is pioneering the use of these technologies at an industrial scale to add significant value across our operations. Our history of innovation inspires us to continue harnessing emerging technologies and help realize the Kingdom’s ambitions to become a global AI leader,” he added.

During the Global AI Summit, Aramco signed memoranda of understanding (MoUs) with Cerebras Systems and FuriosaAI to explore collaboration in supercomputing and AI. Another MoU with Rebellions focuses on the potential deployment of the company’s Neural Processing Unit chips in Aramco’s data centers to enhance digital infrastructure and drive advanced AI innovations.

Aramco also signed an MoU with SambaNova Systems to explore ways to accelerate AI capabilities, innovation, and adoption across the Kingdom.

In addition, Aramco announced the deployment of an AI supercomputer, one of the first systems of its kind in the region. Powered by some of the most powerful NVIDIA graphical processing units (GPUs), it is designed to accelerate complex computing tasks, such as analyzing drilling plans and geological data to recommend optimal well placement.

Aramco has also collaborated with Qualcomm Technologies on the initial deployment of industrial generative AI solutions on the edge, aimed at enhancing facility monitoring, predictive maintenance, and the use of autonomous drones.

These initiatives are part of Aramco’s broader strategy to adopt cutting-edge digital solutions across its business. This builds on the company’s launch of the Saudi Accelerated Innovation Lab (SAIL) — a national engine to transform innovative ideas into fully functional products — and its Global AI Corridor ecosystem.

Aramco’s approach has led to the creation of its first large language model (LLM) for industrial AI applications and the launch of the Eye on AI Program, which aims to establish robust AI cybersecurity governance, equip users with essential cybersecurity skills, and adapt to the rapidly evolving digital landscape.



Volkswagen Workers to Go on Warning Strikes Across Germany

The Volkswagen logo is displayed on the Volkswagen power plant on the day when Volkswagen AG and the industrial union IG Metall started talks over a new labor agreement for six of its German plants, in Wolfsburg, Germany, September 25, 2024. REUTERS/Annegret Hilse/File Photo
The Volkswagen logo is displayed on the Volkswagen power plant on the day when Volkswagen AG and the industrial union IG Metall started talks over a new labor agreement for six of its German plants, in Wolfsburg, Germany, September 25, 2024. REUTERS/Annegret Hilse/File Photo
TT

Volkswagen Workers to Go on Warning Strikes Across Germany

The Volkswagen logo is displayed on the Volkswagen power plant on the day when Volkswagen AG and the industrial union IG Metall started talks over a new labor agreement for six of its German plants, in Wolfsburg, Germany, September 25, 2024. REUTERS/Annegret Hilse/File Photo
The Volkswagen logo is displayed on the Volkswagen power plant on the day when Volkswagen AG and the industrial union IG Metall started talks over a new labor agreement for six of its German plants, in Wolfsburg, Germany, September 25, 2024. REUTERS/Annegret Hilse/File Photo

Volkswagen workers will go on warning strikes on Monday at plants across Germany, labor union IG Metall said, marking the first large-scale walkouts at Volkswagen's domestic operations since 2018.

The start of the strikes represents a further escalation of a dispute between Europe's top carmaker and its workers over mass layoffs, pay cuts and possible plant closures - drastic measures the company says it cannot rule out in the face of Chinese competition and cooling consumer demand.

Labor representatives at VW had on Nov. 22 voted for limited strikes at German operations from early December after talks over wages and plant closures failed to achieve a breakthrough, Reuters reported.

"If necessary, this will be the toughest collective bargaining battle Volkswagen has ever seen," IG Metall negotiator Thorsten Groeger said in a statement.

The carmaker said it continues to rely on constructive dialogue to find a sustainable solution.

"Volkswagen respects the right of employees to take part in a warning strike," a spokesperson said in reply to the union's announcement, adding that the company had taken steps in advance to ensure a basic level of supplies to customers and minimise the impact of the strike.

Warning strikes in Germany usually last from a few hours.

The union had last week proposed measures it said would save 1.5 billion euros ($1.6 billion), including forgoing bonuses for 2025 and 2026, which Europe's top carmaker dismissed.

Volkswagen has demanded a 10% wage cut, arguing it needs to slash costs and boost profit to defend market share in the face of cheap competition from China and a drop in European car demand.

The company is threatening to close plants in Germany for the first time in its 87-year history.

"Volkswagen has set fire to our collective agreements and instead of extinguishing this fire in three collective bargaining sessions, the management board is throwing open barrels of petrol into it," Groeger said.

An agreement not to stage walkouts had ended on Saturday, IG Metall said, enabling workers to carry out warning strikes from Sunday across VW AG's German plants.

"Warning strikes will start at all plants from Monday. How long and how intensive this confrontation needs to be is Volkswagen's responsibility at the negotiating table," Groeger said.

Labor representatives and management will meet again on Dec. 9 to carry on negotiations over a new labor agreement for workers at the German business - VW AG - with unions vowing to resist any proposals that do not provide a long-term plan for every VW plant.