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)
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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.



US Auto Sales Set to Modestly Rise in First Quarter as Tariffs Signal Bumpy Ride

New vehicles are seen at a parking lot in the Port of Richmond, at the bay of San Francisco, California June 8, 2023. REUTERS/Carlos Barria/File Photo
New vehicles are seen at a parking lot in the Port of Richmond, at the bay of San Francisco, California June 8, 2023. REUTERS/Carlos Barria/File Photo
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US Auto Sales Set to Modestly Rise in First Quarter as Tariffs Signal Bumpy Ride

New vehicles are seen at a parking lot in the Port of Richmond, at the bay of San Francisco, California June 8, 2023. REUTERS/Carlos Barria/File Photo
New vehicles are seen at a parking lot in the Port of Richmond, at the bay of San Francisco, California June 8, 2023. REUTERS/Carlos Barria/File Photo

US auto sales likely inched higher in the first three months of the year on steady demand, data from the carmakers will show on Tuesday, as the industry braces for the fallout of President Donald Trump's latest tariffs.

Market research firm Cox Automotive has estimated that US new-vehicle sales volume increased 0.6% to 3.79 million units in the first quarter from a year earlier.

"Automotive tariffs — now set to take effect on April 2 — might have pulled ahead some vehicle purchases in Q1," said Jessica Caldwell, head of insights at automotive data provider Edmunds.

General Motors pickup trucks and SUVs are expected to help it retain its top spot in the quarter, followed by Toyota Motor's North America unit and Ford, according to Cox, Reuters reported.

Electric-vehicle maker Tesla is also forecast to report a drop in first-quarter vehicle deliveries on Wednesday.

President Trump's move to levy tariffs on US auto imports is widely seen as weighing on consumer sentiment and forcing a rethink on purchases.

The tariffs could also reduce the number of lower-cost imported vehicles on the market, such as Ford's compact Maverick pickup truck, further straining affordability as the average new-vehicle price nears $50,000.

"The potential for higher inflation due to new tariffs at American borders will all potentially hold back new-vehicle sales in 2025," Cox said.

Caldwell said tariffs would likely create challenges for the industry in the second quarter and beyond and expects discounts to be "harder to come by".