AI Daily: Tesla, Samsung sign $16.5B deal for AI chips

Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this daily recap compiled by The Fly:

AI CHIPS DEAL: Tesla (TSLA) CEO Elon Musk posted on X, “Samsung’s (SSNLF) giant new Texas fab will be dedicated to making Tesla’s next-generation AI6 chip. The strategic importance of this is hard to overstate. Samsung currently makes AI4. TSMC (TSM) will make AI5, which just finished design, initially in Taiwan and then Arizona.”

Graphjet Technology (GTI) announced that it stands to benefit from the expansion in the semiconductor manufacturing in the United States, where many chip manufacturers have invested, especially in the production of AI Chips. The company said, “Tesla CEO, Elon Musk, made an announcement today that Tesla has signed a $16.5M chipmaking agreement with Samsung which will last until 2033 where Samsung’s fabrication plant in Texas will be dedicated to making the next-generation AI6 inference chips, which is designed for humanoid robots, self-driving cars and AI data centers. With the surging demand for specialized chips, especially AI chips, many manufacturers have been expanding their production capacity, including Taiwan Semiconductor Manufacturing Company (TSM), which has announced its intention to invest in advanced semiconductor manufacturing in the United States by an additional $100B and Nvidia (NVDA) building supercomputers manufacturing plants in Texas.” “As a producer of graphite and graphene, Graphjet stands to benefit from the expansion of the AI chip production as graphite and graphene plays a crucial role in semiconductor manufacturing, particularly in processes requiring high temperature and precise control. The current growth in semiconductor industry in the United States is timely for our planned expansion to build a production plant in Nevada. We have started to generate revenue and have been gaining increasing interest in our product, with growing number of visits by corporate representatives and directors of multinational clients, requests for samples, and more qualification process. The growth in the semiconductor industry will accelerate the growth of our company,” says Chris Lai, CEO of Graphjet.

PREMIER LEAGUE: The English Premier League recently signed deals with Adobe (ADBE) and Microsoft (MSFT) to offer AI-powered tools to fans, including those playing the Fantasy Premier League, The Financial Times’ Josh Noble reports.

ROBOTAXI: Pony AI (PONY) announced that it has received a permit to provide fully driverless commercial robotaxi services of Shanghai’s Pudong New Area. “Pony.ai is among the first companies to receive this approval, making it the only company with fully driverless commercial Robotaxi service permits in all four of China’s tier-one cities – Beijing, Shanghai, Guangzhou, and Shenzhen,” the company said in a statement. Pony AI said it will launch fully driverless ride-hailing services, starting in the core business district of Jinqiao and Huamu before expanding to other regions.