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Elon Musk says Tesla’s mega AI chip ‘Terafab’ project to launch in 7 days

Tesla is designing its fifth-generation AI chip to power its autonomous ambition

Reuters
Reuters

14 March, 2026

Elon Musk says Tesla’s mega AI chip ‘Terafab’ project to launch in 7 days

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Elon Musk announced Tesla's "Terafab" project for manufacturing AI chips will launch in seven days. This initiative addresses Tesla's growing demand for AI chips to power autonomous driving, exceeding current supplier capacity. Tesla may partner with Intel but currently collaborates with TSMC and Samsung. Musk previously suggested Tesla might need a massive chip fab to meet production needs.

Tesla Elon Musk said on Saturday that the company’s Terafab project to make artificial intelligence chips will launch in seven days.

Musk had said last year that Tesla probably will have to build “a gigantic chip fab” to make artificial intelligence chips.

Tesla is designing its fifth-generation AI chip to power its autonomous ambitions, and Musk at the company’s annual meeting last year laid out potential manufacturing plans.

Musk had said at the time that the EV maker could work with Intel and said, “You know, maybe we’ll, we’ll do something with Intel.”

“We haven’t signed any deal, but it’s probably worth having discussions with Intel,” he had said.

Tesla did not immediately respond to a Reuters request seeking more details about the project.

Musk has teased the AI5 chip before and reiterated that Tesla was also partnering with Taiwan’s TSMC and South Korea’s Samsung. The AI chips power Tesla’s autonomous driving systems, including the Full Self-Driving software.

“Even when we extrapolate the best-case scenario for chip production from our suppliers, it’s still not enough,” Musk said last year, at Tesla’s AGM.

“So I think we may have to do a Tesla terafab. It’s like giga but way bigger. I can’t see any other way to get to the volume of chips that we’re looking for. So I think we’re probably going to have to build a gigantic chip fab. It’s got to be done,” he said.

​​Fujairah contains fire incident following drone interception

A fire caused by debris from an intercepted drone was contained in Fujairah on Saturday, authorities confirmed, with no injuries reported.

Gulf Business
Gulf Business

14 March, 2026

​​Fujairah contains fire incident following drone interception

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A fire broke out in Fujairah, UAE, caused by debris from an intercepted drone. Civil defense teams contained the blaze, with no injuries reported. Authorities confirmed the fire stemmed from the interception, not a direct drone strike, and emergency teams remain on site for precautionary measures.

Authorities say debris from an intercepted drone caused a fire in the UAE emirate of Fujairah on Saturday, which has since been contained with no injuries reported.

In a statement, the Fujairah Media Office said the fire occurred after debris from the intercepted drone landed in the area.

Civil defence teams responded quickly to the scene and were able to contain the fire, authorities said.

No injuries have been reported.

Emergency and civil defence teams remain on site to ensure the situation is fully under control and to carry out precautionary measures.

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F1 set to cancel Bahrain and Saudi Arabia grands prix — reports

Next month’s Bahrain and Saudi Arabia Formula 1 races are set to be called off due to the Middle East conflict, with a formal decision expected within days

Gareth van Zyl
Gareth van Zyl

14 March, 2026

F1 set to cancel Bahrain and Saudi Arabia grands prix — reports
Image: Getty Images

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Due to the Middle East conflict, Formula 1 is reportedly cancelling the Bahrain and Saudi Arabian Grands Prix scheduled for April. Logistical deadlines and safety concerns drive the decision, potentially costing over £100m. The cancellation reduces the season to 22 races, creating a five-week gap after the Japanese Grand Prix. Alternative venues were considered, but logistical constraints make replacements unlikely.

Formula 1 is set to cancel next month’s Bahrain and Saudi Arabian Grands Prix amid the current conflict in the Middle East, according to multiple media reports.

The two races, which were scheduled for April, are expected to be formally called off before the end of the weekend, although organisers had not yet issued an official announcement at the time of writing.

According to the BBC, the Bahrain Grand Prix in Manama was scheduled for April 12, followed by the Saudi Arabian Grand Prix in Jeddah the following weekend. If cancelled, the move would reduce the 2026 Formula 1 season to 22 races instead of the planned 24.

Sources cited by Reuters said the decision was effectively inevitable given the operational deadlines facing the sport. Freight required for the events must begin shipping soon, with March 20 seen as a key logistical cut-off date.

“With no sign of the conflict between the US/Israel and Iran coming to a conclusion, holding the races would put personnel at too great a risk,” the BBC reported, citing individuals familiar with the situation.

Sky Sports also reported that the races — originally scheduled for April 10–12 in Bahrain and April 17–19 in Saudi Arabia — were likely to be called off this weekend due to the ongoing conflict.

The cancellation would have a financial impact on the sport.

Bahrain and Saudi Arabia are understood to pay some of the highest hosting fees on the Formula 1 calendar, and the BBC reported that the commercial hit could exceed £100m, with losses shared between the teams and Formula 1’s commercial rights holder.

Alternative venues have reportedly been briefly considered, including Portimão in Portugal, Imola in Italy, and Istanbul Park in Turkey, circuits that hosted races during the disrupted 2020 Covid-19 season. However, there may not be enough time to stage replacement events, particularly given the logistical and financial constraints.

If confirmed, the cancellations would create a five-week gap in the calendar between the Japanese Grand Prix on March 29 and the Miami Grand Prix on May 3.

Despite the disruption, the rest of the Formula 1 season is expected to proceed as planned after the extended break.

Dubai issues new law governing violations, penalties, administrative measures

Violations will be classified into three categories, minor, moderate and serious, to guide the level of administrative penalty imposed

Neesha Salian
Neesha Salian

13 March, 2026

Dubai issues new law governing violations, penalties, administrative measures
Image: Dubai Media Office/ For illustrative purposes

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Dubai's Law No. (6) of 2026, issued by Sheikh Mohammed bin Rashid, regulates administrative violations, penalties, and enforcement. It establishes a framework for government entities, classifying violations into minor, moderate, and serious categories. The law outlines administrative measures like warnings, closures, and license modifications, ensuring proportionality and transparency. It also sets procedures for publishing violations and prioritizes fairness and accountability.

Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has issued Law No (6) of 2026, regulating administrative violations, penalties and enforcement procedures in the emirate.

The law establishes a legal framework governing how government entities impose administrative violations and penalties under Dubai’s legislation.

Under the law, administrative violations must be clearly defined in legislation issued by the relevant authority.

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New Dubai law sets procedures for publishing administrative violations

Violations will be classified into three categories, minor, moderate and serious, to guide the level of administrative penalty imposed.

The legislation also outlines rules governing administrative measures to ensure proportionality and transparency.

Authorities must consider factors such as the seriousness of the violation, its impact on public services and the public interest, whether the offence was repeated or intentional, and any corrective action taken by the offender.

Government entities may impose several administrative measures, including warnings, temporary closure of an establishment for up to six months, permanent closure, cancellation or modification of licences and permits, or the suspension of related projects or activities.

The law also sets procedures for publishing administrative violations.

Authorities must obtain approval from their director general and coordinate in advance with the Government of Dubai Media Office before making violations public.

Implementation decisions will be issued by the chairman of The Executive Council of Dubai. Any provisions in other laws that conflict with the new legislation will be annulled.

The law aims to promote transparency, fairness and accountability while ensuring public services continue without disruption.

It takes effect from the date of its publication in the Official Gazette.

Saudi Aramco says claims it is in talks with Ukrainian firms for drones are “inaccurate”

The Wall Street Journal reported on Thursday that Aramco was in talks with at least two Ukrainian companies to buy interceptor drones

Reuters
Reuters

13 March, 2026

Saudi Aramco says claims it is in talks with Ukrainian firms for drones are “inaccurate”

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Aramco denies reports it's in talks with Ukrainian companies to buy interceptor drones for oilfield defense. This follows a Wall Street Journal report and amid heightened regional tensions, including Iranian threats to energy infrastructure and the Strait of Hormuz. Aramco refuted the claims as inaccurate in a statement to Reuters.

Saudi oil giant Aramco said on Thursday that claims it is in discussions with Ukrainian companies to buy interceptor drones are inaccurate, after a report said it was seeking them to defend its oilfields against aerial attacks.

Iran has responded to the US-Israeli assault against it by targeting energy and other facilities across the region and effectively shuttering the Strait of Hormuz oil transit point, through which a fifth of the world’s oil flows.

“Aramco is aware of recent media reports regarding the company being in discussions with Ukrainian companies regarding the procurement of interceptor drones. These claims are inaccurate,” Aramco told Reuters in a statement.

The Wall Street Journal reported on Thursday that Aramco was in talks with at least two Ukrainian companies to buy interceptor drones to safeguard its oilfields.

US targets China, EU, India in new trade probes

China, the European Union, India, Japan, South Korea and Mexico are among the economies that could face new tariffs by this summer under the investigation of unfair trade practices

Reuters
Reuters

13 March, 2026

US targets China, EU, India in new trade probes
Image: Getty Images

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The US is launching trade investigations into excess capacity and forced labor in multiple countries, including China and the EU, potentially leading to new tariffs. China denies overcapacity, while the EU aims to maintain existing trade deal terms. The probes, initiated after a Supreme Court ruling limited Trump's tariff program, target nations with large trade surpluses and aim to conclude...

US President Donald Trump’s administration said on Wednesday it was launching two trade investigations into excess industrial capacity in 16 major trading partners and into forced labor, rebuilding tariff pressure after the Supreme Court tore down much of Trump’s tariff programme last month.

China, the European Union, India, Japan, South Korea and Mexico are among the economies that could face new tariffs by this summer under the investigation of unfair trade practices, said US Trade Representative Jamieson Greer.

Other partners subject to the excess-capacity probe under Section 301 of the Trade Act of 1974 are Taiwan, Vietnam, Thailand, Malaysia, Cambodia, Singapore, Indonesia, Bangladesh, Switzerland and Norway. Canada, the second-largest U.S. trading partner, was not included.

China said on Thursday the US claim of overcapacity was a “false proposition” and Beijing opposed “political manipulation under this pretext”. China is against all forms of unilateral tariff measures, foreign ministry spokesperson Guo Jiakun said at a regular press conference.

The 27-nation European Union has said it wants to stick to the terms of a deal signed at Trump’s Turnberry golf course last July, and that any new tariffs should reflect the broad 15 per cent overall US levy agreed then.

European Parliament lawmakers, who have repeatedly delayed a vote on that deal, said uncertainty remained.

“Who can guarantee that the final outcome will not mean even higher tariffs for the EU? It is not enough to simply assume – on both sides – that we will end up within the Turnberry framework. We need clarity,” trade committee chair Bernd Lange wrote on X.

Greer told reporters the investigations “will focus on economies that we have evidence appear to exhibit structural excess capacity and production in various manufacturing sectors, such as through larger persistent trade surpluses, or underutilised or unused capacity”.

USTR’s official notice cited the automotive sector in China and Japan, saying a growing number of companies were unprofitable or unable to meet interest payments.

Japan is scrutinising details of the probe but will continue to implement its existing trade agreement with the US, Chief Cabinet Secretary Minoru Kihara told a press conference.

USTR said although China’s electric-vehicle capacity outstrips national demand, top EV maker BYD 1211.HK was “aggressively expanding” its overseas manufacturing footprint, with factories in Uzbekistan, Thailand, Brazil, Hungary and Turkey, and was expected to expand capacity in Europe, where existing automotive plants operate at only 55 per cent of capacity.

Taiwan’s cabinet said in a statement that the agreement on reciprocal trade it signed with the U.S. last month established consensus on many issues potentially covered by the probe. Indonesia said its agreement with the U.S. remained the main guideline in bilateral trade relations.

USTR cited large German and Irish surpluses in goods trade with the United States as evidence of EU excess capacity. It also bemoaned Singapore’s, Norway’s and Switzerland’s hefty surpluses in trade with the US, alongside what it said was evidence of “structural excess capacity and production”.

Greer said he would initiate another Section 301 probe on Thursday, under a provision to ban US imports of goods produced with forced labor. It will cover shipments from more than 60 countries.

The US has already cracked down on solar panels and other goods from China’s Xinjiang region under the Uyghur Forced Labor Prevention Act, signed into law by president Joe Biden.

Greer said he wanted other countries to enforce bans on goods produced with forced labor similar to those enshrined in a nearly century-old trade law.

The US alleges that Chinese authorities have established labor camps for ethnic Uyghur and other Muslim groups. Beijing denies allegations of abuse.

Greer said he hoped to conclude the Section 301 investigations, including proposed remedies, before temporary tariffs imposed by Trump in late February expire in July.

After the Supreme Court struck down Trump’s global tariffs as illegal under a national emergencies law on February 20, he imposed a 10 per cent tariff for 150 days under Section 122 of the Trade Act of 1974.

Public comments on the excess-capacity probe will be accepted through April 15 and a public hearing will be held around May 5.

US Treasury Secretary Scott Bessent is due to meet Chinese counterparts in Paris this week to set the stage for Trump to meet Chinese President Xi Jinping in Beijing at the end of the month.

Trump’s tariffs on Chinese goods were effectively cut by 10 percentage points by the Supreme Court decision and subsequent temporary tariffs, reducing US leverage on China trade and export controls.

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