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Mobility

Saudi Arabia moves to build auto industry, unveils 1,111-hp Exobot EV

Saudi Arabia is moving to foster its auto industry through Ceer, its first domestic full-vehicle maker. Ceer unveiled two electric models, the Exobot sedan and SUV, positioning them as part of Vision 2030. The company plans to expand its lineup to seven models by 2030, including hybrids. It is focusing first on the GCC while developing vehicles for fast certification in Europe and North America. Ceer highlighted performance, digital features and local production plans near Jeddah.

Industry

Demand spreads for integrated automotive SoCs combining driving and cockpit functions

Demand is rising for high-performance automotive system-on-chip processors used in domain controllers that handle driver assistance and cockpit functions. As automakers consolidate function-specific electronic control units into domain controllers and central computers, each chip must process more computing workloads. Qualcomm and Nvidia are expanding in a market long led by Renesas and NXP. Korean Tier 1 suppliers are weighing partnerships and in-house chip design as centralised architectures spread.

AI & Enterprise

Skild AI surpasses $100 million ARR 10 months after deploying robot foundation model

Robotics AI startup Skild AI has surpassed $100 million in annual recurring revenue 10 months after commercially deploying a foundation model for robots. CEO Deepak Pathak shared the update on social media platform X and outlined the company’s approach. Skild AI says it has secured more than 60 paid customers across fields including logistics, delivery and operations. Pathak stressed that real-world deployment, iteration and speed matter more than demos.