Saudi Aramco Buys 49% Stake in AI Firm Humain for $2.6B
Saudi Aramco, the Saudi oil giant, is buying a 49 percent share in Humain, a company aiming to make Saudi Arabia a major global hub for artificial intelligence. The deal is worth $2.6 billion and gives Aramco a large stake in Humain.
Quick glossarySaudi Aramco, stake, AI hub
- Saudi Aramco
- The state-owned oil company of Saudi Arabia, best known for producing oil around the world.
- stake
- A share of ownership in a company, which gives the holder a part of its success.
- AI hub
- A central place where many AI companies, skills and investments gather to grow together.
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