Aramco Buys 49% Stake in Humain in $2.6bn AI Deal
Aramco, the Saudi energy company, has acquired a 49% stake in Humain in a $2.6 billion AI deal. The deal means Aramco now holds nearly half of Humain, an artificial intelligence company. It shows how energy companies are investing in AI.
Quick glossaryAramco, stake, Humain
- Aramco
- Saudi Arabia's state-owned oil company, among the world's largest oil producers, best known for crude oil.
- stake
- A share of ownership in a company, which a person or firm can buy or sell.
- Humain
- The artificial intelligence company at the centre of this deal, in which Aramco is buying a stake.
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