Saudi Aramco Takes 49% Stake in AI Firm Humain
Saudi Aramco has announced it will take a 49 percent stake in AI firm Humain, committing $2.6 billion. The Public Investment Fund will keep the remaining 51 percent. The investment aims to speed up Humain's growth and its AI work both in the region and worldwide.
Context
Context: Saudi Arabia's Public Investment Fund is a state investor that has backed many large projects as the country diversifies its economy away from oil. Aramco is the state-owned oil giant; Humain is a Saudi AI company, part of a wider Gulf race for AI leadership.
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