Aramco buys 49% stake in AI firm Humain for $2.6B

breakingthenews.net1 min read

Saudi Arabia's Public Investment Fund and Aramco have completed a transaction in which Aramco acquired a 49% stake in artificial intelligence company Humain for $2.6 billion. The PIF retains a 51% controlling interest in the firm. The partnership aims to support Humain's planned deployment of 3 gigawatts of AI data center capacity by 2030 and helps advance Saudi Arabia's goal of becoming a global AI hub. Open article →

More on this topic