Saudi Aramco has acquired a 49% stake in HUMAIN, an artificial intelligence company established by Saudi Arabia’s Public Investment Fund. The company will provide $2.6 billion in cash, along with AI, computing and digital assets. The Public Investment Fund will retain 51% ownership and control of the company, which is valued at approximately 9.9 billion Saudi riyals. The partnership will support next-generation data centers, industry-specific AI solutions and the Arabic multimodal large language model ALLaM. HUMAIN aims to deploy 3 gigawatts of AI data center capacity by 2030.
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