Oil Giant Saudi Aramco Acquires 49% Stake in Saudi AI Firm HUMAIN
2 day ago / Read about 0 minute
Author:小编   

HUMAIN, an AI startup wholly owned by Saudi Arabia's sovereign wealth fund PIF, has announced that Saudi Aramco will acquire a 49% stake in the company, with PIF retaining the remaining 51%. Saudi Aramco completed the investment by transferring key AI assets and injecting approximately 9.9 billion Saudi riyals. Shareholders from both sides will contribute AI assets, capabilities, and talent, and will oversee HUMAIN's business expansion. Saudi Aramco will leverage HUMAIN's AI infrastructure to translate advanced AI capabilities into industrial applications, thereby enhancing its global ecosystem and operational capabilities.

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