Report
Saudi Aramco acquires 49% of AI firm HUMAIN
Aramco is contributing $2.6 billion and AI assets, while Saudi Arabia’s Public Investment Fund retains the remaining 51%.
TLDR
The deal brings Saudi Arabia’s state-controlled oil producer into the government’s AI firm as the kingdom taps Aramco to advance its diversification plans. The Public Investment Fund already owns 16% of Aramco. Details of the assets being transferred have not been disclosed, but Aramco is expected to put some AI infrastructure from its Aramco Digital unit into HUMAIN.
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