Saudi Arabia’s artificial intelligence company Humain announced on Wednesday a $3 billion investment in Elon Musk’s xAI, underscoring the kingdom’s growing ambitions in advanced technologies.
Established in May 2025, Humain is majority-owned by Saudi Arabia’s Public Investment Fund (PIF) © Mena Today
Saudi Arabia’s artificial intelligence company Humain announced on Wednesday a $3 billion investment in Elon Musk’s xAI, underscoring the kingdom’s growing ambitions in advanced technologies.
Humain will become a “significant minority shareholder” in xAI, according to a company statement. The acquired stake has been converted into shares of SpaceX, following the recent merger between xAI and Musk’s space company. Founded in 2023 to compete with OpenAI, xAI is preparing for a potential stock market listing as early as this summer.
The two firms had already partnered in November to develop a data center exceeding 500 megawatts in Saudi Arabia. Humain has also strengthened ties with U.S. chipmaker Nvidia after Washington approved the sale of advanced microprocessors to Riyadh.
Established in May 2025, Humain is majority-owned by Saudi Arabia’s Public Investment Fund (PIF), the sovereign wealth fund driving the kingdom’s economic diversification under Vision 2030.
The investment comes at a time of lower oil prices and growing questions over the pace and scale of the country’s mega-projects, including the futuristic city of Neom and luxury developments along the Red Sea coast.
Musk has framed the merger between xAI and SpaceX as part of a broader vision, including plans to deploy AI-focused satellite manufacturing facilities on the Moon and space-based data centers to expand computing capacity.
The deal signals Saudi Arabia’s determination to position itself as a major player in the global AI race, even as it recalibrates elements of its long-term development strategy.
The departure of the chief executive of Dubai port giant DP World is the biggest fallout in the Middle East from U.S. Department of Justice documents which show that disgraced financier Jeffrey Epstein tried to build a powerful network of political figures and business leaders across the region.
A feud between Saudi Arabia and the United Arab Emirates across the Horn of Africa is overshadowing this weekend’s African Union summit, though most of the continent’s leaders will try to avoid taking sides, nine diplomats and experts said.
Saudi Arabia appointed a senior executive at its sovereign wealth fund, Fahd bin Abduljalil bin Ali al Saif, as its new investment minister on Thursday as part of a shift in the Gulf state's far-reaching economic diversification plan.
To make this website run properly and to improve your experience, we use cookies. For more detailed information, please check our Cookie Policy.
Necessary cookies enable core functionality. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.
