Saudi Aramco to Acquire 49% Stake in AI Firm Humain for $2.6 Billion
Saudi Aramco takes 49 percent stake in AI firm Humain with $2.6 billion deal
Saudi Aramco has announced it will acquire a 49% stake in Saudi AI company Humain through approximately $2.6 billion in cash and proprietary AI technology. Founded by Saudi Arabia's Public Investment Fund (PIF), Humain operates across data center development, cloud services, and Arabic large language model (LLM) development, with plans to deploy 3 GW of data center computing capacity by 2030. Aramco plans to apply the technology to its own operations and commercialize AI solutions externally, while leveraging its oil infrastructure expertise to bolster data center security.
The report details the transaction size and technological synergies between both parties, illustrating how sovereign capital is driving the deployment of large-scale regional computing power and homegrown foundation models.
Source:The Decoder · the-decoder.com