A major financial move is reshaping Saudi Arabia’s growing role in global artificial intelligence, highlighting deeper ties with leading AI developers.
Saudi Arabia’s state-backed artificial intelligence company Humain has invested $3,000,000,000 in Elon Musk’s xAI. The investment makes Humain a “significant minority shareholder,” the company announced on Wednesday. Following SpaceX’s acquisition of xAI earlier this month, Humain said its stake in xAI will be “converted into SpaceX shares.”
The investment marks a significant step in Saudi Arabia’s broader artificial intelligence ambitions. Humain is backed by the kingdom’s sovereign wealth fund, valued at nearly $1,000,000,000,000, and was launched in May last year as part of Crown Prince Mohammed bin Salman’s Vision 2030 agenda to reduce the country’s dependence on oil.
This deal also builds on an earlier partnership between Humain and xAI, announced in November at a US-Saudi investment forum, signalling a long-term strategic alignment between the two companies.
As part of their collaboration, Humain and xAI are jointly developing 500 megawatts of AI data center infrastructure. The project reflects the rising global demand for large-scale computing power needed to support advanced artificial intelligence systems.
Earlier this year, xAI said it raised $20,000,000,000 in an expanded Series E funding round. The funding is aimed at speeding up the rollout of new AI models and strengthening infrastructure capabilities.
Commenting on the deal, Humain CEO Tareq Amin said the investment reflects the company’s belief in “transformational AI” and its focus on projects with long-term vision and strong technological foundations. He added that Humain works across next-generation data centers, high-performance cloud platforms, advanced AI models, and enterprise-level solutions.
Humain and xAI are also deploying xAI’s Grok models in Saudi Arabia, further deepening their operational collaboration and reinforcing the kingdom’s push to become a global AI hub.
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