Saudi Aramco Acquires 49% Stake in AI Company Human
Summary
Saudi Aramco has taken a 49% stake in the state-backed AI company Human, with the Public Investment Fund holding the remaining 51%. The deal includes cash, assets and technology support as Human targets major expansion in AI infrastructure and cloud platforms.
Key Points
- Saudi Aramco acquired a 49% stake in the Saudi state-invested AI company Human.
- Saudi Arabia's Public Investment Fund will retain the remaining 51% stake.
- Aramco will invest about 9.9 billion Saudi riyals and provide AI, network and digital assets.
- Human plans to reach 3 gigawatts of AI data center capacity by 2030 and has developed an Arabic-language LLM.
