Aramco acquires 49% stake in Saudi AI firm HUMAIN, PIF keeps 51%
HUMAIN · x · 2026-11-01
Saudi Arabia's PIF announced the closing of a deal in which Aramco, through a wholly owned subsidiary, acquired a 49% stake in AI company HUMAIN, with PIF retaining 51% ownership.
HUMAIN framed the deal as a milestone toward building a globally competitive, full-stack AI ecosystem, marking the oil giant's formal entry as a shareholder in the kingdom's national AI strategy.
More from Companies & People
- Similarweb: X tops social platforms with 13m25s average visit duration in September — elonmusk · 2026-11-01
- diginomica podcast: Oracle AI World and the vendor-customer AI readiness gap — jonerp · 2026-11-01
- Why AI is boosting Meta's ad business while hurting Google search — gaganghotra_ · 2026-11-01
- Marc Andreessen: Harvard Business School was built on a broken 1941 theory — and it's collapsing — elonmusk · 2026-11-01
- banteg slams Anthropic: game preservation projects get original devs' blessing — banteg · 2026-11-01
- Musk claims xAI's capex efficiency is greatly underestimated — RachelVT42 · 2026-11-01