Hugging Face's logo
ml-explorer
Profile Inbox (0) Settings Billing Get PRO
Organizations
Demo Org Create New
Resources
Getting Started Documentation Forum Tasks Learn
Back to feed
HuggingNews 
published a story in AI Funding about 16 hours ago

Saudi Aramco Acquires 49% Stake in Humain AI Startup With $2.6B Capital Boost

AI Funding• Business • 4 sources • 4 posts

The Public Investment Fund and Saudi Aramco have restructured their ownership of the artificial intelligence company Humain, with the oil giant acquiring a 49% stake while the sovereign wealth fund retains 51%. To support the startup's growth, Aramco will provide $2.6 billion in cash to Humain in 2026, as well as contributions of digital assets and computing power.

The partnership aims to scale Humain's footprint in the global AI market by combining the capabilities of the kingdom's two largest financial entities. As part of its expansion, the company is targeting the development of 3 GW of data center capacity by 2030.

Sources
  • @amanda_goodall @amanda_goodall ·about 19 hours ago ·Commentary The kingdom's two biggest balance sheets are now behind one AI company, targeting 3 GW of data centres by 2030. Now let's see who they hire to build it. The Public Investment Fund (PIF) and Saudi Aramco have completed a deal under which Aramco, through a wholly owned subsidiary, acquired a 49% stake in HUMAIN, while PIF retains its 51% ownership in the company. Aramco will inject approximately SAR 9.9 billion ($2.6 billion) in cash into HUMAIN in 2026, in addition to contributing AI, computing and digital assets. The deal will accelerate HUMAIN’s growth and help unlock its full potential in the global AI market, with both PIF and Aramco contributing AI assets, capabilities and talent. Show more: https://t.co/vOEgNF5dtJ The kingdom's two biggest balance sheets are now behind one AI company, targeting 3 GW of data centres by 2030.
Read the full story on HuggingNews →
·
amanda_goodall

The kingdom's two biggest balance sheets are now behind one AI company, targeting 3 GW of data centres by 2030.

Now let's see who they hire to build it.

In this story