Aramco takes 49% stake in Saudi AI company HUMAIN for $2.6 billion plus assets
Photo: Crypto Briefing
The oil giant pairs cash with AI, computing and digital assets as PIF keeps majority control of the kingdom's flagship AI venture Saudi Aramco, the company best known for pulling oil out of the ground, now owns a big slice of a Saudi artificial intelligence company. It has acquired a 49% stake in HUMAIN , the AI firm set up by the kingdom’s Public Investment Fund. Aramco will put in $2.6 billion in cash, along with AI and digital assets. The research findings put the deal’s value at approximately SAR 9.9 billion, or $2.6 billion.
Source: Crypto Briefing
