Saudi Aramco and Public Investment Fund Complete Major Artificial Intelligence Partnership Agreement Involving Humain
Saudi Aramco and the Public Investment Fund finalized a landmark transaction in which Saudi Aramco acquired a forty-nine percent stake in national artificial intelligence champion Humain through a wholly owned subsidiary, with the Public Investment Fund retaining fifty-one percent majority control. The agreement includes a cash contribution of nine point nine billion Saudi riyals, equivalent to approximately two point six billion United States dollars, alongside the transfer of advanced computing and digital technology assets to accelerate national artificial intelligence infrastructure expansion toward a target of three gigawatts of data center capacity by two thousand thirty.