Saudi Aramco to acquire significant minority stake in HUMAIN to unify AI efforts with PIF

Aramco becomes co-investor with PIF in Humain

Oil giant to acquire ‘significant minority’ stake  Non-binding term sheet signed on FII sidelines PIF will retain majority holding in AI company Oil giant Saudi Aramco has agreed to acquire a “significant minority” stake in Humain, the artificial intelligence company backed by the Saudi Public Investment Fund. The companies signed a non-binding term sheet on the sidelines of the Future Investment Initiative conference in Riyadh. The proposed dea…

PIF, Aramco to join forces in HUMAIN AI venture

PIF and Aramco will combine their artificial intelligence (AI) programmes and work jointly through HUMAIN The post Aramco to acquire minority stake in AI firm HUMAIN appeared first on Gulf Business.

Saudi Aramco to acquire significant minority stake in HUMAIN to unify AI efforts with PIF

The partnership aims to unify Saudi Arabia’s AI ecosystem by integrating key assets from both organizations, including advanced data centers, AI models, and cloud infrastructure