Elon Musk’s xAI Secures $3B Investment From Saudi AI Firm HUMAIN

Elon Musk’s xAI Secures $3B Investment From Saudi AI Firm HUMAIN

Saudi artificial intelligence firm HUMAIN has confirmed a $3 billion Series E investment in xAI just weeks before the startup’s merger with SpaceX. The transaction converts HUMAIN’s xAI stake into SpaceX shares, positioning the Saudi-backed firm as a significant minority shareholder in the newly combined entity. The investment gives HUMAIN exposure to what has been described as one of the largest technology mergers on record, combining xAI’s art…

Humain invests $3B in Elon Musk’s xAI, becomes SpaceX shareholder - Tech Startups

Saudi Arabia just wrote one of the biggest AI checks of the year. Humain, the kingdom’s state-backed artificial intelligence company, said Wednesday it invested $3 billion in xAI as part of the company’s Series E round — just before SpaceX moved […] The post Humain invests $3B in Elon Musk’s xAI, becomes SpaceX shareholder first appeared on Tech Startups.

Saudi’s HUMAIN invests $3B in Elon Musk’s xAI

Saudi Arabia’s AI champion HUMAIN announced its splashiest direct investment yet, putting $3 billion into Elon Musk’s xAI ahead of its recent merger with SpaceX. The PIF-backed fund became “a significant minority shareholder” in xAI, according to a statement from HUMAIN, with its holdings since converted into SpaceX shares. Qatar Investment Authority and Abu Dhabi’s MGX were previously named as investors in the Series E round in January.The deal…