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Saudi Aramco Acquires 49% Stake In HUMAIN, Commits $2.6B To AI Expansion

Published by Forbes Middle East · UAE 10 d ago
Saudi Aramco Acquires 49% Stake In HUMAIN, Commits $2.6B To AI Expansion
Forbes Middle East

Detailed summary

HUMAIN aims to deploy 3 GW of AI data center capacity by 2030. Image by Micheal.Ka / Shutterstock Saudi Aramco has acquired a 49% stake in artificial intelligence (AI) company…

Saudi Aramco has acquired a 49% stake in artificial intelligence (AI) company HUMAIN, with Saudi Arabia's Public Investment Fund (PIF) retaining a 51% controlling interest, as the two entities consolidate their AI assets and capabilities to support plans to deploy 3 gigawatts (GW) of data center capacity by 2030, according to a statement released Sunday.

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