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

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…

Saudi's Humain invests $3 bn in Elon Musk's xAI

Saudi Arabia’s state-backed artificial intelligence firm Humain said Wednesday it had invested $3 billion in US billionaire Elon Musk’s xAI. The investment made Humain a “significant minority shareholder”, the company said in a statement. It added that its xAI holdings would be “converted into SpaceX shares” after the rocket company announced it was taking over […] The post Saudi’s Humain invests $3 bn in Elon Musk’s xAI appeared first on Inside…