Saudi’s HUMAIN invests $3B in Elon Musk’s xAI
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6 Articles
Saudi AI company Humane has announced a massive $3 billion investment in xAI, owned by American billionaire Elon Musk, in a move reflecting a growing rapprochement between Riyadh and one of the world's leading technology pioneers, as the Kingdom seeks to solidify its position as a global power in the artificial intelligence sector.
Saudi society of artificial intelligence (AI) Human announced Wednesday to invest three billion dollars (2.5 billion euros) in Elon Musk's xAI company, reflecting the ambitions in this sector of the powerful Gulf monarchy. ...
Oil-rich states are increasingly relying on artificial intelligence. Saudi Arabia is therefore expanding its relations with tech billionaire Elon Musk.
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…
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