Saudi Arabia Launches Humain to Boost AI Sector
Saudi Arabia's Public Investment Fund (PIF) has launched a new artificial intelligence company named Humain. This initiative aims to strengthen the nation's AI capabilities and infrastructure, including the development of data centers.
The announcement coincides with a major US-Saudi investment forum focused on AI. High-profile tech leaders like Elon Musk, Sam Altman, and Mark Zuckerberg are expected to attend. President Trump is also scheduled to visit Saudi Arabia this week as part of a regional tour.
Humain and the PIF's Diversification Strategy
Humain is backed by the PIF, which manages approximately $940 billion in assets. The investment in AI aligns with Crown Prince Mohammed bin Salman's vision to diversify the Saudi economy beyond oil.
The PIF has become an attractive source of capital for American tech giants. Companies like Google and Salesforce have recently collaborated with the PIF on AI-related projects and investments.
This move by Saudi Arabia underscores the growing global importance of artificial intelligence and the kingdom's commitment to becoming a key player in this rapidly evolving field.
