Saudi Arabia’s ruler, Mohammed bin Salman, launched an AI firm referred to as Humain to bolster the nation’s synthetic intelligence sector. The firm plans to construct out the nation’s AI infrastructure, together with the development of information facilities.
This information arrives as Elon Musk, Sam Altman, and Mark Zuckerberg are anticipated to attend a U.S.-Saudi funding discussion board on Tuesday, the place AI will probably take heart stage. President Trump can also be getting ready to go to the nation this week as a part of a tour of the area.
Humain is funded by Saudi Arabia’s Public Investment Fund (PIF), which manages property price round $940 billion and is a part of the Crown Prince’s ambitions to diversify his nation’s funds past the profitable oil business.
American tech giants have seemed to the rich PIF as a supply of capital. Companies like Google and Salesforce have additionally just lately labored with the PIF on AI-related tasks and investments.
