Aramco acquires 49% stake in AI company HUMAIN; PIF retains 51%
HUMAIN, an AI startup wholly owned by Saudi sovereign wealth fund PIF, announced that Aramco will acquire its 49% stake, with PIF retaining the remaining 51%. Aramco plans to complete the investment by transferring key AI assets and injecting approximately 9.9 billion Saudi riyals (roughly 175.5 billion RMB) and intends to leverage HUMAIN's AI infrastructure to convert advanced AI capabilities into industrial applications.
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