Saudi Prince Launches AI Venture as Tech Leaders Converge for Investment Forum
In a significant move to bolster its artificial intelligence sector, Saudi Arabia, under the leadership of Mohammed bin Salman, has launched a new AI company named Humain. This initiative aims to establish a robust AI infrastructure within the country, with plans including the construction of advanced data centers. The Public Investment Fund (PIF) is funding Humain. The PIF manages assets worth approximately $940 billion.
This announcement coincides with the arrival of prominent tech figures such as Elon Musk, Sam Altman, and Mark Zuckerberg in Saudi Arabia. They are scheduled to attend a U.S.-Saudi investment forum this Tuesday, where artificial intelligence is expected to be a central topic of discussion. Former President Donald Trump is also slated to visit the country this week as part of a broader regional tour.
The establishment of Humain reflects Saudi Arabia’s ambition to diversify its economy beyond oil. The PIF is central to this strategy, seeking opportunities in technology and other sectors.
Several American tech giants have increasingly turned to the PIF as a valuable source of capital. Recently, companies like Google and Salesforce have collaborated with the PIF on various AI projects and investments, highlighting the growing importance of Saudi Arabia as a player in the global AI landscape.
