Tareq Amin, chief govt officer of Humain, in the course of the US-Saudi Funding Discussion board on the Kennedy Heart in Washington, DC, US, on Wednesday, Nov. 19, 2025. The US-Saudi Funding Discussion board 2025 brings collectively visionaries, leaders, and changemakers shaping the way forward for world funding. Photographer: Stefani Reynolds/Bloomberg through Getty Pictures
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Saudi Arabia’s Humain, the dominion’s synthetic intelligence firm, mentioned Wednesday it had invested $3 billion in Elon Musk’s xAI as part of its Collection E funding spherical simply previous to its acquisition by SpaceX.
The funding made Humain a “important” minority shareholder, with its xAI holdings transformed into SpaceX shares, it mentioned.
Saudi Arabia is boosting its synthetic intelligence ambitions because it seeks to capitalize on the rising demand for compute capability and diversify income sources away from oil.
The funding builds on the partnership introduced between Humain and xAI in November on the U.S.-Saudi Funding Discussion board the place each companies mentioned they’d collectively develop 500 megawatts of AI knowledge middle infrastructure.
In January, xAI mentioned it raised $20 billion in an upsized Collection E funding spherical as the corporate ramps up deployment of latest fashions and infrastructure to get forward of rivals OpenAI and Anthropic.
A month after the fundraise announcement, Musk’s SpaceX acquired xAI in an enormous consolidation transfer that mixes the billionaire’s synthetic intelligence startup together with his area and rocket agency.
