Saudi Oil Giant Backs Local Computer Hubs To Keep Work Home
Aramco bought 49% of Saudi AI company Humain for $2.6 billion, backing a plan to build giant data centers by 2030 that could keep more of the kingdom's AI work at home. Key Takeaways Aramco took a 49% stake in Humain and contributed about $2.6 billion in cash and AI assets while PIF retained 51% The transaction is complete and ties Aramco's capital, assets and talent to Humain's expansion plans…
Saudi Aramco has acquired a 49% stake in the AI company Humain for $2.6 billion, signaling a commitment to developing domestic data centers by 2030. This move, backed by the Saudi Investment Fund (PIF), aims to create a fully integrated AI ecosystem within the kingdom, encompassing data centers, high-performance computing, advanced models, applications, and industry tools.
Aramco's investment extends beyond cash, as it is transferring AI-related capabilities to Humain, including people, equipment, and projects. The deal sets a target of 3 gigawatts of AI data center capacity by 2030, a significant milestone in the kingdom's push to reduce its dependence on foreign AI cloud services. This infrastructure investment underscores Saudi Arabia's broader strategy to drive AI development domestically, moving beyond mere branding to actual ownership and control of AI resources.
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