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- Saudi Aramco Acquires 49% of HUMAIN, PIF Retains 51%
Saudi Aramco acquired a 49% stake in AI company HUMAIN, while Saudi Arabia's Public Investment Fund retained the remaining 51%, according to multiple reports citing the announcement. The transaction combines about SAR 9.9 billion in cash, or approximately $2.6 billion, with key AI assets and capabilities; HUMAIN builds data centers, cloud platforms and models including the Arabic model ALLaM. Aramco said it plans to use HUMAIN's infrastructure for industrial AI applications, while the shareholders will contribute assets, capabilities and talent.
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