Saudi Arabia has launched a new AI company named Humain, chaired by Crown Prince Mohammed bin Salman, as part of its strategy to become a global AI hub. The entity aims to develop and invest in AI technologies and infrastructure.
- Saudi Arabia has launched a multibillion-dollar AI company named Humain, chaired by Crown Prince Mohammed bin Salman.
- Humain will be Riyadh’s key vehicle for driving the kingdom's AI strategy and investments.
- The company aims to develop data centers and advanced Arabic large language models.
- Notable figures from US tech such as Elon Musk and Mark Zuckerberg are expected to attend an investment forum in Riyadh.
- The Public Investment Fund of Saudi Arabia owns Humain and has committed to significant investments in AI technology.
- Previous AI initiatives include the company Alat, which plans to invest $100bn by 2030 on AI advancements.
- The kingdom is focusing on AI to diversify its economy away from oil dependency.
- Other Gulf states like UAE and Qatar are also ramping up their AI ambitions with various initiatives and investments.
- Recent collaborations between US chipmakers and Saudi entities aim to enhance the kingdom's AI infrastructure.
- Prince Mohammed bin Salman had pledged to invest $600bn in US over four years following talks with President Trump.