15 Hrs
Source:
الوئام
_1777294237270_124456903.png&w=64&q=75){kind=small}
Aramco-HUMAIN AI Deal
Saudi Aramco has completed its acquisition of a 49% stake in Humain, while the Public Investment Fund retained a 51% stake, under a partnership aimed at accelerating the company’s growth and strengthening Saudi Arabia’s presence in artificial intelligence. The deal includes cash contributions from Aramco of approximately 9.9 billion riyals during 2026, as well as technology assets. Humain aims to develop data centers with capacity of up to 3 gigawatts by 2030. Aramco said the value it had generated through the use of technology since 2023 amounted to 42.4 billion riyals. The partnership aims to expand computing and AI capabilities and support industrial applications and digital transformation.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)