Saudi Prince Unveils AI Venture as Tech Titans Gather for Summit
▼ Summary
– Saudi Arabia’s Mohammed bin Salman launched an AI company called Humain to strengthen the country’s AI sector, including building data centers.
– Elon Musk, Sam Altman, and Mark Zuckerberg are expected to attend a U.S.-Saudi investment forum where AI will be a key topic.
– President Trump is preparing to visit Saudi Arabia as part of a regional tour this week.
– Humain is funded by Saudi Arabia’s Public Investment Fund (PIF), which has $940 billion in assets and supports the Crown Prince’s economic diversification plans.
– U.S. tech giants like Google and Salesforce have partnered with the PIF on AI-related projects and investments.
Saudi Arabia has taken a bold step into artificial intelligence with the launch of Humain, a new AI venture backed by the country’s sovereign wealth fund. The initiative, spearheaded by Crown Prince Mohammed bin Salman, aims to strengthen the kingdom’s technological capabilities through advanced infrastructure development, including state-of-the-art data centers.
The announcement coincides with high-profile tech leaders gathering for a major investment forum in Saudi Arabia. Industry heavyweights like Elon Musk, Sam Altman, and Mark Zuckerberg are expected to attend, with artificial intelligence likely dominating discussions. The timing is notable as U.S. President Donald Trump prepares for an official visit to the region this week.
Humain’s launch reflects Saudi Arabia’s broader strategy to reduce economic reliance on oil by investing in cutting-edge sectors. The Public Investment Fund (PIF), with nearly $1 trillion in assets, is financing the venture, reinforcing its role as a key player in global tech investments. Major American firms, including Google and Salesforce, have already partnered with PIF on AI initiatives, signaling growing international interest in Saudi-backed innovation.
This move positions the kingdom as a serious contender in the AI race, leveraging its financial resources to compete with established tech hubs. The development also highlights the increasing convergence of geopolitics and technology, as nations vie for influence in shaping the future of artificial intelligence.
(Source: TechCrunch)
