Saudi company Humain invests $3 billion in xAI company

BlockBeats News, February 18th. Saudi-backed AI company Humain has invested $3 billion in Elon Musk's AI startup xAI. The statement said Humain has become a "key minority shareholder" in xAI through this investment, which happened shortly before Musk's aerospace company SpaceX acquired xAI. Humain's stake will be converted into shares of SpaceX. This investment solidifies the connection between Musk and Humain. The company was founded last year with the aim of turning Saudi Arabia into an AI powerhouse. The two companies plan to build a 500-megawatt data center in Saudi Arabia. (Jinse)