Saudi Prince Launches AI Venture with Tech Leaders in Attendance

Saudi Arabia Invests in Artificial Intelligence with New Company, Humain

Mohammed bin Salman, the Crown Prince of Saudi Arabia, has initiated the establishment of an artificial intelligence firm named Humain.

This strategic move is designed to significantly strengthen Saudi Arabia’s position within the rapidly evolving artificial intelligence landscape.

Focus on Infrastructure Development

A key objective for Humain will be the expansion of the nation’s AI infrastructure.

This includes plans for the development and construction of advanced data centers to support AI operations.

High-Profile Investment Forum

The announcement coincides with an upcoming U.S.-Saudi investment forum scheduled for Tuesday.

Notable figures anticipated to attend include Elon Musk, Sam Altman, and Mark Zuckerberg, with AI expected to be a primary topic of discussion.

Furthermore, former President Donald Trump is also scheduled to visit Saudi Arabia this week as part of a broader regional tour.

Financial Backing and Diversification Goals

Humain receives its funding from Saudi Arabia’s Public Investment Fund (PIF).

The PIF, with approximately $940 billion in assets under management, is central to Crown Prince Mohammed bin Salman’s vision for diversifying the Saudi Arabian economy.

This diversification aims to reduce the nation’s reliance on revenue generated from the oil industry.

Attracting Tech Investment

The PIF has become an increasingly important source of capital for major American technology companies.

Recent collaborations include partnerships with Google and Salesforce, both focused on AI-related projects and strategic investments.

These partnerships demonstrate the growing interest in leveraging the PIF’s financial resources to advance AI technologies.