Reported about 23 hours ago
Saudi Arabia is investing heavily in AI through its home-grown company, Humain, backed by the kingdom's nearly $1 trillion sovereign wealth fund. Humain aims to establish the country as the world's third-largest AI market by leveraging its abundant cheap energy resources to power data centers and large language models. The company has partnered with major tech firms and recently announced a $3 billion deal with Blackstone to expand its capabilities. As part of the Vision 2030 economic plan, Humain seeks to boost the economy amid challenges from declining oil prices and competition from the UAE's AI initiatives.
Source: YAHOO