Saudi Sovereign Wealth Fund-Backed Humain Commits $3B to xAI in Strategic Tech Push

A Saudi Arabia based intelligence company, Humain, has made an investment of $3billion in Elon Musk’s AI as a move to take part of its series E funding round just before its acquisition by Space X.

Humain, which is built to align with Saudi Vision 2030, has the goal to expand the economy of its country to go beyond oil by having a huge investment in technology, AI, and digital services. In attaining this goal, this deal has initiated a stepping stone as Humain becomes a majority shareholder in the company, with its xAI holdings converted into SpaceX shares. 

In the words of CEO Tareq Amin, “While we remain focused on advancing full-stack AI capabilities across infrastructure, models, and solutions, we are also pursuing transformative investments across artificial intelligence, frontier technologies, and critical infrastructure where long-term vision, technical excellence, and execution converge.” 

Humain operates under the Public Investment Fund (PIF) ecosystem as part of its broader move to expand Saudi Arabia’s economy and establish the company as a global hub for artificial intelligence and advanced technologies.

Humain is positioned as a national champion in AI, helping build sovereign AI capabilities within the Middle East. With this funding, there will be an infrastructure partnership which will be built on the existing collaboration with xAI, including a 500MW AI infrastructure project in Saudi Arabia showcasing its role as a strategic development partner and also a global investor in frontier AI technologies. 

Following the transaction, Saudi Arabia's sovereign wealth fund will get exposure to Musk's space exploration business when Humain's ownership of xAI is converted into SpaceX shares.