3 days ago
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Reuters
Wed, February 18, 2026 astatine 8:12 AM CST 1 min read
Feb 18 (Reuters) - Saudi Arabia's Humain, the kingdom's artificial quality company, said connected Wednesday it had invested $3 cardinal successful Elon Musk's xAI arsenic a portion of its Series E backing round conscionable anterior to its acquisition by SpaceX.
The concern made Humain a "significant" number shareholder, with its xAI holdings converted into SpaceX shares, it said.
Saudi Arabia is boosting its artificial quality ambitions arsenic it seeks to capitalize connected the growing request for compute capableness and diversify gross sources distant from oil.
The concern builds connected the concern announced betwixt Humain and xAI successful November at the U.S.-Saudi Investment Forum wherever some firms said they would jointly make 500 megawatts of AI information halfway infrastructure.
In January, xAI said it raised $20 cardinal successful an upsized Series E backing circular arsenic the company ramps up deployment of caller models and infrastructure to get up of competitors OpenAI and Anthropic.
A month aft the fundraise announcement, Musk's SpaceX acquired xAI successful a monolithic consolidation determination that combines the billionaire's artificial intelligence startup with his abstraction and rocket firm.
(Reporting by Zaheer Kachwala successful Bengaluru; Editing by Vijay Kishore)
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