Saudi Prince Launches AI Venture as Global Tech Leaders are Expected to Gather in Riyadh
Saudi Arabia has launched a new artificial intelligence company named Humain, chaired by Crown Prince Mohammed bin Salman. This initiative aims to enhance the country’s AI infrastructure and will serve as the country’s central platform for AI strategy and investments.
Humain is funded by Saudi Arabia’s Public Investment Fund (PIF), which manages assets worth around $940 billion. The company plans to build AI infrastructure, including data centers and Arabic large language models, serving Saudi Arabia and the Middle East.
In other words, It will work under the country’s Public Investment Fund and provide AI services like data centers, cloud systems, and advanced AI tools, according to the state news agency.
The launch coincides with a US-Saudi investment forum in Riyadh attended by high-profile figures such as Elon Musk, Sam Altman, and Mark Zuckerberg. This event precedes a visit from U.S. President Donald Trump, during which multibillion-dollar deals in AI and other sectors are expected.
Saudi Arabia, known for its oil exports, is going through big changes as part of its Vision 2030 plan, which aims to reduce its reliance on oil and grow other parts of the economy. The move aligns with the wider Gulf strategy to diversify away from oil reliance and develop new tech industries, with the UAE and Qatar also making significant AI investments.
Saudi Arabia’s Vision 2030 is a long-term plan to make the country less dependent on oil and build a stronger, more diverse economy. It focuses on improving areas like technology, tourism, health, education, and entertainment, while also creating more jobs and a better quality of life for Saudi citizens.
