Update
Aramco Acquires 49% Stake in Saudi AI Company HUMAIN
Saudi Aramco, the oil giant, has acquired a 49% stake in HUMAIN, a Saudi artificial intelligence company, for $2.6 billion in cash and contributions of AI, computing, and digital assets. The Public Investment Fund (PIF) retains the remaining 51% stake. The partnership aims to develop an integrated AI ecosystem, including next-generation data centers and multimodal Arabic large language models. The deal, announced on November 1, 2026, marks Aramco's continued investment in technology and AI capabilities.