Saudi Arabia’s state-owned AI company Humain has invested $3bn into Elon Musk’s xAI, deepening the partnership between the tech billionaire and the country as it seeks to become a global AI hub.
Humain announced on Wednesday it contributed a significant part of the $20bn raised by xAI in its last funding round in January, which completed shortly before Musk merged the AI start-up with his rocketmaker SpaceX to create a $1.25tn business.
The Riyadh-based group said its investment made it a “significant minority shareholder” in xAI, with its holdings subsequently converted into SpaceX shares.
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