Aramco Plans Significant Minority Stake in HUMAIN with PIF to Boost Saudi AI Leadership

Saudi Arabia's Public Investment Fund (PIF) and Aramco have signed a non-binding term sheet for Aramco to acquire a significant minority stake in HUMAIN, a PIF-backed AI company, with PIF retaining majority ownership. This partnership aims to combine their AI assets, talent, and expertise under HUMAIN to accelerate the company's growth and position Saudi Arabia as a global hub for AI innovation and technology development. HUMAIN is developing full-stack AI capabilities including next-generation data centers, advanced AI models, and cloud infrastructure, with ambitions to expand globally and possibly launch an IPO in the coming years. The collaboration is expected to bolster Aramco's leadership in industrial AI applications, improve operational efficiency, reduce emissions, and sustain competitiveness amid rising AI-driven energy demand. PIF views this as a strategic move to diversify the Saudi economy by fostering advanced technology development and localization. The deal reflects Saudi Arabia's broader strategy to unify its AI ecosystem and strengthen its global standing in artificial intelligence.