Saudi Arabia's ruler, Mohammed bin Salman, has launched an AI company called Humain to strengthen the country's artificial intelligence sector. The company plans to build the country's AI infrastructure, including the construction of data centers.
The news comes as Elon Musk, Sam Altman and Mark Zuckerberg will be attending US and Saudi investment forums on Tuesday, with AI likely to take the centre stage. President Trump is also preparing to visit the country this week as part of a tour of the region.
Humain is funded by the Saudi Arabia Public Investment Fund (PIF). The PIF manages approximately $940 billion worth of assets, which is part of the Crown Prince's ambition to diversify his country's finances beyond the lucrative oil industry.
The American tech giant has seen wealthy PIFs as their capital sources. Companies such as Google and Salesforce have recently been working with PIF on AI-related projects and investments.