Saudi Arabia: Billions Invested in Artificial Intelligence

Saudi Arabia is leveraging its oil wealth to develop ambitious plans in the field of artificial intelligence (AI). Central to this is Humain, a company funded by the kingdom's sovereign wealth fund.

At the Future Investment Initiative forum, Humain CEO Tareq Amin confirmed Saudi Arabia's goal to become the third-largest provider of AI services, behind the US and China.

Saudi Aramco announced plans to acquire a minority stake in Humain. A $3 billion agreement was also signed with AirTrunk to build data centers.

Humain is collaborating with companies such as Qualcomm, Nvidia, AMD, Amazon Web Services, and Cisco to develop up to 6 Gigawatt of data centers by 2034. The Humain One, an AI-based operating system, was also presented.

Investment Minister Khalid Al Falih stated that over half of the economy has decoupled from oil. Riyadh faces competition from the United Arab Emirates, which are also investing in AI.