Saudi Arabia's Crown Prince, Mohammed bin Salman, has initiated the establishment of an AI company named Humain, aimed at strengthening the nationâs artificial intelligence sector. This venture is part of a larger vision to diversify the economy, moving away from oil dependence, and is backed by the Public Investment Fund (PIF), which holds approximately $940 billion in assets. With significant investments in AI from global tech giants, including collaborations with the likes of Google and Salesforce, the AI-centric U.S.-Saudi investment forum underscores the growing importance of technology in economic strategy.
Mohammed bin Salman's launch of Humain demonstrates Saudi Arabia's intent to become a leader in artificial intelligence, leveraging significant investment from the Public Investment Fund.
The establishment of Humain signifies a strategic move by Saudi Arabia to build its AI infrastructure and reduce dependence on its traditional oil revenues.
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