Saudi Arabia’s Humain Invests $3 Billion Into Musk’s xAI

(Bloomberg) — Saudi Arabian artificial intelligence company Humain has invested $3 billion into Elon Musk’s xAI, deepening ties between the world’s richest man and the kingdom as it pushes to become a global AI powerhouse. The investment, announced Wednesday was part of xAI’s $20 billion funding round, which completed shortly before the startup’s acquisition by Musk’s space exploration company, SpaceX (SPAX.PVT). With the deal, Humain said it became a “significant minority shareholder” in xAI. Its holding ...