Saudi's Humain invested $3 billion in xAI's Series E funding round

Group 1 - Saudi Arabia's Humain invested $3 billion in Elon Musk's xAI as part of its Series E funding round, making it a significant minority shareholder [1] - The investment is part of Saudi Arabia's strategy to enhance its artificial intelligence capabilities and diversify its revenue sources away from oil [2] - xAI raised $20 billion in an upsized Series E funding round to advance its AI models and infrastructure, positioning itself against competitors like OpenAI and Anthropic [3] Group 2 - Humain and xAI announced a partnership to jointly develop 500 megawatts of AI data center infrastructure at the U.S.-Saudi Investment Forum [2] - Following the funding round, Musk's SpaceX acquired xAI, consolidating the AI startup with his space and rocket firm [3]