May 12, 2025:
Saudi Prince Launches AI Venture Amid Global Interest - Saudi Arabia's Crown Prince Mohammed bin Salman introduced Humain, a new AI company, to enhance the country's artificial intelligence sector, supported by the $940 billion Public Investment Fund (PIF). The launch coincides with an upcoming U.S.-Saudi investment forum, attracting major figures like Elon Musk, Sam Altman, Mark Zuckerberg, and President Trump.
This initiative exemplifies Saudi efforts to diversify its economy beyond oil. Leading American tech companies, including Google and Salesforce, are collaborating with the PIF on AI projects, emphasizing the fund's growing importance in global tech investments.
