PIF and Aramco join forces under HUMAIN to drive Saudi Arabia’s global AI ambitions

Saudi Arabia’s Public Investment Fund (PIF) and Aramco announced plans to combine their artificial intelligence (AI) programs through HUMAIN, a PIF-owned company, to strengthen the kingdom’s position as a global AI leader. Under a newly signed non-binding term sheet, Aramco will acquire a significant minority stake in HUMAIN, while both parties contribute AI assets, expertise, and talent. PIF will retain majority ownership.

PIF and Aramco

The move is aimed at accelerating HUMAIN’s growth and developing advanced AI infrastructure, cloud capabilities, and large language models such as ALLAM. PIF Deputy Governor Yazeed A. Al-Humied said the partnership aligns with Saudi Arabia’s goal to become a globally competitive AI hub. Aramco CEO Amin H. Nasser noted that the collaboration would boost industrial AI innovation, efficiency, and sustainability.

Completion of the deal remains subject to regulatory approvals and final agreements.

Business News