Aramco acquires 49% stake in AI company HUMAIN for 9.9 billion CNY

On November 1, an AI startup announced that Aramco will acquire a 49% stake in HUMAIN, previously fully owned by the Public Investment Fund. The Public Investment Fund retains the remaining 51%. Aramco plans to make the investment by transferring key AI assets and injecting approximately 9.9 billion CNY. Both shareholders will contribute their respective AI assets, capabilities, and talent while overseeing HUMAIN's business expansion.

Aramco expects to utilize HUMAIN's AI infrastructure to transform advanced AI capabilities into industrial applications, thereby enhancing its global ecosystem and operational capabilities.

Reported by ITHome.