Saudi-backed AI startup Humain invested $3B in xAI, becoming a “significant minority shareholder” in a deal that completed just before SpaceX's xAI acquisition
Saudi-backed artificial intelligence company Humain has invested $3 billion into Elon Musk's AI startup xAI, according to a statement on Wednesday.
Bloomberg Shona Ghosh
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Discussion
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@humain
@humain
on x
HUMAIN has strengthened its strategic partnership with @xAI through a $3B investment in its Series E round, completed ahead of the company's historic merger with SpaceX. The investment builds on our collaboration announced at the U.S.-Saudi Investment Forum in November to [image]
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@tareqamin_
Tareq Amin
on x
I'm proud to share that @HUMAIN has invested $3 billion into @xai's Series E round, just prior to its historic acquisition by @SpaceX. Through this transaction, HUMAIN became a significant minority shareholder in xAI. The investment builds on our previously announced 500MW AI
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@elonmusk
Elon Musk
on x
@TareqAmin_ ... Glad to have you