Saudi Arabia's Public Investment Fund (PIF) and Aramco announced on November 1, 2026, the closing of a transaction in which Aramco, through a wholly owned subsidiary, acquired a 49% stake in artificial intelligence company HUMAIN, with PIF retaining 51% ownership.
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Aramco Acquires 49% HUMAIN Stake With $2.6B Cash, AI Assets
Saudi Aramco, through a wholly owned subsidiary, acquired a 49% stake in AI company HUMAIN for $2.6 billion in cash and AI assets. The transaction closed on November 1, 2026, with Saudi Arabia's Public Investment Fund retaining 51% ownership. This marks a significant investment in AI by a major energy company.
Provides concrete details on a major AI industry acquisition, highlighting strategic investment by a state-owned oil giant.
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