Saudi Humain company invests 3 billion dollars in xAI company.

A statement shows that the Saudi Arabia-backed artificial intelligence company Humain has invested $3 billion in Elon Musk's AI startup xAI. The statement states that Humain has become a "significant minority shareholder" in xAI through this investment, which happened just before Musk's space exploration company SpaceX acquired xAI. Humain's stake will be converted into shares of SpaceX. This investment strengthens the relationship between Musk and Humain. The company was established last year with the aim of making Saudi Arabia a powerhouse in artificial intelligence. The two companies plan to develop a 500-megawatt data center in Saudi Arabia.