Saudi Arabia’s Humain Invests $3 Billion in xAI’s Series E Funding…

Team S · 2026-02-19T13:28:26.000Z

Humain, the Saudi Arabia-based artificial intelligence company backed by the nation’s Public Investment Fund (PIF), has invested $3 billion in the Series E funding round of Elon Musk’s AI startup xAI, reinforcing strategic ties between the kingdom and one of the world’s fastest-growing AI ventures. The investment was announced shortly before xAI’s acquisition by Musk’s space exploration company, SpaceX, with Humain becoming a significant minority shareholder whose holdings will be converted into SpaceX shares as part of the merger. The $3 billion commitment was part of xAI’s upsized $20 billion Series E financing, one of the largest capital raises in the AI sector, strengthening the company’s ability to compete with major AI players and accelerate deployment of its Grok large-language models and compute infrastructure. The investment builds on an existing partnership between Humain and xAI, announced at the U.S.- Saudi Investment Forum, which includes plans to jointly develop more than 500 megawatts of next-generation AI data-centre capacity in Saudi Arabia and deploy xAI’s technologies within the kingdom’s digital ecosystem. Humain’s strategic investment aligns with Saudi Arabia’s broader economic diversification goals under its Vision 2030 agenda, positioning the country as a key global AI investor and technology partner. The move also deepens long-term collaboration with Musk’s broader network of technology ventures, as Humain continues exploring high-impact opportunities in AI and critical digital infrastructure. The transaction underscores a trend of sovereign and global capital deployment into frontier AI, reflecting growing investor confidence in ambitious AI platforms and infrastructure development.

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Saudi Arabia’s Humain Invests $3 Billion in xAI’s Series E Funding… | Newnex