Saudi Aramco is taking a 49 percent stake in Humain, an AI company founded in May 2025 by the sovereign wealth fund PIF. According to Aramco, the oil company will contribute about $2.6 billion in 2026, along with its own AI technology.
Humain builds data centers, develops cloud services, and trains AI models, including ALLaM, an Arabic language model. The company plans to build three gigawatts of data center capacity by 2030. It aims to serve demand in Saudi Arabia and abroad, and to become a leading AI exporter.
The report says business is already growing. In late August, AMD reported that infrastructure built jointly with Cisco and Humain is serving customers inside and outside Saudi Arabia.
Aramco plans to use the technology in its own operations and sell its own AI solutions for additional revenue. Through its investment arm, Wa'ed Ventures, Aramco also holds a stake in Korean AI chip developer Rebellions.
The report also says the Iran war is affecting the buildout. Humain CEO Tareq Amin told Semafor in September that the company is strengthening protection for its data centers. Saudi Arabia is using Aramco's experience securing oil infrastruct