The investment made Humain a "significant" minority shareholder, with its xAI holdings converted into SpaceX shares, it said.

JEDDAH: Humain, an artificial intelligence company owned by Saudi Arabia’s Public Investment Fund, invested $3 billion in Elon Musk’s xAI shortly before the startup was acquired…

Investment that deepens ties with billionaire is part of country’s goal to diversify economy

The investment made Humain a "significant" minority shareholder, with its xAI holdings converted into SpaceX shares, it said.