The Public Investment Fund (PIF)and Aramco announced today, Oct. 28, signing a non-binding term sheet outlining the key termsforAramco to acquire a significant minority stakein HUMAIN, a PIF company, advancing a full range of AI capabilities globally.
PIF and Aramcowouldcontribute AI assets, capabilities and talent into HUMAIN, with PIF and Aramco as its shareholders, Aramco and the Kingdom’s sovereign wealth fund said in a joint statement. 
The fundwould continue to own the majority of HUMAIN.Theintention is to enable the rapid scaling up of HUMAIN’s operations to capture value and accelerate its growth in the AI sector.
The Public Investment Fund (PIF)and Aramco announced today, Oct. 28, signing a non-binding term sheet outlining the key termsforAramco to acquire a significant minority stakein HUMAIN, a PIF company, advancing a full range of AI capabilities globally.
PIF and Aramcowouldcontribute AI assets, capabilities and talent into HUMAIN, with PIF and Aramco as its shareholders, Aramco and the Kingdom’s sovereign wealth fund said in a joint statement.
The fundwould continue to own the majority of HUMAIN.Theintention is to enable the rapid scaling up of HUMAIN’s operations to capture value and accelerate its growth in the AI sector.
