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Live Updates  >  Live Update Details

2026-11-02 09:22:29

[Saudi Aramco Invests in AI Company] Saudi oil giant Saudi Aramco announced on November 1st that it will acquire a 49% stake in AI company HUMAIN, injecting cash and assets to help the technology company scale and meet growing demand. Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), will retain the remaining 51% stake. Saudi Aramco will inject approximately 9.9 billion Saudi riyals (approximately 17.5 billion yuan) into HUMAIN this year, investing in AI computing infrastructure and digital assets. (CCTV Finance)

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