Saudi Arabia’s Bold Move in AI
This week, Saudi Arabia made headlines with a groundbreaking announcement. The nation launched HUMAIN, a state-owned artificial intelligence company backed by the Public Investment Fund (PIF). This strategic initiative positions Saudi Arabia at the forefront of the AI arms race. The establishment of HUMAIN signals a significant shift in how Gulf wealth funds are investing in technology, especially in the field of artificial intelligence.
Gulf wealth funds are increasingly channeling resources into innovative technologies. With the creation of HUMAIN, they aim to enhance AI capabilities not just locally but globally. This development reflects a broader trend where investment in AI is becoming a priority for Gulf states, fostering a competitive edge in the tech landscape.
