HUMAIN Invests US$3bn in xAI as Saudi AI Data Centres Expand

HUMAIN, the Public Investment Fund (PIF)-backed company accelerating AI innovation in Saudi Arabia, now holds a minority stake in one of the world’s most valuable private companies. 

The firm has committed US$3bn to Elon Musk’s xAI in a Series E funding round ahead of its merger with SpaceX, signalling the direction of HUMAIN’s long-term technology strategy.

Tareq Amin, CEO of HUMAIN, says: “This investment reflects HUMAIN’s conviction in transformational AI and our ability to deploy meaningful capital behind exceptional opportunities where long-term vision, technical excellence and execution converge. 

“xAI’s trajectory, further strengthened by its acquisition by SpaceX – one of the largest technology mergers on record – represents the kind of high-impact platform we seek to support with significant capital.”

HUMAIN’s position as a minority shareholder provides long-term equity upside and situates the company at the centre of AI infrastructure development. 

Its approach links financial commitments to practical deployments in high-capacity compute environments, reinforcing Saudi Arabia’s technological footprint.

AI infrastructure partnerships and next-generation compute

HUMAIN’s xAI holdings convert into SpaceX shares, giving the company influence over AI platform development. 

An investment like this will build on the existing partnership between HUMAIN and xAI, which includes plans for a 500MW, next-generation AI data centre in Saudi Arabia.

The facility represents xAI’s first data centre outside the US and will operate on NVIDIA chips. 

It positions the Kingdom as a hub for global AI expansion, providing advanced compute capabilities for AI workloads. The partnership also includes deploying xAI’s Grok models across Saudi Arabia.

As Saudi Arabia diversifies beyond oil, HUMAIN’s infrastructure investments are giving the Kingdom some sovereign AI capabilities. Following the latest round of funding, HUMAIN is moving from being a strategic partner to a shareholder.

SpaceX CEO, Elon Musk, believes that there is a significant connection between AI and space exploration when it comes to energy. In fact, he believes that in near future AI compute will derive much of its power from solar satellites.

“To harness even a millionth of our Sun's energy would require over a million times more energy than our civilisation currently uses," he says.

“The only logical solution therefore is to transport these resource-intensive efforts to a location with vast power and space. 

“By directly harnessing near-constant solar power with little operating or maintenance costs, these satellites will transform our ability to scale compute. 

“My estimate is that, within two to three years, the lowest cost way to generate AI compute will be in space.”

As such, HUMAIN's shares in SpaceX are more closely linked to its AI ambitions than it might seem at a glance.

HUMAIN OS and domestic AI infrastructure

HUMAIN’s technology strategy includes HUMAIN OS, an agentic AI-powered operating system. 

Unlike traditional passive systems, HUMAIN OS interprets human intent, coordinates tasks across multiple platforms and acts as an active partner in enterprise operations. 

The system integrates AI agents into business workflows, supporting more efficient task orchestration across data centre operations.

The company’s long-term infrastructure plan, HUMAIN Core, involves gigawatt-scale data centres forming the foundation of Saudi Arabia’s AI ambitions. 

HUMAIN has extended partnerships with NVIDIA, Amazon, AMD and Qualcomm alongside xAI, ensuring the global usability of its compute infrastructure.

HUMAIN also develops AI models adapted to Saudi culture, language and context. 

This reduces dependence on international AI derivatives and creates solutions optimised for local businesses and operations.

At the 2026 PIF Private Sector Forum in Riyadh, Tareq Amin highlighted the Kingdom’s abundant energy, land and connectivity, describing AI as “an energy game.” 

Saudi Arabia’s resources and HUMAIN’s technology roadmap position the country as a key node in global AI infrastructure.

Through equity stakes, next-generation AI data centres and agentic AI systems, HUMAIN aligns financial strategy with the deployment of high-capacity compute infrastructure, establishing Saudi Arabia as a critical hub for artificial intelligence.