Riyadh, Saudi Arabia, Feb 18, 2026 (AFP) - Saudi's Humain invests $3 bn in Elon Musk's xAI

NAMPA / AFP
2026-02-18
Saudi Arabia's state-backed artificial intelligence firm Humain said Wednesday it had invested $3 billion in US billionaire Elon Musk's xAI. The investment made Humain a "significant minority shareholder", the company said in a statement. It added that its xAI holdings would be "converted into SpaceX shares" after the rocket company announced it was taking over the AI start-up earlier this month as Musk pushes to unify his many business interests......
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