Stock market today: S&P 500 climbs as health care, tech gain; Nvidia earnings loom
Investing.com -- Saudi Arabia’s Crown Prince Mohammed bin Salman has initiated a new company named "Humain" under the Public Investment Fund (PIF). This information was revealed by the state news agency on Monday. The purpose of Humain is to develop and oversee artificial intelligence (AI) technologies.
The crown prince himself chairs Humain, which is set to provide a wide array of AI services, tools, and products. These include next-generation data centers, AI infrastructure, advanced AI models and solutions, and cloud capabilities.
In addition to these offerings, Humain will also present one of the world’s most potent multimodal Arabic large language models (LLMs). This news was also shared by the state news agency.
Saudi Arabia has openly communicated its goal to become a global hub for data and AI. The launch of Humain under the PIF is a step towards this ambition.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.