Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of Saudi Arabia, revealed the launch of Humane, a new company owned by the Saudi Public Investment Fund. The company is set to focus on advancing and managing artificial intelligence technologies and solutions, while also making investments in this growing sector.
Under the guidance of the Crown Prince, Humane will work on delivering cutting-edge AI applications, such as creating a large language model (LLM) in Arabic, as well as enhancing data centers and cloud computing infrastructure.
This initiative aims to bolster AI capabilities both domestically and internationally, contributing to the growth of the digital economy. The Public Investment Fund is playing an active role in strengthening the AI ecosystem through global partnerships and investments, taking advantage of Saudi Arabia’s strategic location, which facilitates improved connectivity and faster data processing. This initiative is part of the Kingdom’s broader strategy to boost its global competitiveness in AI, as demonstrated by its top ranking in the Global AI Index for 2024.
Humane will help accelerate the adoption of AI technologies across critical sectors, including energy, healthcare, manufacturing, and finance. Additionally, the company will focus on building local expertise and safeguarding intellectual property, furthering Saudi Arabia’s ambition to become a global hub for AI and data technologies while attracting investments and skilled professionals to the sector.
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