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Saudi Arabia launches multibillion-dollar AI venture
Humain is expected to be a “multibillion-dollar” venture. Specific numbers were not disclosed, but the Financial Times report did detail that the company plans not only to invest in AI assets but also to operate them. Those assets will reportedly include Arabic large language models and data centers.
1don MSN
Saudi Arabia’s state-owned oil giant Aramco posted first-quarter profits of $26 billion, down 4.6% from the prior year.
Saudi Arabia is increasing oil production, a move that could drive down prices and put pressure on U.S. shale producers.
Saudi government officials ”haven’t said they’re going to crush the U.S. oil and gas industry, but it's a foregone conclusion,” Sankey said in an interview. Meanwhile, “low oil prices is one of the ...
The oil market appears to be telling Saudi Arabia that its shift to pumping more oil after five years of cutting output was ...
Riyadh may tighten spending or raise taxes, while analysts warn the deficit could exceed $67 billion if Brent averages $62 ...
The OPEC+ oil cartel, which is de facto led by Riyadh, has increased production—causing barrel prices to hit a four-year low.
Saudi Arabia has signalled it is willing to enter a painful price war to assert dominance over other oil producers, but ...
Saudi Arabia is boosting oil output, pressuring U.S. shale producers and shaking markets. Here's how this move could impact ...
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