Last mentioned: 4d ago
$3B Investment
Humain commits $3 billion to xAI to fuel model development.
SpaceX Acquisition
Elon Musk announces the acquisition of xAI by SpaceX to integrate AI into aerospace operations.
Humain Established
Crown Prince Mohammed bin Salman creates Humain to lead Saudi AI investments.
xAI has secured a $3 billion Series E investment from HUMAIN, a strategic move that bolsters the AI company's valuation ahead of its anticipated merger with SpaceX. This capital injection is set to accelerate xAI's infrastructure development and integration into the broader Musk-led ecosystem.
Elon Musk's xAI has secured a $3 billion investment from Humain, a Saudi Arabian AI firm established by Crown Prince Mohammed bin Salman. The capital injection occurred immediately prior to xAI's strategic acquisition by SpaceX, marking a significant consolidation of Musk's AI and aerospace interests.