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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.
Riyadh may tighten spending or raise taxes, while analysts warn the deficit could exceed $67 billion if Brent averages $62 ...
Saudi Arabia’s Crown Prince Mohammed bin Salman, often referred to as MBS, has unveiled Humain, a multibillion-dollar ...
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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 Arabia’s state-owned oil giant Aramco posted first-quarter profits of $26 billion, down 4.6% from the prior year ...
Saudi Arabia has signalled it is willing to enter a painful price war to assert dominance over other oil producers, but ...
Saudi Arabia has also pledged to invest hundreds of billions in the US over the course of Donald Trump's second term.
The OPEC+ oil cartel, which is de facto led by Riyadh, has increased production—causing barrel prices to hit a four-year low.
The oil market appears to be telling Saudi Arabia that its shift to pumping more oil after five years of cutting output was ...
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