Kathmandu. Saudi oil company Aramco said on Sunday it had taken a 49 percent stake in the state-invested AI company Human. The company has been given both cash and assets to expand to meet growing demand. The remaining 51 percent stake will be held by Saudi Arabia's sovereign wealth fund Public Investment Fund (PIF). Both parties confirmed the share expansion through a joint statement. Aramco, a key pillar of the Saudi economy dependent on oil, had been planning to take a significant stake in Human, which started in May 2025, for at least a year. "This transaction will further accelerate Human's growth and advance its full AI capabilities globally. PIF and Aramco will contribute to the assets, capabilities, and talent of the state-invested AI company," the statement said. The statement said, "This stake, taken through a wholly-owned subsidiary of Aramco, will support Human's rapid expansion to meet the growing regional and global demand for AI." Human plans to have three gigawatts of AI data center capacity by 2030. "It is also working on infrastructure and cloud platforms and has developed an Arabic language LLM," the statement mentioned. Aramco, one of the world's largest market-capitalized companies, will invest approximately 9.9 billion Saudi Riyals (2.6 billion US dollars) in Human this year. It will also provide AI, computer networks, and digital assets. Aramco Chairman and CEO Amin H. Nasser said AI has helped the oil company generate technology-related value equivalent to 11.3 billion dollars since 2023.
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