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Humain, Saudi Arabia's AI company, has invested $3 billion in Elon Musk's xAI, becoming a significant minority shareholder. This investment precedes Musk's announcement of merging xAI with SpaceX, creating a business valued at over $1 trillion.

The deal positions Saudi Arabia as a stakeholder in a major US government contractor, enhancing its financial ties with Musk amid growing competition in AI development. Previous plans for a joint AI data center in Saudi Arabia were also noted.