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Saudi Arabia's Humain has invested $3 billion in Elon Musk's xAI, becoming a significant minority shareholder. The investment was made just before Musk announced the merger of xAI with SpaceX, resulting in a business valued at over $1 trillion.

This deal not only strengthens financial ties between Saudi Arabia and Musk but also gives the country a stake in a key US government contractor. Musk plans to launch an initial public offering for the merged company later this year. There are ongoing plans for a major AI data center to be built in Saudi Arabia in collaboration with Humain.