Saudi Arabia's Humain, the kingdom's artificial intelligence company, said Wednesday it had invested $3 billion in Elon Musk's xAI as a part of its Series E funding round just prior to its acquisition by SpaceX. The investment made Humain a "significant" minority shareholder, with its xAI holdings converted into SpaceX shares, it said. Saudi Arabia is boosting its artificial intelligence ambitions as it seeks to capitalize on the growing demand for compute capacity and diversify revenue sources