Humain Invests $3 Billion in xAI Before SpaceX Merger
Humain has invested $3 billion in xAI's Series E funding round ahead of the company's merger with SpaceX, announced in a press release. The investment makes Humain a significant minority shareholder, with its xAI holdings converted into SpaceX shares following the merger.
The transaction follows Humain and xAI’s earlier partnership to build 500 megawatts of AI data center and compute infrastructure in Saudi Arabia. That collaboration includes deploying xAI’s Grok models within the kingdom.
Humain described the investment as part of its strategy to support frontier AI technologies across data centers, infrastructure, and advanced models. The company plans to pursue additional investments in artificial intelligence and critical infrastructure globally.
We hope you enjoyed this article
Consider subscribing to one of our newsletters like AI Funding Brief or Daily AI Brief.
Also, consider following us on social media:
More from Funding
Oct 16 RapidCanvas Raises $29 Million to Expand Enterprise AI Platform Oct 16 KBRA Rated Anthropic BB+ Before $35 Billion Chip Financing Oct 16 Goodweek Raises $12 Million for AI Management Platform Oct 16 Intuit Agrees to Acquire AI Billing Startup Sequence for Reported $200 Million Oct 16 Matters Raises $5 Million to Build AI Consumer BankAI Funding Brief
Market report
2025 Generative AI in Professional Services Report
Thomson Reuters
This report by Thomson Reuters explores the integration and impact of generative AI technologies, such as ChatGPT and Microsoft Copilot, within the professional services sector. It highlights the growing adoption of GenAI tools across industries like legal, tax, accounting, and government, and discusses the challenges and opportunities these technologies present. The report also examines professionals' perceptions of GenAI and the need for strategic integration to maximize its value.
Read moreYou may also like
Axya Raises C$17 Million for AI Procurement Platform
Rising rates strain AI data center fundraising
Brahma AI Raises $150 Million for Research and Global Expansion
HR Path Acquires SnapAI for AI Compliance Expertise
EQT AI Infrastructure Fund Reaches $11.5 Billion in NAV
Daily AI Brief: the AI news that matters, in your inbox.