Aramco’s profit rises to $31.2B as it takes 49% of Saudi AI firm HUMAIN
THE SO WHAT
Aramco using $31.2B in quarterly profit to buy 49% of HUMAIN shows petrodollars are being recycled directly into national AI capacity, not just sovereign funds. If you’re competing for talent or deals in the Gulf, assume state-backed industrials will be AI players, not just customers.
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