Latest news with #Humain
Bloomberg
2 days ago
- Business
- Bloomberg
Saudi's AI Firm Humain Forms Division Focused On Ads, Gaming
Saudi Arabia's new artificial intelligence company, Humain, has formed a division to work on advertising, video games and film, as the kingdom strives to become a global leader in technology. Steve Plimsoll, the company's chief strategy officer, introduced the unit, called Humain Create, at the Cannes Lions International Festival of Creativity on Thursday. Humain Create will partner with and provide computing resources for Luma AI, a startup that makes generative AI models for media production.
Syyaha
12-06-2025
- Business
- Syyaha
SAUDI'S BOLD BET: ACCELERATING VISION 2030 THROUGH INTELLIGENT INNOVATION
By Ismail Ibrahim, Sales Director & General Manager for CEMEA at SUSE Saudi Arabia is undergoing a once-in-a-generation transformation, one that is as much about digital intelligence as it is about economic diversification. At the heart of this transition lies artificial intelligence (AI), now a cornerstone of Vision 2030. More than just a technological upgrade, AI is evolving into a system-wide force, reshaping how the Kingdom educates its people, governs its institutions, builds its infrastructure, and positions itself on the global stage. The foundation for this AI revolution was laid with the creation of the Saudi Data and Artificial Intelligence Authority (SDAIA), an organisation designed to align national policy, research, and investment around emerging technologies. With a vision to become a global leader in AI, Saudi Arabia has set ambitious goals: by 2030, AI is projected to contribute $135 billion to the country's GDP, accounting for 12.4% of its national output. What makes this vision credible is not just the scale of ambition, but the pace of execution that's already underway. A pivotal moment came in May 2025 with the launch of Humain , a sovereign AI company backed by the Public Investment Fund (PIF) and unveiled by Crown Prince Mohammed bin Salman. Humain reflects Saudi Arabia's intent to not just adopt AI, but to create its own AI infrastructure and capabilities from the ground up. Central to this initiative is the development of Arabic-language foundational models, secure data capabilities, and next-generation computing infrastructure, ensuring that AI reflects and serves the cultural and strategic priorities of the region. Yet this transformation isn't just confined to infrastructure and capabilities. Saudi Arabia is taking a whole-of-society approach to AI, embedding it in education, workforce development, and national mega-projects. Giga-projects like NEOM are integrating AI into urban planning, autonomous transport, and civic systems from the ground up, creating living laboratories for intelligent design. Even in healthcare, AI is poised to unlock $27 billion in economic value by 2030, improving everything from diagnosis to hospital operations to individualised patient care. Crucially, Saudi Arabia is not overlooking the ethical dimensions of AI also. The Kingdom ranks amongst the top three nations globally for AI ethics readinessreadines, a reflection of its early investments in responsible AI frameworks. From privacy-preserving technologies to transparent governance mechanisms, the country is positioning itself as a leader not only in innovation, but in how innovation is deployed and regulated. As the ecosystem matures, the role of enterprise technology providers becomes increasingly central. This is where companies like SUSE, known for its enterprise-grade open-source platforms, have an important opportunity to contribute. In a significant move aligning with Vision 2030, SUSE signed a Memorandum of Understanding (MoU) with Saudi Arabia's National Housing Company (NHC) at LEAP 2025. This strategic partnership aims to accelerate digital transformation within the Kingdom's housing sector, leveraging SUSE's expertise in open source solutions to enhance scalability, security, and efficiency in housing projects. SUSE's solutions are well-positioned to support Saudi Arabia's ambitions, —whether in national data centres, sovereign cloud environments, or smart city deployment, providing the backbone on which innovation can reliably thrive. What's unfolding in Saudi Arabia is more than an AI strategy; it's the blueprint of a digital nation. Through bold public investment, international collaboration, and a clear focus on values and talent, the Kingdom is demonstrating what's possible when a country commits not just to using AI, but to helping shape its future. For global leaders in technology, investment, and policy, Saudi Arabia is no longer just a market to watch; it's becoming a partner in building the next intelligent economy.
Yahoo
03-06-2025
- Business
- Yahoo
Nvidia has soared 45% in 2 months. These forces are reviving the hype for Wall Street's favorite AI play.
Nvidia shares are up 20% in a month, reflecting a major rebound for the chipmaker. Shares were down as much as 31% year-to-date through April as tariffs rocked markets. Since April lows, the AI titan has been boosted by fresh catalysts that have revived investors' enthusiasm. Nvidia stock has embarked on a fresh rally thanks to four big catalysts that are generating new enthusiasm for artificial intelligence chip maker. The stock has climbed 20% over the last month. Since its most recent low in April, the move up is even sharper. After bottoming during the broader market sell-off caused by Donald Trump's tariff announcements, the stock is up 45%, a gain of about $1 trillion in market cap. The stock is up about 5% year-to-date. This embedded content is not available in your region. That latest rally follows a rough few months for Nvidia. Shares were down more than 30% year-to-date in early April as concerns swirled around export controls and Trump's tariffs, which complicated the chipmaker's business in China. While the stock has benefited from an easing of tariff-related headwinds that's also boosted the broader market, there are several company-specific forces driving the rally. Here is what's sparked the latest run of gains for the top chip maker. The Commerce Department did away with the Biden administration's AI diffusion rule in mid-May, removing restrictions on which countries Nvidia can sell AI chips to. Those restrictions have been a major overhang for Nvidia stock this year. At a recent tech conference, Ceo Jensen Huang told reporters that export controls have hurt Nvidia's business in China. "All in all, the export control was a failure," Huang said at the event. "The fundamental assumptions that led to the AI diffusion rule in the beginning, in the first place, have been proven to be fundamentally flawed." Nvidia announced a major partnership with Humain in May. The AI firm is controlled by Saudi Arabia's Public Investment Fund. The deal involves Humain purchasing advanced semiconductors from Nvidia to create AI infrastructure in the nation. In the first phase of the project, Nvidia will send 18,000 GB300 Frace Blackwell AI supercomputer chips, the firm said in a statement. That partnership came shortly after Saudi Arabia pledged to invest $600 billion in various US industries, including AI and infrastructure. "Those 'allies' want to invest here in the USA and also get a hold of a TON of Nvidia chips for domestic AI factories. For Nvidia shareholders, it would seem that this repeal is great news and that the administration is reigniting the 'Sovereign Thesis,'" analysts at Melius Research wrote in a note last month. Nvidia's first-quarter results were once again strong. The chipmaker reported $44.06 billion in revenue, above analysts' estimates of $43.32 billion. Perhaps more importantly, however, Huang soothed investors who have been nervous about the impact of disruptions to business in China. On the earnings call, the company noted that it took a hit from China, but business is still basically booming. Huang slammed export controls, but he affirmed his faith in the Trump administration. "The president has a plan," Huang said to investors. "He has a vision, and I trust him." Deepwater Asset Management said last week that Huang's comment suggests that the chipmaker could be in a favorable position as trade negotiations between the US and China continue. "My best guess is Nvidia will be part of a broader trade agreement with China," analysts from the firm wrote. The AI hyperscalers like Meta Platforms and Microsoft don't appear to be pulling back on AI spending. Tech titans like Meta, Microsoft, and Amazon have pledged to spend more than $300 billion this year on AI-related capex. Apple, meanwhile, has said it would spend $500 billion over the next four years. "Q1 earnings from mega-cap tech companies have also reinforced AI investment visibility, with customers maintaining or increasing their 2025 capex plans," Angelo Zino, a senior equity analyst at CFRA Research, wrote in a note, adding that he believed Nvidia's growth in data centers would run on for at least the next two years. Read the original article on Business Insider
Business Insider
03-06-2025
- Business
- Business Insider
Nvidia has soared 45% in 2 months. These forces are reviving the hype for Wall Street's favorite AI play.
Nvidia stock has embarked on a fresh rally thanks to four big catalysts that are generating new enthusiasm for artificial intelligence chip maker. The stock has climbed 20% over the last month. Since its most recent low in April, the move up is even sharper. After bottoming during the broader market sell-off caused by Donald Trump's tariff announcements, the stock is up 45%, a gain of about $1 trillion in market cap. The stock is up about 5% year-to-date. That latest rally follows a rough few months for Nvidia. Shares were down more than 30% year-to-date in early April as concerns swirled around export controls and Trump's tariffs, which complicated the chipmaker's business in China. While the stock has benefited from an easing of tariff-related headwinds that's also boosted the broader market, there are several company-specific forces driving the rally. Here is what's sparked the latest run of gains for the top chip maker. AI diffusion rule rollback The Commerce Department did away with the Biden administration's AI diffusion rule in mid-May, removing restrictions on which countries Nvidia can sell AI chips to. Those restrictions have been a major overhang for Nvidia stock this year. At a recent tech conference, Ceo Jensen Huang told reporters that export controls have hurt Nvidia's business in China. "All in all, the export control was a failure," Huang said at the event. "The fundamental assumptions that led to the AI diffusion rule in the beginning, in the first place, have been proven to be fundamentally flawed." Nvidia's big Saudi deal Nvidia announced a major partnership with Humain in May. The AI firm is controlled by Saudi Arabia's Public Investment Fund. The deal involves Humain purchasing advanced semiconductors from Nvidia to create AI infrastructure in the nation. In the first phase of the project, Nvidia will send 18,000 GB300 Frace Blackwell AI supercomputer chips, the firm said in a statement. That partnership came shortly after Saudi Arabia pledged to invest $600 billion in various US industries, including AI and infrastructure. "Those 'allies' want to invest here in the USA and also get a hold of a TON of Nvidia chips for domestic AI factories. For Nvidia shareholders, it would seem that this repeal is great news and that the administration is reigniting the 'Sovereign Thesis,'" analysts at Melius Research wrote in a note last month. Earnings calm jittery investors Nvidia's first-quarter results were once again strong. The chipmaker reported $44.06 billion in revenue, above analysts' estimates of $43.32 billion. Perhaps more importantly, however, Huang soothed investors who have been nervous about the impact of disruptions to business in China. On the earnings call, the company noted that it took a hit from China, but business is still basically booming. Huang slammed export controls, but he affirmed his faith in the Trump administration. "The president has a plan," Huang said to investors. "He has a vision, and I trust him." Deepwater Asset Management said last week that Huang's comment suggests that the chipmaker could be in a favorable position as trade negotiations between the US and China continue. "My best guess is Nvidia will be part of a broader trade agreement with China," analysts from the firm wrote. No slowdown in enterprise AI spending The AI hyperscalers like Meta Platforms and Microsoft don't appear to be pulling back on AI spending. Tech titans like Meta, Microsoft, and Amazon have pledged to spend more than $300 billion this year on AI-related capex. Apple, meanwhile, has said it would spend $500 billion over the next four years. "Q1 earnings from mega-cap tech companies have also reinforced AI investment visibility, with customers maintaining or increasing their 2025 capex plans," Angelo Zino, a senior equity analyst at CFRA Research, wrote in a note, adding that he believed Nvidia's growth in data centers would run on for at least the next two years.
Business Insider
03-06-2025
- Business
- Business Insider
Nvidia has soared 45% in 2 months. These forces are reviving the hype for Wall Street's favorite AI play.
Nvidia stock has embarked on a fresh rally thanks to four big catalysts that are generating new enthusiasm for artificial intelligence chip maker. The stock has climbed 20% over the last month. Since its most recent low in April, the move up is even sharper. After bottoming during the broader market sell-off caused by Donald Trump's tariff announcements, the stock is up 45%, a gain of about $1 trillion in market cap. The stock is up about 5% year-to-date. That latest rally follows a rough few months for Nvidia. Shares were down more than 30% year-to-date in early April as concerns swirled around export controls and Trump's tariffs, which complicated the chipmaker's business in China. While the stock has benefited from an easing of tariff-related headwinds that's also boosted the broader market, there are several company-specific forces driving the rally. Here is what's sparked the latest run of gains for the top chip maker. AI diffusion rule rollback The Commerce Department did away with the Biden administration's AI diffusion rule in mid-May, removing restrictions on which countries Nvidia can sell AI chips to. Those restrictions have been a major overhang for Nvidia stock this year. At a recent tech conference, Ceo Jensen Huang told reporters that export controls have hurt Nvidia's business in China. "All in all, the export control was a failure," Huang said at the event. "The fundamental assumptions that led to the AI diffusion rule in the beginning, in the first place, have been proven to be fundamentally flawed." Nvidia's big Saudi deal Nvidia announced a major partnership with Humain in May. The AI firm is controlled by Saudi Arabia's Public Investment Fund. The deal involves Humain purchasing advanced semiconductors from Nvidia to create AI infrastructure in the nation. In the first phase of the project, Nvidia will send 18,000 GB300 Frace Blackwell AI supercomputer chips, the firm said in a statement. That partnership came shortly after Saudi Arabia pledged to invest $600 billion in various US industries, including AI and infrastructure. "Those 'allies' want to invest here in the USA and also get a hold of a TON of Nvidia chips for domestic AI factories. For Nvidia shareholders, it would seem that this repeal is great news and that the administration is reigniting the 'Sovereign Thesis,'" analysts at Melius Research wrote in a note last month. Earnings calm jittery investors Nvidia's first-quarter results were once again strong. The chipmaker reported $44.06 billion in revenue, above analysts' estimates of $43.32 billion. Perhaps more importantly, however, Huang soothed investors who have been nervous about the impact of disruptions to business in China. On the earnings call, the company noted that it took a hit from China, but business is still basically booming. Huang slammed export controls, but he affirmed his faith in the Trump administration. "The president has a plan," Huang said to investors. "He has a vision, and I trust him." Deepwater Asset Management said last week that Huang's comment suggests that the chipmaker could be in a favorable position as trade negotiations between the US and China continue. "My best guess is Nvidia will be part of a broader trade agreement with China," analysts from the firm wrote. No slowdown in enterprise AI spending The AI hyperscalers like Meta Platforms and Microsoft don't appear to be pulling back on AI spending. Tech titans like Meta, Microsoft, and Amazon have pledged to spend more than $300 billion this year on AI-related capex. Apple, meanwhile, has said it would spend $500 billion over the next four years. "Q1 earnings from mega-cap tech companies have also reinforced AI investment visibility, with customers maintaining or increasing their 2025 capex plans," Angelo Zino, a senior equity analyst at CFRA Research, wrote in a note, adding that he believed Nvidia's growth in data centers would run on for at least the next two years.
