Luma AI Raises $900 Million Series C to Power 2GW AI Supercluster in Saudi Arabia
PositiveArtificial Intelligence
- Luma AI has raised $900 million in Series C funding to support its collaboration with HUMAIN on Project Halo, a significant 2GW AI supercluster in Saudi Arabia. This project represents a major advancement in AI infrastructure.
- The funding will enable Luma AI to solidify its position in the AI sector, enhancing its technological capabilities and market valuation, which is now approximately $4 billion.
- This development aligns with Saudi Arabia's broader strategy to diversify its economy and establish itself as a leader in AI technology, as evidenced by partnerships with key players like Elon Musk's xAI.
— via World Pulse Now AI Editorial System