Luma AI Raises $900 Million Series C to Power 2GW AI Supercluster in Saudi Arabia

Tech billionaire Elon Musk has officially reconciled with President Donald Trump after a significant U.S.-Saudi forum. Their renewed relationship is highlighted by Musk's gratitude towards Trump for his contributions, particularly in relation to a major AI deal and the 'Big Beautiful Bill'.

The United States has significantly advanced its position in the artificial intelligence sector by effectively excluding China from the Middle East's burgeoning AI market. This shift is exemplified by a meeting between President Donald Trump and Saudi Crown Prince Mohammed bin Salman, highlighting a strategic partnership aimed at enhancing AI capabilities in the region.

D-AI, a European advanced artificial intelligence company, has signed a multi-year Memorandum of Understanding (MoU) with Saudi Arabia's Public Investment Fund (PIF) to develop national data centers, cloud systems, and digital identity platforms as part of the Vision 2030 initiative. This partnership aims to enhance the kingdom's technological infrastructure and capabilities.

AWS has entered into a partnership with Humain, designating AWS as Humain's preferred global AI partner. This collaboration aims to establish Saudi Arabia as a leading global hub for artificial intelligence.

Elon Musk's xAI has partnered with the Saudi AI firm HUMAIN to develop an AI supercomputing network in Saudi Arabia. This collaboration aims to enhance the kingdom's technological capabilities and position it as a leader in artificial intelligence. The initiative is part of a broader strategy to diversify the Saudi economy and leverage advanced computing technologies.

The US has approved the sale of 35,000 advanced AI chips to the Emirati AI firm G42 and the Saudi Arabian company Humain. This decision marks a significant step in bolstering the technological ambitions of both Gulf nations, positioning them as key players in the AI sector.

Elon Musk's xAI has partnered with the Saudi artificial intelligence company Humain to establish a new data center in Saudi Arabia. This initiative is part of Crown Prince Mohammed bin Salman's strategy to diversify the kingdom's economy. The data center will be xAI's largest outside the United States.

AI video startup Luma AI has successfully raised $900 million in a Series C funding round led by Humain, bringing its valuation to approximately $4 billion. The company, founded by Indian-American CEO Amit Jain, is also partnering with Humain to develop a 2GW AI cluster in Saudi Arabia, marking a significant investment in the region's AI infrastructure.