AI video startup Luma AI raised a $900M Series C led by Humain, sources say at a ~$4B valuation, and partners with Humain on a 2GW AI cluster in Saudi Arabia (Vaibhavi Khanwalkar/The Economic Times)

TechmemeWednesday, November 19, 2025 at 6:20:02 PM
AI video startup Luma AI raised a $900M Series C led by Humain, sources say at a ~$4B valuation, and partners with Humain on a 2GW AI cluster in Saudi Arabia (Vaibhavi Khanwalkar/The Economic Times)
  • Luma AI has raised $900 million in Series C funding led by Humain, achieving a valuation of around $4 billion while partnering on a 2GW AI cluster in Saudi Arabia.
  • This investment is pivotal for Luma AI as it enhances its capabilities and market position in the rapidly growing AI sector, particularly in video generation technology.
  • The collaboration reflects Saudi Arabia's strategic push towards becoming a leader in AI, leveraging its resources and partnerships to attract global tech investments.
— via World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
Testing shows Apple N1 Wi-Fi chip improves on older Broadcom chips in every way
PositiveArtificial Intelligence
Apple's new N1 Wi-Fi chip has been tested and shown to outperform older Broadcom chips in all aspects. While it may not set new records, it is recognized as a reliable performer in the technology sector.
Elon Musk says xAI plans to develop a 500 megawatt data center in Saudi Arabia with state-backed AI startup Humain; the data center will rely on Nvidia chips (Mark Bergen/Bloomberg)
PositiveArtificial Intelligence
Elon Musk announced that his artificial intelligence startup, xAI, plans to develop a 500 megawatt data center in Saudi Arabia in collaboration with the state-backed AI startup Humain. The data center will utilize Nvidia chips, marking a significant investment in the region's AI infrastructure.
Musk’s xAI to Build 500 Megawatt Data Center in Saudi Arabia
PositiveArtificial Intelligence
Elon Musk's xAI plans to establish a 500 megawatt data center in Saudi Arabia in collaboration with the state-backed AI venture Humain, utilizing chips from Nvidia Corp. This initiative is part of a broader strategy to enhance AI capabilities in the region.
Vedanta Plans Saudi Spending Boost in Push for Copper, Gold
PositiveArtificial Intelligence
Vedanta Ltd. is set to increase its investments in Saudi Arabia as the Indian conglomerate aims to capitalize on the kingdom's aspirations to establish itself as a hub for metals and mining amid its extensive economic transformation.
US Plans to Approve Sale of Chips to Saudi AI Venture Humain
PositiveArtificial Intelligence
The US is set to approve the sale of advanced artificial intelligence chips to the Saudi Arabian AI firm Humain, according to sources familiar with the matter. This decision comes as Saudi Crown Prince Mohammed bin Salman meets with US President Donald Trump, marking a significant step for the state-backed venture. The approval is seen as a positive development for both the US technology sector and Saudi Arabia's ambitions in AI.
Microsoft remakes Windows for an era of autonomous AI agents
PositiveArtificial Intelligence
Microsoft is restructuring its Windows operating system to create what it calls the first 'agentic OS.' This new framework will embed the necessary infrastructure for autonomous AI agents to operate securely at enterprise scale. Announced at the Ignite conference, the integration of native agent infrastructure into Windows 11 will enable AI agents to perform complex tasks, discover tools, and interact with applications in secure environments, marking a significant evolution in personal computing.
Apple and Tencent Try to Regulate the WeChat Economy
NeutralArtificial Intelligence
Apple and Tencent are collaborating to regulate the WeChat economy, a significant move for mobile app developers. This initiative is part of a new program that Apple is offering, which aims to provide developers with better tools and frameworks to navigate the complexities of the WeChat platform. The involvement of Tencent, a major player in the Chinese tech landscape, underscores the importance of this partnership in shaping the future of app development and monetization strategies within the WeChat ecosystem.
Saudi’s Oil Wealth Is Moving to AI. Now MBS Needs Trump’s Blessing
PositiveArtificial Intelligence
Tareq Amin is promoting Saudi Arabia as a prime destination for AI computing power, leveraging the country's oil wealth. His sales pitch has gained traction in Silicon Valley, where tech companies are increasingly seeking robust AI infrastructure. This initiative aligns with Saudi Arabia's broader strategy to diversify its economy and invest in technology sectors, moving away from its traditional reliance on oil revenues.