financetom
Business
financetom
/
Business
/
Amazon Web Services Announces $5 Billion AI Partnership With Saudi Arabia's Humain
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Amazon Web Services Announces $5 Billion AI Partnership With Saudi Arabia's Humain
May 26, 2025 7:01 AM

12:47 PM EDT, 05/13/2025 (MT Newswires) -- Amazon.com's ( AMZN ) Amazon Web Services said Tuesday it would invest $5 billion in partnership with the Saudi AI company Humain to advance artificial intelligence in Saudi Arabia.

AWS said it would work with Humain to create a so-called AI Zone in the kingdom which will include dedicated AWS AI infrastructure and servers.

The company previously said it was building an AWS infrastructure region in Saudi Arabia that would become available in 2026 with an investment of $5.3 billion.

"The new AI Zone announced today is an additional investment to grow global and local demand for advanced AI services in the kingdom," AWS said in a statement.

The announcement comes amid US President Donald Trump's visit to the Middle East this week. Trump landed in Saudi Arabia earlier Tuesday and is scheduled to visit Qatar and the United Arab Emirates next.

Nvidia (NVDA) and AMD (AMD) have also announced AI-partnerships with Humain.

Price: 213.81, Change: +5.17, Percent Change: +2.48

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Computer Modelling Group Acquires SeisWare International
Computer Modelling Group Acquires SeisWare International
Jul 31, 2025
09:10 AM EDT, 07/31/2025 (MT Newswires) -- Computer Modelling Group ( CMDXF ) on Thursday said it acquired SeisWare International, a software company specializing in geoscience solutions. The company said that the total purchase price is estimated to be US$6.6 million and is subject to customary closing adjustments. SeisWare develops geoscience interpretation and field development software to support subsurface exploration...
GigaMedia Q2 revenue up 20.4% y/y to $0.87 mln
GigaMedia Q2 revenue up 20.4% y/y to $0.87 mln
Jul 31, 2025
Overview * GigaMedia ( GIGM ) Q2 revenue rises 20.4% yr/yr, reaching $0.87 mln * Net income for Q2 was $0.84 mln, improved from a net loss last quarter * Gross profit increased 32.5% yr/yr, reaching $0.48 mln Outlook * GigaMedia ( GIGM ) to boost productivity in second half of 2025 * Company pursuing strategic expansion and new business...
UK Export Finance guarantees 1 billion pound loan to Ford UK
UK Export Finance guarantees 1 billion pound loan to Ford UK
Jul 31, 2025
LONDON, July 31 (Reuters) - A British government agency is providing a 1 billion pound export development guarantee to the UK arm of U.S. carmaker Ford, supporting the company's long-term growth targets around the world. This £1 billion loan guarantee is a major boost for Britain's auto sector. It will help develop world-leading products, open new export markets, and secure...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved