Aramco’s profit rises to $31.2B as it takes 49% of Saudi AI firm HUMAIN

Saudi Aramco's Q3 net income rose to $31.2B, up from $28.6B a year earlier. It acquired a 49% stake in Saudi AI firm HUMAIN, paying $2.6B and AI assets, partnering with the Public Investment Fund which holds 51%. HUMAIN, launched in 2025, develops AI infrastructure and models like ALLaM, aiming to expand AI data center capacity and exports by 2030. Aramco plans to integrate HUMAIN's AI capabilities into its operations and leverage its AI assets for growth.