Saudi Arabia’s Public Investment Fund AI firm HUMAIN launched HUMAIN M3, described as the first Arabic large language model in Saudi history, chaired by Crown Prince Mohammed bin Salman. The authority later disclosed that its foundational base is MiniMax M3, released and open-sourced by MiniMax in June 2026. The article says PIF, with about 1 trillion US dollars under management, planned a 400 billion US dollar AI fund as early as 2024; Abu Dhabi’s MGX closed the world’s largest dedicated AI fund at 490 billion US dollars; Qatar Investment Authority formed a 200 billion US dollar AI infrastructure joint venture fund with Brookfield. Middle East capital appears in AI companies including Zhipu AI, MiniMax, Diger Robotics, and Qianxun Intelligence. Saudi Aramco’s Prosperity7 invested 213 million yuan in Zhipu AI, now worth 4.3 billion Hong Kong dollars (about 3.7 billion yuan) based on a market value of 360.8 billion Hong Kong dollars, roughly 17 times the principal. Global SWF’s January annual report said global sovereign wealth funds invested about 660 billion US dollars in artificial intelligence and digital infrastructure last year, with Gulf funds accounting for 43%.