--- title: "Public Investment Fund (PIF)" url: "https://cicadaconsultancy.online/en/entities/pif" language: "en" type: "GovernmentOrganization" --- # Public Investment Fund (PIF) Saudi Arabia's sovereign wealth fund and the owner of HUMAIN. Public Investment Fund (PIF) appears in 13 stories in the Cicada archive, from 2016 to 2026. ## Every story, oldest first - 2016-10-14 — [PIF and SoftBank sign MoU for tech-focused Vision Fund](https://cicadaconsultancy.online/en/news/pif-softbank-vision-fund-mou): Saudi Arabia's Public Investment Fund (PIF) and Japan's SoftBank Group signed a non-binding memorandum of understanding on 14 October 2016 to create the SoftBank Vision Fund for global technology investment. - 2017-10-24 — [First Future Investment Initiative opens in Riyadh](https://cicadaconsultancy.online/en/news/fii-2017-first-edition): The inaugural Future Investment Initiative (FII), organized by the Public Investment Fund (PIF), ran from 24 to 26 October 2017 at the King Abdulaziz International Conference Center and the Ritz-Carlton in Riyadh, with more than 2,000 attendees. - 2017-10-24 — [Crown Prince unveils NEOM, a $500bn tech-led megacity zone](https://cicadaconsultancy.online/en/news/neom-announced-fii-2017): At the first Future Investment Initiative, Crown Prince Mohammed bin Salman announced NEOM, a planned business and industrial zone of about 26,500 square kilometers on the Red Sea and the Gulf of Aqaba. - 2024-02 — [PIF unveils Alat, an advanced technology company with $100bn planned by 2030](https://cicadaconsultancy.online/en/news/alat-launched-2024): In February 2024 Crown Prince Mohammed bin Salman announced Alat, a new company of the Public Investment Fund (PIF) intended to build the Kingdom's electronics and advanced-industry base, with $100 billion of planned investment by 2030 and 39,000 jobs targeted. - 2024-03-20 — [Report: PIF in talks with a16z on a $40bn AI investment fund](https://cicadaconsultancy.online/en/news/pif-40bn-ai-fund-report-2024): On 19-20 March 2024 The New York Times reported that the Public Investment Fund (PIF) was in talks with Andreessen Horowitz and possibly other firms on a roughly $40 billion fund to invest in AI, with a16z and PIF Governor Yasir Al-Rumayyan discussing a Riyadh office. - 2024-10-29 — [FII8 closes in Riyadh with $70bn of announced deals](https://cicadaconsultancy.online/en/news/fii8-riyadh-2024): The eighth Future Investment Initiative ran from 29 to 31 October 2024 in Riyadh, with organizers expecting 7,000 participants and about 520 global CEOs. - 2024-10-30 — [PIF and Google Cloud sign deal for Saudi global AI hub near Dammam](https://cicadaconsultancy.online/en/news/pif-google-cloud-ai-hub-announced-2024): At FII8, the Public Investment Fund (PIF) and Google Cloud announced a partnership to create a global AI hub near Dammam in the Eastern Province, with research on Arabic models and Saudi-specific AI applications and AI programs for millions of students and professionals. - 2024-11-06 — [Bloomberg: Saudi plans up to $100bn 'Project Transcendence' AI group](https://cicadaconsultancy.online/en/news/project-transcendence-report-2024): Bloomberg reported on 6 November 2024 that Saudi Arabia was planning a government-backed AI and data-infrastructure group, code-named Project Transcendence, with funding of $50-100 billion, modeled on PIF's Alat. - 2025-02-09 — [Alat and Lenovo commit $2bn to Riyadh AI and robotics manufacturing hub](https://cicadaconsultancy.online/en/news/alat-lenovo-2bn-hub-2025): At LEAP 2025, PIF's Alat and Lenovo announced an advanced manufacturing and technology center integrating AI and robotics in Riyadh, with $2 billion of investment and a Lenovo regional headquarters. - 2025-05-12 — [Crown Prince launches HUMAIN, PIF's full-stack AI company](https://cicadaconsultancy.online/en/news/humain-launched-2025): On 12 May 2025, on the eve of President Trump's visit, the Public Investment Fund (PIF) announced that Crown Prince Mohammed bin Salman, PIF chairman, had launched HUMAIN to operate and invest across the AI value chain: data centers, AI infrastructure and cloud, advanced AI models including a multimodal Arabic large language model, and AI solutions. - 2025-10-28 — [Aramco signs term sheet for significant minority stake in HUMAIN](https://cicadaconsultancy.online/en/news/aramco-humain-minority-stake-2025): The Public Investment Fund (PIF) and Aramco signed a non-binding term sheet on 28 October 2025 under which Aramco would acquire a significant minority stake in HUMAIN, with PIF keeping majority ownership and both contributing AI assets, capabilities and talent. - 2026-02-10 — [HUMAIN unveils agentic HUMAIN OS at PIF Private Sector Forum](https://cicadaconsultancy.online/en/news/humain-os-pif-private-sector-forum-2026): At the Public Investment Fund's Private Sector Forum in Riyadh (9-10 February 2026), HUMAIN CEO Tareq Amin presented HUMAIN OS, an AI-native, intent-driven operating system designed to orchestrate tasks across enterprise systems. - 2026-09-09 — [HUMAIN prepares IPO and outside capital, Fortune reports](https://cicadaconsultancy.online/en/news/humain-seeks-external-investment-2026): Fortune reported on 9 September 2026 that HUMAIN has begun preparations for an IPO. --- Cicada · The signal in Saudi AI. License: CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/) · Full archive for language models: https://cicadaconsultancy.online/llms-full.txt