ALBAWABA - The Kingdom Holding Company (KHC), a Saudi conglomerate holding company based in Riyadh, announced the acquisition of $400 million stakes in xAI, the American startup company working in artificial intelligence (AI) founded by Elon Musk. The Kingdom Holding Company invests in xAI The Kingdom Holding Company (KHC) stated investing approximately $400 million (1.5 billion Saudi riyals) in xAI. According to the company, this deal is marked the second ...