Humain Launches $10 Billion Venture Fund for AI Startups
Saudi Arabia's state-owned AI company, Humain, is launching a $10 billion venture fund called Humain Ventures. The fund will invest in promising AI startups across the US, Europe, and Asia.
According to The Financial Times, Humain CEO Tareq Amin confirmed the plans and revealed discussions with prominent US firms. These include Andreessen Horowitz, OpenAI, and Elon Musk's xAI.
Humain Explores Data Center Partnerships
In addition to the venture fund, Humain is exploring potential deals with US companies for an equity stake in its data center business. While Amin didn't disclose specific company names, he referred to them as "massive names in the data center segment."
Humain has already secured partnerships with major tech players like Qualcomm, Nvidia, AMD, and Amazon. The company aims to achieve 1.9 gigawatts of data center capacity by 2030, processing 7% of global AI training and inferencing. This ambitious endeavor is projected to cost approximately $77 billion.
The launch of Humain and these initiatives follow a recent US initiative allowing American tech suppliers, such as Nvidia and AMD, to collaborate with Saudi Arabian firms.
Source: The Financial Times
