Humain, a newly established state-owned AI company in Saudi Arabia, plans to launch a $10 billion venture fund named Humain Ventures. This fund will target investments in startups across the U.S., Europe, and Asia, according to CEO Tareq Amin. The company is also negotiating with notable U.S. firms like Andreessen Horowitz, OpenAI, and xAI about potential collaborations and equity stakes. With a goal to achieve 1.9 gigawatts of data center capacity by 2030 and process 7% of global AI workloads, Humain aims for a significant presence in the AI sector with an estimated $77 billion investment in its data centers.
Humain is launching a $10 billion venture fund, Humain Ventures, aimed at investing in startups across the U.S., Europe, and Asia.
CEO Tareq Amin revealed that Humain, newly formed, aims to collaborate with prominent tech firms to enhance its data center capabilities.
With plans to process 7% of global AI by 2030, Humain's goal marks a significant investment in data center infrastructure and tech partnerships.
The company has already established agreements with major tech players such as Qualcomm, Nvidia, AMD, and Amazon, indicating a strong market presence.
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