Saudi Arabia launches $40B fund to become the Middle East's AI infrastructure hub - Silicon Canals
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Saudi Arabia launches $40B fund to become the Middle East's AI infrastructure hub - Silicon Canals
"The new fund, called Humain, will channel capital into building data centers, developing AI infrastructure, and creating what Saudi officials describe as an "AI ecosystem" across the Middle East and beyond. According to Reuters, the initiative is part of a broader set of technology agreements between Saudi Arabia and the United States worth approximately $600 billion, negotiated during Trump's state visit."
"The $40 billion figure is staggering in context. It dwarfs most national AI strategies currently in play, and positions the Kingdom alongside (and in some dimensions ahead of) the United Arab Emirates, which has been building its own AI credentials through entities like G42 and the Technology Innovation Institute."
"Andreessen Horowitz's involvement is notable. The firm has been among the most vocal advocates for aggressive AI investment and has deep portfolio connections to leading AI companies, including those building large language models and the hardware supply chains that power them."
Saudi Arabia has established Humain, a $40 billion investment fund dedicated to artificial intelligence infrastructure, announced during President Trump's visit to Riyadh. The fund operates in partnership with venture capital firm Andreessen Horowitz and represents part of a broader $600 billion technology agreement between Saudi Arabia and the United States. Humain will finance data centers, AI infrastructure development, and ecosystem creation across the Middle East and globally. This commitment significantly exceeds most national AI strategies and positions Saudi Arabia competitively alongside the UAE in regional AI leadership. The partnership with Andreessen Horowitz provides credibility within Silicon Valley while offering the firm unprecedented capital access.
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