Saudi Arabia's Humain to Launch $10 Billion Venture Fund for Global AI Startups

Saudi Arabia's state-owned AI company, Humain, is set to launch a $10 billion venture fund called Humain Ventures, which will focus on investing in startups across the U.S., Europe, and Asia, according to The Financial Times. Humain's CEO, Tareq Amin, revealed this ambitious plan, which includes ongoing discussions with major U.S. firms such as Andreessen Horowitz, OpenAI, and Elon Musk's xAI. Additionally, Humain is exploring potential deals to sell equity stakes in its data center business to U.S. companies, though Amin did not disclose the specific names of these firms. He mentioned, however, that they are "massive names" within the data center industry. Humain was formed just before a visit by U.S. President Donald Trump and several high-profile tech industry leaders. This timing aligns with a new initiative from the Trump administration that allows U.S. tech suppliers, including Nvidia and AMD, to enter into agreements with Saudi entities. To date, Humain has already secured significant partnerships with Qualcomm, Nvidia, AMD, and Amazon. The company aims to achieve 1.9 gigawatts of data center capacity by 2030, with the goal of processing 7% of global AI training and inferencing by the same year. Amin estimates that this strategic undertaking will require an investment of around $77 billion. The launch of Humain Ventures underscores Saudi Arabia's commitment to becoming a leading player in the AI and technology sectors. By fostering collaborations and investments with international startups, Humain intends to drive innovation and expand its technological capabilities. This move could also have broader implications for the global tech landscape, potentially reshaping the way AI and data center services are developed and deployed.