Saudi Arabia's Humain Plans $10B AI Venture Fund with US Tech Talks

Saudi Arabia has launched Humain, a state-backed AI company aiming to become a global leader in artificial intelligence infrastructure, investment, and chip design. Humain plans to launch a $10 billion venture capital fund, Humain Ventures, this summer to invest in startups across the U.S., Europe, and Asia, and is seeking U.S. tech partners for equity stakes in its data center business. The company is in talks with major U.S. firms such as OpenAI, Elon Musk's xAI, and Andreessen Horowitz, and has already secured $23 billion worth of deals with key tech players like Nvidia, AMD, Amazon Web Services, and Qualcomm. Humain aims to build 1.9 gigawatts of data center capacity by 2030, expanding to 6.6GW by 2034, positioning itself to handle 7% of global AI training and inferencing workloads, with an estimated total investment of $77 billion. The initiative, backed by Saudi Arabia's $940 billion Public Investment Fund and chaired by Crown Prince Mohammed bin Salman, was unveiled around U.S. President Donald Trump's visit to Riyadh, which included tech industry leaders. This ambitious strategy reflects Saudi Arabia's intent to leverage its financial power to become a central player in the AI industry, rivaling established U.S. and Chinese tech giants.