Saudi Arabia’s Humain Plans $10 Billion VC Fund Targeting AI Startups Globally

Humain, Saudi Arabia’s state-owned AI firm, is reportedly preparing to launch a substantial $10 billion venture fund, named Humain Ventures, to invest in promising startups across the United States, Europe, and Asia. According to a report by The Financial Times, this initiative is spearheaded by Humain’s CEO, Tareq Amin, marking a significant push into the global AI investment landscape. [1]

Humain is actively engaging with key U.S. players, including venture capital giant Andreessen Horowitz, AI research and deployment company OpenAI, and Elon Musk’s xAI. These discussions revolve around Humain’s investment strategies and potential collaborations. Furthermore, Humain is considering divesting a stake in its data center business to U.S. firms, signaling a broader effort to integrate into the U.S. tech ecosystem.

While CEO Amin refrained from disclosing the specific companies involved in the data center equity discussions, he emphasized that these are “massive names in the data center segment,” suggesting high-profile partnerships are in the works.

The launch of Humain earlier this month coincided with a visit by then U.S. President Donald Trump and several tech industry leaders. A new initiative under the Trump administration has paved the way for U.S. tech suppliers, such as Nvidia and AMD, to forge deals with Saudi Arabian entities, bolstering the Kingdom’s AI capabilities. [2]

To date, Humain has already established partnerships with Qualcomm, Nvidia, AMD, and Amazon, demonstrating its commitment to building a robust AI infrastructure. The company aims to achieve a data center capacity of 1.9 gigawatts by 2030, with plans to process 7% of global AI training and inferencing. This ambitious undertaking is projected to require an investment of approximately $77 billion, according to the Financial Times.