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Humain planning $10B VC fund to invest in US, European, and Asian startups
Humain, the state-owned AI company from Saudi Arabia, is reportedly on track to launch a $10 billion venture fund, Humain Ventures.
Humain is in talks with U.S. firms like Andreessen Horowitz, OpenAI and Elon Musk’s xAI about its plans, and is also exploring a deal with U.S. companies to sell an equity stake in its data center business, the report said. Under a new Trump administration initiative, U.S. tech suppliers, including Nvidia and AMD, have been allowed to arrange deals with Saudi Arabian firms. The plan is to process 7% of global AI training and inferencing by 2030, and the endeavor is expected to cost about $77 billion, the FT quoted Amin as saying.
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