Humain Planning the VC $ 10B Investment Fund in American, European and Asian starters

Humain, the state -owned artificial intelligence company from the Kingdom of Saudi Arabia, is on the right path to launch a $ 10 billion project fund, Humain Ventures, which will invest in startups in the United States, Europe and Asia, and Financial Times I mentionedQuoted from Tareq Amin, CEO of Humain.

The report said that Humain is holding talks with American companies such as Andressen Horowitz, Openai and Elon Musk’s XAI about their plans, and also explores a deal with American companies to sell a share in the field of data center.

Amin did not reveal these companies, but he said that some of them are “huge names in the data center sector,” according to the report.

Humain was launched earlier this month before the visit of US President Donald Trump and many allies of the technology industry. Under a The new Trump Administration InitiativeAmerican technology suppliers, including NVIDIA and AMD, were allowed to arrange deals with Saudi companies.

To date, Humain has made deals with Qualcomm, Nvidia, AMD and AmazonAnd it plans to carry 1.9 GB of the data center capacity by 2030. The plan is to process 7 % of global artificial intelligence training and its conclusion by 2030, and the endeavor is expected to cost about 77 billion dollars, and Amin FT quoted her saying.