The state-owned company Humain from Saudi Arabia has announced the launch of a $10 billion venture fund aimed at investing in AI startups in the US, Europe, and Asia. Humain’s CEO Tarek Amin stated that negotiations are ongoing with companies such as OpenAI, Andreessen Horowitz, and xAI.
This is reported by Finway
As part of this fund, the company is also considering the possibility of partially selling stakes in its own data centers to American partners. Amin did not disclose details about the partners but noted that they are among the “largest players in the data processing field.” According to him, Humain is actively discussing strategic cooperation and asset exchange in the AI infrastructure sector.
Humain’s Strategies and Plans
The Humain initiative was presented in early May 2025, shortly before the visit of US President Donald Trump and representatives from the tech sector to Riyadh. Against the backdrop of this new White House initiative, chip manufacturers, including Nvidia and AMD, were allowed to collaborate with Saudi companies.
Currently, Humain has already signed agreements with giants such as Nvidia, AMD, Amazon, and Qualcomm. By 2030, the company plans to deploy 1.9 GW of data center capacity, which will enable it to take on up to 7% of the global load for training and deploying AI models. The total budget for this initiative is estimated at $77 billion.
“OpenAI acquired the startup of former Apple chief designer for $6.5 billion.”