Saudi Arabia's Humain seeks US tech investment for AI

ft.com [$]

Saudi Arabia's new AI company, Humain, plans to launch a $10 billion venture fund and seek investments from top US tech firms to become a global AI leader. This initiative is backed by the Public Investment Fund. Humain, led by CEO Tareq Amin, is in talks with OpenAI, xAI, and Andreessen Horowitz, aiming to establish a significant data center presence. The company has already secured $23 billion in deals with US tech groups, including Nvidia and AMD. This move reflects Saudi Arabia's broader strategy to diversify its economy and become a "data exporter," aligning with the kingdom's Vision 2030 plan. The company aims to process 7% of global AI training by 2030.


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Saudi Arabia's Humain seeks US tech investment for AI | News Minimalist