Saudi's Humain plans $10B fund for global startups

techcrunch.com

Saudi Arabia's state-owned AI company, Humain, plans to launch a $10 billion venture fund to invest in startups across the U.S., Europe, and Asia. Humain Ventures, led by CEO Tareq Amin, is in discussions with U.S. firms like Andreessen Horowitz and OpenAI. The company also seeks to sell equity in its data center business, aiming for 1.9 gigawatts of capacity by 2030. This initiative follows a new U.S. administration policy allowing tech deals with Saudi Arabia. Humain has already partnered with Qualcomm, Nvidia, AMD, and Amazon, with a goal to process 7% of global AI training by 2030.


With a significance score of 4.4, this news ranks in the top 3.6% of today's 29967 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 10,000+ subscribers: