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Humain Ventures: A $10 Billion Venture Fund in the Works
Humain, the state-owned AI company from Saudi Arabia, is gearing up to launch Humain Ventures, a $10 billion venture fund set to invest in startups across the U.S., Europe, and Asia, as reported by the Financial Times. Tareq Amin, CEO of Humain, shared insights into the company’s ambitious plans.
Partnerships and Expansion
Humain is currently in discussions with prominent U.S. firms such as Andreessen Horowitz, OpenAI, and Elon Musk’s xAI regarding its future endeavors. Additionally, the company is exploring potential collaborations with U.S. businesses to sell a stake in its data center operations, aiming to solidify its position within the industry.
Strategic Growth and Global Impact
Having recently debuted ahead of a visit by U.S. president Donald Trump and key figures from the tech industry, Humain has already secured partnerships with major players like Qualcomm, Nvidia, AMD, and Amazon. With plans to ramp up data center capacity to 1.9 gigawatts by 2030, Humain aims to play a significant role in global AI training and inferencing, projecting to process 7% of the global workload by the end of the decade at an estimated cost of $77 billion, as highlighted by Amin in the FT report.
