Humain, the state -owned company of Saudi Arabia, is on the way to launching a risk fund of $ 10 billion, Humain Ventures, which will invest in new companies in the United States, Europe and Asia, Financial Times reportedCiting Tareq Amin, CEO of Humain.
Humain is in conversations with US companies such as Andreessen Horowitz, Operai and Elon Musk’s XAI about their plans, and is also exploring an agreement with US colleagues. UU. To sell a capital participation in their data centers business, according to the report.
Amin did not reveal what these companies are, but they said that some are “mass names in the data center segment,” according to the report.
Humain launched earlier this month before a visit by the president of the United States, Donald Trump, and several allies of the technology industry. Under a New Trump administration initiativeAmerican technology suppliers, including NVIDIA and AMD, have been allowed to organize agreements with Saudi Arabia companies.
Until now, Humain has reached agreements with Qualcomm, Nvidia, AMD and Amazonand plans to have 1.9 capacity gigawatts of the data center by 2030. The plan is to process 7% of the global training and inference of AI by 2030, and the effort is expected to cost $ 77 billion, said the FT Amin.
