Humain Ventures Plans $10 Billion Venture Fund To Invest In Global Startups

Humain, the Saudi state-owned AI company led by CEO Tareq Amin, is planning to launch a $10 billion venture fund—Humain Ventures—to invest in startups across the U.S., Europe, and Asia, according to the Financial Times. The company is in discussions with major U.S. players like Andreessen Horowitz, OpenAI, and Elon Musk’s xAI, and is exploring the sale of an equity stake in its data center business to leading American firms. Recently launched, Humain has already partnered with Qualcomm, Nvidia, AMD, and Amazon, and aims to power 7% of global AI processing by 2030 with 1.9GW of data center capacity, part of a broader $77 billion infrastructure effort. HQ: #Riyadh #SaudiArabia #VentureCapital #Humain #TareqAmin #TradedVC