Humain planning $10B VC fund to invest in US, European and Asian startups

Humine, a state -owned AI company from Saudi Arabia, is on the way to launch a $ 10 billion initiative, Humine Ventures, which will invest in Startups in the US, Europe and Asia, Financial Times ReportHuman CEO quotes Tarek Amin.

According to the report, Humine is in talks with US companies such as Andresen Horovits, OpenAEE and Elon Mask Jai, and is also searching for US companies to sell an equity portion of its data center business, reports.

According to the report, Amin did not disclose which companies were, but said some of the “Data Center category”.

US President Donald Trump and several technology industry allies launched Humine earlier this month before this visit. Under New Trump administration initiativeUS technology suppliers, including Nvidia and AMD, have been allowed to arrange an agreement with Saudi Arabia companies.

Till now Humine has signed a contract with Qualcomm, Nvidia, AMD and AmazonAnd there are plans to have a capacity of 1.5 GHz data centers by 20. The plan is planning to process Global AI training and infernsing % in the plan by 20, and this effort is expected to spend about $ 77 billion dollars, FT Amin said.