Humain, which was launched earlier in the month, has already secured deals with Qualcomm, Nvidia, AMD, and Amazon. The company plans to expand its data center capacity to 1.9 gigawatts by 2030, with the goal of handling 7% of global AI training and inferencing. This ambitious project is expected to cost approximately $77 billion. The initiative aligns with a new Trump administration policy allowing U.S. tech suppliers to engage in business with Saudi Arabian firms.
Key takeaways:
- US President Donald Trump visited Abu Dhabi as part of a regional tour including Saudi Arabia and Qatar.
- Saudi Arabia's state-owned AI company, Humain, plans to launch a $10 billion venture fund called Humain Ventures to invest in startups globally.
- Humain is in discussions with major U.S. tech firms like Andreessen Horowitz, OpenAI, and Elon Musk’s xAI, and is considering selling an equity stake in its data center business.
- Humain aims to have 1.9 gigawatts of data center capacity by 2030, processing 7% of global AI training and inferencing, with an estimated cost of $77 billion.