Saudi Arabia's Public Investment Fund (PIF)-backed AI company, Humain, is actively seeking US tech investors and planning to launch a $10 billion venture fund. This initiative aims to establish Saudi Arabia as a global AI hub, leveraging the kingdom's financial resources to attract international partnerships and expertise. Humain's strategy includes significant investments in AI infrastructure, such as next-generation data centres and cloud capabilities, with a focus on developing advanced AI models, including Arabic large language models.
The company's efforts align with Saudi Arabia's Vision 2030, which seeks to diversify the national economy by reducing reliance on oil and fostering technological innovation. Humain has already forged partnerships with major US tech firms like Nvidia and AMD, securing access to critical AI hardware and software. These collaborations aim to build a comprehensive AI ecosystem within Saudi Arabia, driving economic growth and creating high-skilled jobs. The planned venture fund will further support these ambitions by attracting additional investment and accelerating the development of AI technologies and applications in the region.
Humain's collaboration with Amazon Web Services (AWS) involves a $5 billion investment to establish an 'AI Zone' in Saudi Arabia, featuring dedicated AI infrastructure and services. This zone will support the development of AI solutions for various sectors and contribute to creating a unified AI agent marketplace. These strategic moves highlight Saudi Arabia's commitment to becoming a key player in the global AI landscape, fostering innovation, and driving economic transformation.
