Plans $10bn venture fund to invest in AI companies
The Saudi Arabian government's new artificial intelligence company, Humain, is looking for a US partner as it plans a massive data center buildout.
Humain was launched earlier this month as a subsidiary of the country's Public Investment Fund (PIF) and announced a slew of data center deals during President Donald Trump’s visit to Saudi Arabia.
The company said that it would buy 18,000 Nvidia GB300 chips with "several hundred thousand" more on the way, that it was partnering with AWS for a $5bn 'AI Zone,' signed a deal with AMD for 500MW of compute, and deployed Groq chips for inference.
It has also signed MoUs with Qualcomm and Cisco.
Now, Humain CEO Tareq Amin is looking for a US tech group to become an equity partner in its data center business, he told the Financial Times in an interview.
“We are in discussions with all of them,” Amin said. “Some of them, which you will hear about very soon, are massive names in the data center segment.”
How much of Humain's data center focus will be on Saudi-based facilities is unclear - its AMD deal mentions sites in the US.
At first, it plans to build a 50MW data center with 18,000 Nvidia GPUs for next year, increasing to 500MW in phases. It also has 2.3 square miles of land in the Eastern Province, which could host ten 200MW data centers.
The company has a target of establishing 1.9GW of data center capacity by 2030, increasing to 6.6GW four years later, Amin said. At current market rates, the project would cost $77bn, he added.
By 2030, the company hopes to process seven percent of the globe's training and inference workloads.
For the facilities deployed in the kingdom, Riyadh will subsidize electricity prices.
Alongside the data center investments, the company plans to launch the 'Humain Ventures' VC fund this summer with $10bn to invest in startups in the US, Europe, and Asia.
