Sources: 
Saudi Arabia's state-owned AI company, Humain, is ambitiously targeting to process
7% of global AI training and inferencing by 2030, backed by a massive investment of
$77 billion. This strategic move positions Humain as a significant player in the global AI ecosystem.
The company is also preparing to launch
Humain Ventures, a $10 billion venture fund aimed at investing in AI startups across the U.S., Europe, and Asia. This fund reflects Humain's commitment to fostering innovation and expanding its influence in the AI sector.
According to Tareq Amin, Humain's CEO, the firm is actively engaging with prominent U.S. entities such as
Andreessen Horowitz, OpenAI, and Elon Musk's xAI. These discussions include potential partnerships and equity deals, particularly concerning Humain's data center business.
"The plan is to process 7% of global AI training and inferencing by 2030," Amin told The Financial Times, highlighting the scale and ambition of the project.
This initiative not only underscores Saudi Arabia's growing role in the AI industry but also signals a strategic push to integrate with leading global AI innovators and investors. The combination of substantial capital investment and international collaboration could accelerate AI development and deployment worldwide.
Humain's approach exemplifies a blend of state-backed funding and private sector partnerships, aiming to carve out a significant share of the AI training market within the next decade.
Sources: Saudi Arabia's state-owned AI firm Humain aims to handle 7% of global AI training by 2030, investing $77 billion. The company plans a $10 billion venture fund targeting startups worldwide and is negotiating with U.S. firms including Andreessen Horowitz, OpenAI, and xAI for partnerships and equity sales.
