News Summary

Humain, Saudi Arabia’s state-owned AI company, is set to launch a $10 billion venture fund named Humain Ventures. This fund aims to invest in startups across the United States, Europe, and Asia, focusing on AI and technology sectors. The initiative is part of a larger strategy to process 7% of global AI training and inferencing by 2030. Humain is in discussions with U.S. companies like Andreessen Horowitz, OpenAI, and Elon Musk’s xAI, and plans to sell an equity stake in its data center business. The fund seeks to support innovative companies poised to make significant contributions to the AI sector.