Exclusive: Saudi AI firm HUMAIN to launch giant global VC fund this year
Saudi state-backed AI firm HUMAIN, chaired by Crown Prince Mohammed bin Salman and led by CEO Tareq Amin, plans to launch a very large global VC fund this year to accelerate frontier AI investments and tie them to compute commitments in Saudi data centers. HUMAIN has made a high-profile $3 billion investment in Elon Musk’s xAI and is expanding data center capacity and security amid regional tensions.
