Saudi-based artificial intelligence company “Humain”, a subsidiary of the Public Investment Fund (PIF), has announced plans to launch a $10 billion venture capital fund this summer, aiming to solidify the Kingdom’s global role in AI innovation.
In his first interview with the Financial Times since the company’s launch, CEO Tareq Amin revealed that talks are ongoing with major U.S. tech companies, including OpenAI, Elon Musk’s xAI, and Andreessen Horowitz, to secure strategic investments and partnerships.
The fund, dubbed Humain Ventures, will focus on early-stage investments across the United States, Europe, and parts of Asia, aligning with Saudi Arabia’s ambition to be a hub for AI and deep tech innovation.
During the Saudi–U.S. Investment Forum, “Humain” signed multiple strategic agreements with major U.S. tech firms, projected to create over 22,000 high-value jobs in Saudi Arabia and add $24 billion to the GDP by 2030.
Among the deals is a strategic partnership with NVIDIA, through which Humain will receive 18,000 GB300 Grace Blackwell AI chips as an initial batch—part of one of the largest AI infrastructure deals in the region.
Another key deal includes a $10 billion agreement with AMD, aiming to build 500 megawatts of computing capacity over five years and develop a next-gen cloud platform, with operations starting in 2026.
