PIF-backed AI outfit Humain plans to launch a USD 10 bn venture capital fund this summer, targeting AI startups across the US, Europe, and parts of Asia, Humain CEO Tareq Amin told the Financial Times. The company is in talks with several US tech groups, including OpenAI, xAI, and Andreessen Horowitz about its plans, Amin said.

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Humain is seeking a US tech partner for its data center business, which aims to become one of the world’s largest AI infrastructure providers. While Amin did not specify the names, he indicated that talks are progressing with several major players in the sector.

Data security and sovereignty are top of mind. Customers will have access to real-time audits of data usage, Amin Said. Upcoming Saudi legislation is expected to allow data centers to fall under the jurisdiction of the tenant AI company’s home country. Still, it is uncertain whether this approach will satisfy stringent data sovereignty rules, such as those in the EU, which restrict storing sensitive data in foreign jurisdictions.

What’s next? Humain plans to begin chip procurement within 30 days, with an initial 50MW data center — powered by 18k Nvidia chips — set to launch in 2026, before scaling up to 500MW over time. The company is also planning a massive Riyadh data center park, three times the size of Groq’s USD 1.5 bn AI inference node.

Looking ahead, the company targets establishing 1.9 GW of data center capacity by 2030, with plans to reach 6.6 GW in 2034. The buildout is projected to cost around USD 77 bn at current market rates. By 2030, Humain hopes to handle 7% of the global AI training and inferencing workload.

Since launching earlier this year, Humain has signed USD 23 bn worth of agreements with US tech firms, including Nvidia, AMD, Amazon Web Services, and Qualcomm, Amin said.

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