By Riyadh, May 28, 2025 — In a bold move to cement its position at the forefront of artificial intelligence (AI), Saudi Arabia has launched a $10 billion venture capital fund through its state-backed AI company, HUMAIN. This initiative, announced during the Future Investment Initiative in Riyadh, aims to invest in AI startups across the U.S., Europe, and Asia, focusing on foundational AI models, robotics, cognitive infrastructure, and applied AI solutions across multiple industries.
HUMAIN, established on May 12, 2025, under the auspices of Crown Prince Mohammed bin Salman and the Public Investment Fund (PIF), is central to the Kingdom’s Vision 2030 strategy to diversify its economy and reduce dependence on oil revenues. The company plans to develop cutting-edge AI technologies and infrastructure, including next-generation data centers and advanced AI models, with the goal of positioning Saudi Arabia as a global leader in AI innovation.
Strategic partnerships have been forged with leading tech giants to bolster HUMAIN’s capabilities. Nvidia has agreed to supply at least 18,000 of its advanced AI chips to support HUMAIN’s initiatives, while Amazon Web Services plans to establish a $5 billion AI Zone in the Kingdom. These collaborations are part of a broader effort to build a robust AI ecosystem in Saudi Arabia.
The launch of HUMAIN and its substantial venture fund underscores Saudi Arabia’s commitment to becoming a hub for technological advancement. By investing heavily in AI infrastructure and fostering international collaborations, the Kingdom aims to drive innovation, create high-tech job opportunities, and contribute to the development of a knowledge-based economy.
As the global race for AI supremacy intensifies, Saudi Arabia’s strategic investments through HUMAIN reflect its ambition to play a pivotal role in shaping the future of technology.
