Humane prepares a global investment fund exceeding $10 billion to link financing with computing and Saudi data centres
Listen to this article
Read by Anchor
Saudi AI firm “Humane” is preparing to launch a massive capital investment fund this year that could exceed $10 billion, aiming to strengthen the kingdom’s position at the forefront of advanced technology and accelerate the pace of high quality investments globally and locally.
The company rejects passive investment and imposes clear operational conditions on recipients of its financing.The fund requires supported companies to commit to using Saudi data centers for part of their computing operations, or to relocate employees and work teams within the kingdom. Alongside the global fund, which will open offices in the United States, the United Kingdom, France and Saudi Arabia, the company is establishing the “Humane Ltd.” arm dedicated exclusively to investing in AI companies and developing them within the Saudi market.
The move is driven by the company’s early investment successes, foremost a $3 billion investment in “XAI” before its merger with SpaceX and its public listing, together with the Public Investment Fund’s ownership of a $26 billion stake in SpaceX. Humane, founded in May 2025 under the umbrella of the Public Investment Fund and Aramco and chaired by Crown Prince Mohammed bin Salman, holds stakes in startups such as “Luma AI”, and is developing its own portable computer, a dedicated operating system, and strategic partnerships with tech giants such as Nvidia, Qualcomm and Groq.
Reducing computing costs by roughly 30 percent compared with global markets is a core pillar for attracting international demand.The company plans to build data centers with a capacity of 6 gigawatts by 2034, after securing a formal commitment from the Saudi Ministry of Energy to provide 16 gigawatts of power. Pre purchase agreements signed with major global cloud computing firms have accelerated financing of these facilities through bank loans backed by commercial contracts, alongside a $3 billion partnership with “Blackstone” to fund data center projects.
On the security and regulatory front, the company has reinforced its geographically distributed infrastructure against regional risks, applying the resilience and protection models used by Aramco to secure national critical facilities. The strategic agreement with the U.S. government also enables the company to obtain the advanced chips and semiconductors it needs, with a regulatory commitment that prohibits training advanced Chinese models on its infrastructure while allowing inference using open source Chinese models within Saudi data centers.
This shift imposes a new practical reality on companies, developers and technical decision makers in the Gulf, Egypt and the region, as it provides computing and inference capabilities at a cost roughly one third lower, reducing operating budgets for models and intelligent systems in regional enterprises. It also creates a unprecedented financing pathway for startups that agree to localize their talent or run their infrastructure in the kingdom, and sets clear boundaries for dealing with Chinese models by restricting them to inference, preventing local projects from conflicting with export controls and international standards governing AI hardware.