The ‘Switzerland’ of AI: Saudi Arabia’s big AI bet
HUMAIN CEO Tareq Amin says the Kingdom plans to transform its economy and become a global AI leader.
Saudi Arabia aims to become a global AI superpower by investing billions to establish its own AI hub. Company HUMAIN, backed by state funds, seeks to become a "Switzerland" for open AI models that sidesteps the US-China rivalry. CEO Tareq Amin plans to raise capital through a mix of shareholder funds and external investors, with a goal of being 30% shareholder-financed and 70% third-party.
HUMAIN plans to build 3 gigawatts of data centers to support AI inferencing and host frontier models. The company's ability to secure a $3 billion investment from Blackstone and other investors demonstrates growing confidence in Saudi Arabia's AI ambitions.
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