HUMAIN in talks with global firms to invest in data centers: Report

HUMAIN is in early stage talks with Blackstone and BlackRock to invest significant capital into its data centers

HUMAIN, Saudi Arabia’s Public Investment Fund (PIF)-owned AI firm, is in preliminary talks with global private investment firms such as Blackstone and BlackRock regarding a partnership to invest significant capital into its data centers and related infrastructure, Bloomberg reported, citing sources familiar with the matter.

The firms are considering allocating billions of dollars to HUMAIN, although no final decisions have been made on the structure or size of the potential partnership.

According to data available on Argaam, Saudi Arabia’s Crown Prince and Prime Minister Mohammed bin Salman launched HUMAIN in May to develop and manage AI solutions and technologies, as well as investing in the broader AI ecosystem.

HUMAIN aims to offer cutting-edge AI models and applications, including the development of one of the most advanced Arabic-language large language models (LLMs), in addition to next-generation data centers and cloud computing infrastructure.

In May, Nasdaq-listed Amazon subsidiary, Amazon Web Services (AWS), and HUMAIN announced plans to invest over $5 billion in a strategic partnership to develop an AI zone in Saudi Arabia.