AI company Humain is planning to raise $2.5 billion for a fund dedicated to data center investments. The fund will finance 250 megawatts of capacity in partnership with Al Moammar Information Systems, with potential expansion to 1 gigawatt. Humain is backed by Saudi Arabia's sovereign wealth fund PIF, aiming to boost local AI computing infrastructure.
Artificial intelligence company Humain is planning to raise $2.5 billion for a new fund dedicated to investing in data centers, according to people familiar with the matter. The fund will provide financing for 250 megawatts of data center capacity being developed in partnership with Al Moammar Information Systems, with the potential to scale up to 1 gigawatt in the future.
Humain is backed by Saudi Arabia's Public Investment Fund (PIF) and is driving the development of local AI computing and data center infrastructure to meet growing demand for AI compute power. The news was reported by Bloomberg.
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