AI Firm Humain Plans $2.5 Billion Data Center Investment Fund

AI company Humain is planning to raise $2.5 billion for its inaugural fund dedicated to data center investments. The fund will support the development of 250 megawatts of data center capacity in partnership with Al Moammar Information Systems, with potential expansion to 1 gigawatt in the future. Backed by Saudi Arabia's Public Investment Fund (PIF), Humain aims to bolster local AI computing power and infrastructure to meet rising demand.