Humain planning $10B VC fund to invest in US, European and Asian startups

In Brief: Saudi Arabia's state-owned AI company Humain plans to launch a $10 billion venture fund to invest in startups globally, including the U.S., Europe, and Asia. The company, founded ahead of President Trump's visit due to new trade agreements with Saudi Arabia, is in talks with major tech firms like Andreessen Horowitz and Elon Musk’s xAI. Humain aims to boost its data center capacity to 1.9 GW by 2030 while processing 7% of global AI training and spending nearly $80 billion on this effort.