Saudi Arabia’s new state-owned artificial intelligence company will seek investment from top US tech companies and will launch a $10bn venture capital fund as it leads the kingdom’s effort to become a global AI hub. Tareq Amin, chief executive of Humain, told the Financial Times he was in talks with American groups including OpenAI, Elon Musk’s xAI and Andreessen Horowitz about its ambitious plans. He said it was seeking a US tech group to become an equity partner in Humain’s data centre business, which aims to become one of the world’s biggest AI infrastructure providers, but declined to say which American companies were interested in such a deal. “We are in discussions with all of them,” Amin said in his first interview since Humain’s launch this month. “Some of them, which you will hear about very soon, are massive names in the data centre segment.” The 52-year-old said its VC fund, Humain Ventures, would launch this summer with an initial $10bn to spend in start-ups in the US, Europe and parts of Asia. Humain is seeking to use Saudi Arabia’s financial might to gain a central role in almost every aspect of the burgeoning AI industry — from investing, infrastructure and chip design.

Full report : Humain, Saudi Arabia’s new state-owned AI company, says it is seeking investment from US tech companies and investors, and plans to launch a $10 billion VC fund.