Saudi Arabia launches $100 billion AI fund as Gulf states race to diversify beyond oil - Silicon Canals

"Saudi Arabia announced on Tuesday the creation of a $100 billion fund dedicated to artificial intelligence investment, a move that represents the single largest sovereign commitment to the technology anywhere in the world. The fund, named Humain, will operate as an independent company backed by the Public Investment Fund (PIF) and will invest in AI infrastructure, data centres, and the development of foundational AI models - with an explicit mandate to position the Kingdom as a global hub for artificial intelligence."

"To understand how staggering $100 billion is in this context, consider that the entire global venture capital investment into AI startups in 2024 totalled roughly $100 billion, according to CB Insights. Saudi Arabia is essentially matching, with a single fund, what the entire planet's private investors deployed across thousands of deals over an entire year."

"The announcement came during a visit by US President Donald Trump to Riyadh, where the two nations signed a series of economic agreements reportedly worth over $600 billion. The AI fund sits at the centre of a broader strategic package that includes defence procurement, energy partnerships, and - critically - technology transfer agreements with American companies including Nvidia, AMD, and Google."

Saudi Arabia announced the creation of Humain, a $100 billion fund dedicated to artificial intelligence investment, representing the world's largest sovereign commitment to AI technology. Backed by the Public Investment Fund, Humain will invest in AI infrastructure, data centres, and foundational AI models to establish the Kingdom as a global artificial intelligence hub. This commitment matches the entire global venture capital investment in AI startups for 2024. The announcement occurred during President Trump's visit to Riyadh, alongside broader economic agreements worth over $600 billion. Humain will partner directly with major American technology companies including Nvidia, AMD, and Google for technology transfer and infrastructure development within Saudi Arabia.

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