Artificial intelligence company Humain plans to raise 2.5 billion USD to establish a data center investment fund

According to Bloomberg, the artificial intelligence company Humain is planning to raise its first $2.5 billion in funding to establish a fund focused on investing in data centers. Sources revealed that the fund will provide financing support for the 250 megawatt data center capacity being constructed in collaboration with Al Moammar Information Systems, with the overall scale potentially expanding to 1 gigawatt in the future.

It is reported that Humain, supported by the Saudi sovereign wealth fund Public Investment Fund (PIF), is promoting the development of local AI computing power and data center infrastructure to meet the growing demand for AI computing.