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      AI company Humain plans to raise $2.5 billion for data center investment fund

      PANews reported on September 4, according to Bloomberg, that AI company Humain is planning to raise its first $2.5 billion to establish a fund focused on investing in data centers. People familiar with the matter revealed that the fund will provide financing support for 250 megawatts of data center capacity built by Humain in cooperation with Al Moammar Information Systems, and the overall scale may expand to 1 gigawatt in the future.

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


      Source: PANews
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