Artificial intelligence company Humain plans to raise $2.5 billion for a data center investment fund

Odaily Planet Daily News: Artificial intelligence company Humain is planning to raise an initial $2.5 billion to establish a fund focused on investing in data centers. Sources familiar with the matter revealed that the fund will provide financing support for the 250-megawatt data center capacity being built through Humain's partnership with Al Moammar Information Systems, with the overall scale potentially expanding to 1 gigawatt in the future.

It is understood that Humain, backed by Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), is advancing local AI computing power and data center infrastructure development to accommodate the growing demand for AI computing. (Bloomberg)