Saudian Public Fund Unveiled Its New AI Company Humain

Saudi Arabia’s Public Investment Fund (PIF) presented Humain, a new company focused on AI development. It was founded as part of the nation’s push to become a globally competitive hub in the field.

PIF stated that Humain will invest across the AI value chain. It will provide a range of services, products, and tools, including next-generation data centers, infrastructure, cloud capabilities, and advanced AI models. It will also offer one of the world’s most powerful multimodal Arabic large language models.

Launched by PIF chairman and the country’s Crown Prince Mohammed bin Salman, Humain builds on his long-standing goal for Saudi Arabia to become a global center for data and AI, as well as contributing to a wider push around the technology sector. The company took the opportunity from the US officials and investors meeting to sign contracts with industry giants, such as Nvidia, Qualcomm, Amazon, AMD, and others.

PIF explained that its companies are actively investing in building an AI ecosystem and fostering international partnerships, allowing partners to benefit from Saudi Arabia’s value proposition, including its strategic location at the nexus of three continents. The investment fund argued that this enables large volumes of data to be processed, while it further pointed to a tech-savvy population that supports AI research and innovation. Serving as a global and regional hub, Humain added that it will look to incorporate and develop AI across several strategic sectors, including energy, healthcare, manufacturing, and financial services.