Saudi Wealth Fund-Backed AI Firm Humain Set To Reveal New US Partnerships: Report

• The report stated that these deals are expected to follow on from an agreement for the U.S. to approve a large semiconductor sale to the country.
• Semafor noted that it was unclear how many of the deals would be new and substantive.
• On Tuesday, Amazon-backed AI startup Anthropic announced that it has committed to buying $30 billion in Azure compute capacity.

Humain, a Saudi Arabia sovereign wealth fund-backed artificial intelligence company, is reportedly looking to announce a set of new deals with several U.S. companies tomorrow.

According to a Semafor report, citing people familiar with the matter, Humain is planning to announce multi-gigawatt data center buildings in collaboration with companies including Amazon, AMD, xAI, and GlobalAI.

The report added that these deals are expected to follow on from an agreement for the U.S. to approve a large semiconductor sale to the country.

Recent AI Deals

Several tech companies have recently signed deals to set up data centers, a move that comes amid concerns about an AI boom, as investors, including Michael Burry, have highlighted worries about certain big-name tech stocks such as Nvidia Corp and Palantir.

On Tuesday, Amazon (AMZN)-backed AI startup Anthropic announced that it has committed to buying $30 billion in Azure compute capacity. In early November, Amazon Web Services (AWS) and OpenAI announced a multi-year, strategic partnership that provides AWS’s infrastructure to run and scale the ChatGPT maker’s core artificial intelligence (AI) workloads.

OpenAI and AWS said that under the $38 billion agreement, which is expected to continue growing over the next seven years, OpenAI is accessing AWS compute, comprising hundreds of thousands of Nvidia Graphics Processing Units.

Details On Humain’s Deals

Semafor noted that it was unclear how many of the deals would be new and substantive, or the result of progress on agreements announced during U.S. President Donald Trump’s visit to Riyadh in May.

The report noted that, if the agreement comes on Wednesday, Riyadh could likely gain access to a large volume of AI chips for some pre-approved uses. 

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