<ul><li>Saudi Arabia unveils a $10 billion venture capital fund through its state-backed AI company, Humain, to become the AI leader in the Middle East.</li><li>Humain plans to launch Humain Ventures, a new venture fund targeting startups globally, and build significant data center capacity by 2030.</li><li>The company aims to handle 7% of the world's AI training and inferencing workloads by 2030 and has secured deals with major tech firms like Nvidia, AMD, Amazon, and Qualcomm.</li><li>Crown Prince Mohammed bin Salman chairs Humain as part of Saudi Arabia's strategy to diversify the economy with a focus on AI and collaboration with U.S. tech companies.</li></ul>

Saudi Arabia Unveils $10 Billion VC Fund in Race for Middle East’s AI Crown

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