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·10 hr ago·RSS
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Sources: Riyadh-based AI startup Humain is planning to raise an initial $2.5B fund to help finance data center capacity of 250 MW in Saudi Arabia (Omar El Chmouri/Bloomberg)

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AI summary

Riyadh-based AI startup Humain is reportedly planning to raise an initial $2.5 billion fund. This funding initiative aims to finance data center capacity of 250 MW within Saudi Arabia. The company intends to secure investments from both global and domestic investors to support its expansion in artificial intelligence infrastructure.