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Odaily News: Humain, an artificial intelligence company backed by Saudi Arabia's sovereign wealth fund PIF, has released its AI model "humain-m3," built on China's MiniMax M3. Humain stated that humain-m3 is designed to strengthen the Arabic AI ecosystem and drive cutting-edge AI development. The release also reflects that a growing number of countries are seeking greater control over key AI technologies through independent AI platforms and open-source models.Previously reported, Humain also announced plans 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 developed in partnership with Al Moammar Information Systems, with the potential for the overall scale to expand to 1 gigawatt in the future. (Bloomberg)
According to Bloomberg, AI company Humain is planning to raise its first $2.5 billion in funding to establish a fund dedicated to data center investments. Sources familiar with the matter said the fund will finance 250 megawatts of data center capacity being developed in partnership with Al Moammar Information Systems, with the total scale potentially expanding to 1 gigawatt in the future. Backed by Saudi Arabia’s Public Investment Fund (PIF), Humain is advancing local AI compute and data center infrastructure to meet growing demand for AI processing.