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Humain planning $10B VC fund to invest in US, European and Asian startups
The state-owned AI company from Saudi Arabia, Humain, has plans to launch a $10 billion venture capital (VC) fund, Humain Ventures, to invest in innovative startups from the United States, Europe, and Asia.
Humain, which specializes in AI technology advancements, is likely to push the boundaries of what's possible when it comes to artificial intelligence and machine learning. This ambitious move comes as a testament to the company's strong commitment to global innovation and growth.
The venture fund, Humain Ventures, aims to cement Saudi Arabia's position as a leading tech hub and bring in substantial investment opportunities for startups worldwide. With this massive $10 billion fund backing their projects, these startups will have the necessary resources and financing to excel in their respective fields.
What makes Humain Ventures particularly exciting is the potential-impact it will have on different sectors across continents. This fund will foster collaboration between businesses globally, resulting in greater innovation across multiple industries.
The announcement comes amidst a fast-progressing era of AI advancements. With the massive influx of funds provided by Humain Ventures, startups specializing in AI technologies stand a golden chance to expand their horizons, harness the power of AI to exponentially drive innovation, and strive for growth.
Humain's dedication to AI innovation is commendable. Their intention to bring together innovators from all corners of the globe speaks volumes about their ambitions for global tech leadership. The upcoming launch of Humain Ventures is set to become the multi-billion dollar catalyst needed to drive progress in the industry. Undoubtedly, this initiative will propel startups towards new heights and usher in a new era of Artificial Intelligence.
In conclusion, the planned $10 billion VC fund, Humain Ventures
Source: AI News & Artificial Intelligence | TechCrunch, Link
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