Saudi Arabia's Public Investment Fund owns an artificial intelligence company called Humain. The company has started preparing for a possible public offering.
Humain's CEO, Tareq Amin, posted an announcement asking for a specialized team to handle the offering. This came just 16 months after the company was founded.
The announcement did not include a timetable or a size for the offering. It did show how much the company has built in a short period.
Humain officially launched on May 12, 2025. Saudi Crown Prince Mohammed bin Salman announced the company that day.
The company was built to cover the full artificial intelligence value chain. That includes data centers, cloud infrastructure, AI models, and apps, with a focus on the Arabic language.
Partnerships built the ecosystem
The day after launch, Humain announced a deal with Nvidia. The project covers up to 500 megawatts of capacity over five years.
Amazon Web Services also joined in, committing more than $5 billion toward an AI zone in Saudi Arabia. The partnership later expanded through an initiative called Humain One.
Qualcomm signed on as well, agreeing to help build data centers and hybrid AI services. That relationship later grew to include chips and enterprise computers.
In August 2025, Humain launched its own chat product, called Humain Chat. It runs on a language model named Allam, built with Arabic culture in mind.
The company later unveiled a computer called Horizon Pro. It followed that with an enterprise platform called Humain One, built to run AI agents for business tasks.
Humain kept adding partners through the rest of the year. Deals with AMD, Cisco, Blackstone, and AirTrunk added more data center capacity to its network.
In February, Humain invested $3 billion in xAI. That investment was later converted into shares of SpaceX after its acquisition of xAI.
Financing the next phase
In August, Humain expanded its partnership with Microsoft, making its Allam model available through Microsoft's AI tools. Adobe also joined in, building an image model for Saudi culture and offering free tools to more than 27 million people.
By early September, Humain turned its attention to financing. The company began raising $2.5 billion for a fund that will invest in Saudi data centers.
Humain had also picked Goldman Sachs earlier this year to help arrange a financing package. That package is worth at least $5.33 billion and will help fund data centers and computer chips.
The company has set a broad target for itself. Its plan calls for a listing on the Saudi exchange and the New York exchange by 2029.
Humain's CEO said last November that the goal is for Saudi Arabia to become the third largest country in AI infrastructure, behind the United States and China.
