Humain is planning to raise its first $2.5 billion fund for data center investments, according to Bloomberg, revising an earlier report that the company was considering a fund of up to $3 billion. The fund is expected to finance 250 megawatts of capacity that Humain is building with Al Moammar Information Systems, a project that people familiar with the matter said could eventually expand to 1 gigawatt. Backed by Saudi Arabia’s Public Investment Fund, Humain is developing local AI computing capacity and data center infrastructure to meet rising demand. The initiative adds to broader financing and partnership efforts involving Goldman Sachs, the National Infrastructure Fund and other strategic investors. Humain targets 6 GW of AI data center capacity by 2034, including 1.9 GW by 2030, and has secured land access for up to 14 GW across 211 plots. Its broader plans include a $1.2 billion National Infrastructure Fund framework for 250 MW, a potential Goldman Sachs-advised package exceeding $5.33 billion for data centers and GPU procurement, a 1.5 GW DataVolt campus at NEOM’s Oxagon district, commitments involving xAI and AirTrunk, and Arabic-focused large language models including Allam.