Saudi Arabia’s artificial intelligence company Humain is in early talks with Blackstone and BlackRock over a potential multibillion-dollar partnership, according to sources cited by Bloomberg.

The discussions centre on major investments in data centres and related infrastructure, though no final agreement has been reached. Blackstone CEO Steve Schwarzman has been personally involved in talks, underlining the scale and importance of the potential deal.

Humain was launched in May 2025 by the Public Investment Fund as part of Crown Prince Mohammed bin Salman’s Vision 2030 strategy. The company has already started building its first data centres in Saudi Arabia, which are due to come online in early 2026. It aims to add 1.9GW of data centres by 2030, supported by semiconductor supply deals with US manufacturers including Nvidia.

The company has also established partnerships with Qualcomm and Cisco and is in discussions with Elon Musk’s xAI over a potential data centre deal in the kingdom. In parallel, Humain Ventures, a $10bn fund created this summer, has begun deploying capital into AI-related investments.

The possible tie-up illustrates how Gulf sovereign wealth funds are driving global AI investment. Qatar’s sovereign fund recently invested in Anthropic’s $13bn round, while Abu Dhabi’s MGX partnered with Silver Lake in a majority acquisition of Intel’s programmable chip business. Humain itself is already working with BlackRock and Microsoft on a $30bn project to build data warehouses and energy infrastructure.

If finalised, a partnership with Blackstone and BlackRock would mark a major milestone in Saudi Arabia’s ambition to position itself at the forefront of global AI investment.

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