Latest news with #venturefund
TechCrunch
28-05-2025
- Business
- TechCrunch
Humain planning $10B VC fund to invest in US, European and Asian startups
In Brief Humain, the state-owned AI company from Saudi Arabia, is on track to launch a $10 billion venture fund, Humain Ventures, that will invest in startups in the U.S., Europe and Asia, The Financial Times reported, quoting Tareq Amin, Humain's CEO. Humain is in talks with U.S. firms like Andreessen Horowitz, OpenAI and Elon Musk's xAI about its plans, and is also exploring a deal with U.S. companies to sell an equity stake in its data center business, the report said. Amin did not reveal which these companies are, but said some are 'massive names in the data center segment,' according to the report. Humain was launched earlier this month ahead of a visit by U.S. President Donald Trump and several tech industry allies. Under a new Trump administration initiative, U.S. tech suppliers, including Nvidia and AMD, have been allowed to arrange deals with Saudi Arabian firms. So far, Humain has struck deals with Qualcomm, Nvidia, AMD and Amazon, and plans to have 1.9 gigawatts of data center capacity by 2030. The plan is to process 7% of global AI training and inferencing by 2030, and the endeavor is expected to cost about $77 billion, the FT quoted Amin as saying.
Times
13-05-2025
- Business
- Times
NHS trusts back £30m venture fund to aid medical tech firms
Venture capital firms General Catalyst and Speedinvest have teamed up with National Health Service trusts to create one of the first NHS venture funds helping medical tech start-ups to launch in Britain. They have raised over £30 million for the new fund, run by Meridian Health Ventures, and pledged to 'fast track' innovative start-ups by helping them secure trials and win work in the UK, so avoiding the need to go to the US market to get their innovations tested. The trusts include Guy's and St Thomas', King's College Hospital and University College London, as well as the American hospital groups Cedars-Sinai Medical Center and Hartford HealthCare. • NHS red tape sends virtual reality firm that trains doctors to US Lawrence Tallon, who became chief
