Saudi Arabia has formally unwrapped its AI Fund, called Humain, over a year after unveiling the plan in March 2024. The move was timed to coincide with President Trump’s visit to the country, and the announcement of its even bigger $600 billion commitment to invest in the US. Worth initially $40 billion, Humain comes amid major AI investments by other leading countries and big companies, as well as funding rounds that dwarf other sectors. Most of the latter involve US companies, led by Open AI with its $60 billion raised so far, with that money coming from around the world. Indeed, Japan’s SoftBank, in April 2025, concluded a deal to lead financing of up to $40 billion in OpenAI as…