AMD (AMD) said Tuesday that it signed a collaboration agreement with Saudi Arabia's artificial intelligence enterprise Humain to develop AI infrastructure to power workloads across enterprises, start-ups and sovereign markets.

AMD shares were up 4% on Tuesday.

Over the next five years, the companies will invest up to $10 billion to deploy 500 megawatts of AI compute capacity, the chipmaker said.

The infrastructure will be open by design and accessible at scale. Humain will oversee end-to-end delivery, including hyperscale data center, sustainable power systems and global fiber interconnects, while AMD will provide its AI compute portfolio and the AMD ROCm open software ecosystem.

The collaboration has already started initial deployments across global regions and expects to achieve multi-exaflop capacity by early 2026, the company said.