BR100 Decreased By (-0.4%)
BR30 Decreased By (-0.65%)
KSE100 Decreased By (-0.29%)
KSE30 Decreased By (-0.22%)
AGHA 6.56 Decreased By ▼ -0.11 (-1.65%)
BECO 4.40 Increased By ▲ 0.05 (1.15%)
BML 55.89 Decreased By ▼ -0.28 (-0.5%)
BOP 30.05 Decreased By ▼ -0.07 (-0.23%)
CNERGY 12.75 Decreased By ▼ -0.23 (-1.77%)
CSIL 5.21 Decreased By ▼ -0.10 (-1.88%)
FCCL 51.00 Decreased By ▼ -0.65 (-1.26%)
FFL 14.43 Decreased By ▼ -0.06 (-0.41%)
FNEL 1.22 Increased By ▲ 0.01 (0.83%)
KEL 5.97 Decreased By ▼ -0.09 (-1.49%)
KOSM 5.58 Decreased By ▼ -0.26 (-4.45%)
LOTCHEM 26.15 Decreased By ▼ -0.02 (-0.08%)
MLCF 90.33 Decreased By ▼ -0.90 (-0.99%)
NBP 161.45 Decreased By ▼ -2.74 (-1.67%)
NCPL 52.55 Decreased By ▼ -0.63 (-1.18%)
NPL 57.98 Decreased By ▼ -1.14 (-1.93%)
OGDC 315.40 Increased By ▲ 2.01 (0.64%)
PACE 9.70 Decreased By ▼ -0.07 (-0.72%)
PAEL 34.73 Decreased By ▼ -0.51 (-1.45%)
PIBTL 14.23 Decreased By ▼ -0.48 (-3.26%)
PPL 221.00 Decreased By ▼ -0.36 (-0.16%)
PRL 90.89 Decreased By ▼ -0.33 (-0.36%)
PTC 59.25 Increased By ▲ 0.06 (0.1%)
SSGC 23.39 Increased By ▲ 0.09 (0.39%)
TBL 8.65 Decreased By ▼ -0.10 (-1.14%)
TELE 7.40 Decreased By ▼ -0.21 (-2.76%)
TPL 21.00 Decreased By ▼ -1.03 (-4.68%)
TPLP 12.02 Decreased By ▼ -0.54 (-4.3%)
TREET 21.33 Decreased By ▼ -0.40 (-1.84%)
TRG 54.35 Decreased By ▼ -1.44 (-2.58%)
By

JAKARTA: Microsoft will invest $1.7 billion in Indonesia to empower the Southeast Asian country with cloud services and artificial intelligence, including by building data centres, visiting chief executive Satya Nadella said on Tuesday.

Jakarta is Nadella’s first stop on his trip to Southeast Asian countries as the US company promotes its generative AI technology to bolster growth.

He is due to visit Malaysia and Thailand later this week.

Microsoft will expand its investment in data centres and cloud computing in Indonesia by $1.7 billion “to bring the latest and greatest AI infrastructure to Indonesia,” Nadella said in the Indonesian capital Jakarta.

“So we’re going to lead this wave in terms of AI infrastructure that’s needed.”

Nadella met with Indonesia’s outgoing President Joko Widodo and his cabinet ministers earlier on Tuesday, to discuss joint AI research and talent development, Communications Minister Budi Arie Setiadi told reporters.

Microsoft will train 2.5 million people in Southeast Asia in AI use by 2025, Nadella said.

Microsoft launches lightweight AI model

Microsoft is trying to expand its support for the development of AI globally, including with a $2.9 billion investment in cloud and AI infrastructure in Japan and a $1.5 billion investment in UAE-based AI firm G42.

Nadella’s Jakarta visit comes two weeks after Apple Inc CEO Tim Cook met Widodo and said he would look into building a manufacturing facility in Indonesia.

Indonesia has a huge, tech-savvy population, making the Southeast Asian nation a key target market for tech-related investment.

Last week, Microsoft beat Wall Street estimates for third-quarter revenue and profit, driven by gains from adoption of artificial intelligence across its cloud services.

Comments

Comments are closed for this article.