Tech Giants Start to Treat Southeast Asia Like Next Big Thing [BNN Bloomberg (Canada)]
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The CEOs of Apple Inc., Microsoft Corp. and Nvidia Corp. are among the industry chieftains who've swung through the region in past months, committing billions of dollars in investment and holding forth with heads of state from Indonesia to Malaysia. Amazon.com Inc. just this week took over a giant conference hall in downtown Singapore to unfurl a $9 billion investment plan before a thousands-strong audience cheering and waving glow sticks. After decades of playing second fiddle to China and Japan, the region of about 675 million people is drawing more tech investment than ever. For data centers alone, the world's biggest companies are set to splurge up to $60 billion over the next few years as Southeast Asia's young populations embrace video streaming, online shopping and generative AI. Traditionally welcoming to Western investment, the region's moment has arrived as China turns more hostile to US firms and India remains tougher to navigate politically. Silicon Valley is setting
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