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Microsoft to invest $1.7B in cloud, AI in Indonesia as tech giants eye new growth markets [Seeking Alpha]
Last apple inc. earnings: 4/30 04:30 pm
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Chairman and CEO Satya Nadella made the announcement after meeting with the President of the Republic of Indonesia Joko Widodo. Nadella is on a three-country tour of Southeast Asia and is set to visit Malaysia and Thailand later this week. The U.S. tech giant also plans to help train 2.5M people with AI skills in the Association of Southeast Asian Nations, or ASEAN, member states by 2025. This would include 840,000 people in Indonesia. The pledged amount represents the single largest investment in Microsoft's 29-year history in the country, the company said in a blog post on Tuesday. "We aim to empower Indonesians with the infrastructure and skills needed for the AI era, aligning with our national vision for digital prowess," said Dharma Simorangkir, president director of Microsoft Indonesia. Widodo suggested Microsoft set up its data centers on the resort island of Bali or in the new capital city Nusantara, which is still being built in the jungle of Borneo, Reuters reported
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