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US tech firms are pouring billions into Southeast Asia to support its AI potential—but will their presence enable local firms to step into the opportunity or will it simply be a repeat of the golden social and advertising era which saw big tech use the region for user and financial growth with little local innovation coming through? From this week's newsletter: Microsoft made a major investment push in Southeast Asia as it announced it would invest $1.7 billion into cloud and AI technology in Indonesia. CEO Satya Nadella took a personal tour to the region which also included visits to Thailand, where Microsoft announced its first regional data centre for the country, and Malaysia, where he announced his firm would invest $2.2 billion over the next four years. These investments are part of growth that Microsoft believes could add as much as $1 trillion in value to the region by enabling AI and boosting cloud computing capacity. Facebook, Google and others have wooed Southeast Asia as markets where they could monetise hundreds of millions of users. Will this ‘new era’ of interest from big tech firms support location innovation or will global firms—from the West and even China—benefit from this expected AI and cloud boom? https://lnkd.in/g3DRjQFB

Big tech is investing billions into Southeast Asia’s AI potential

Big tech is investing billions into Southeast Asia’s AI potential

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