Google to Spend $1 Billion in Thailand to Speed Up Asia AI Push

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Google to Spend $1 Billion in Thailand to Speed Up Asia AI Push

Bloomberg09-30

(Bloomberg) -- Alphabet Inc.’s Google plans to invest $1 billion to build data centers in Thailand, joining global tech companies in adding cloud and AI infrastructure in Southeast Asia. The company ...

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The outlay could help add $4 billion to Thailand’s economy by 2029 and support 14,000 jobs annually over the next five years, Google said Monday, citing a Deloitte study.The investment was unveiled by Google and Paetongtarn Shinawatra, Thailand’s recently appointed prime minister, underscoring the push by Southeast Asia’s governments to attract foreign tech firms. Long seen as a tech hinterland, the region of about 675 million people is fast emerging as a growth opportunity for Apple Inc., Microsoft Corp., Nvidia Corp. and Amazon.com Inc., which are spending billions of dollars to ramp up AI data centers from Thailand and Malaysia to Singapore and Indonesia.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","LU0006306889.USD":"SCHRODER ISF US LARGE CAP \"A\" (USD) INC AV","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","MSFT":"微软","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","BK4527":"明星科技股","BK4538":"云计算","IE0003U64NQ7.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) ACC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","IE000KEQY171.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) INC","BK4503":"景林资产持仓","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","IE00B3SWFQ91.USD":"PIMCO BALANCED INCOME AND GROWTH \"E\" (USD) INC","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","BK4504":"桥水持仓","IE0005OL40V9.USD":"JANUS HENDERSON BALANCED \"A6M\" (USD) INC","GOOG":"谷歌","BK4525":"远程办公概念","LU0234570918.USD":"高盛全球核心股票组合Acc Close","AAPL":"苹果","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","IE00BN29S564.USD":"JANUS HENDERSON BALANCED \"A3\" (USD) INC","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","GOOGL":"谷歌A","IE00B4YYXB79.USD":"PIMCO BALANCED INCOME AND GROWTH \"E\" (USD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0072462426.USD":"贝莱德全球配置 A2","BK4528":"SaaS概念","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4532":"文艺复兴科技持仓","GB00B4QBRK32.GBP":"FUNDSMITH EQUITY \"R\" (GBP) INC","LU0130517989.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"R\" INC","LU0080751232.USD":"富达环球多元动力基金A","NVDA":"英伟达","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0061474960.USD":"天利环球焦点基金AU Acc","GB00B4LPDJ14.GBP":"FUNDSMITH EQUITY \"R\" (GBP) ACC","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","AMZN":"亚马逊","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","IE00BDRTCR15.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC A","LU0130518102.USD":"HARRIS ASSOCIATES GLOBAL EQUITY \"R\" INC","LU0234572021.USD":"高盛美国核心股票组合Acc","IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","IE000W1ABFV2.USD":"PIMCO BALANCED INCOME AND GROWTH \"R\" (USD) INC"},"translate_title":"谷歌将在泰国斥资10亿美元加速亚洲人工智能推广","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GOOGL":1,"GOOG":1,"AMZN":0.7,"NVDA":0.7,"MSFT":0.7,"AAPL":0.7},"content_text":"(Bloomberg) -- Alphabet Inc.’s Google plans to invest $1 billion to build data centers in Thailand, joining global tech companies in adding cloud and AI infrastructure in Southeast Asia.\nThe company will add facilities in Bangkok and Chonburi, a province southeast of the capital. The outlay could help add $4 billion to Thailand’s economy by 2029 and support 14,000 jobs annually over the next five years, Google said Monday, citing a Deloitte study.\nThe investment was unveiled by Google and Paetongtarn Shinawatra, Thailand’s recently appointed prime minister, underscoring the push by Southeast Asia’s governments to attract foreign tech firms. Long seen as a tech hinterland, the region of about 675 million people is fast emerging as a growth opportunity for Apple Inc., Microsoft Corp., Nvidia Corp. and Amazon.com Inc., which are spending billions of dollars to ramp up AI data centers from Thailand and Malaysia to Singapore and Indonesia.\n“We are investing in cloud regions, data centers and subsea cables across the region, building on our many years of work to bring cloud infrastructure closer to the people and organizations here,” Alphabet Chief Investment Officer Ruth Porat said in an emailed response to questions ahead of an event with the prime minister in Bangkok. “This region holds great potential.”\nGoogle has already announced billions of dollars in investment in Malaysia and Singapore this year. Amazon unveiled a $9 billion outlay in Singapore in May, and Microsoft CEO Satya Nadella swung through the region unveiling a road map involving expenditures of about $4 billion to build data centers and other infrastructure.\nGovernments around the world are trying to strike a balance between ensuring digital sovereignty and luring foreign investment. They are seeking to keep control of their citizens’ data and develop local tech firms, while leveraging global companies’ investment power and expertise to build AI and cloud infrastructure.\nThe new Thailand data center capacity will help support Google’s AI-driven services such as search, maps and workspace. The company set up in Thailand 13 years ago, and says it has trained over 3.6 million students, educators, developers and small and medium businesses in digital skills in the past five years.\nGoogle’s investment is aligned with the country’s cloud policies, Paetongtarn said in a statement. It’ll “accelerate the development of innovative digital services and in turn unlock economic opportunities,” she said.\n©2024 Bloomberg L.P.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}