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View all search resultsOracle plans to invest in Indonesia’s tech sector, Minister says
In May, the Communications and Digital Ministry partnered with Oracle to build Southeast Asia’s largest graphics processing unit (GPU) cluster, with the goal of positioning the country as a hub for AI development in the region.
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A message reading “AI artificial intelligence“, a keyboard and robot hands are seen in this illustration taken on Jan. 27. (Reuters/Dado Ruvic)
U
nited States technology giant Oracle Corporation is planning to invest in Indonesia’s technology sector, Investment and Downstream Minister Rosan Roeslani wrote in an Instagram post on Thursday through his personal account.
Rosan, who also serves as CEO of state asset fund Danantara, shared a short video of his meeting with Oracle representatives in Jakarta. He said the discussion covered “AI utilization to strengthen data sovereignty, improve efficiency in the public and private sectors, create new jobs in the technology sector and accelerate Indonesia’s digital transformation toward becoming a developed country.”
However, he did not provide further details about the investment plan.
Read also: As users surge, Indonesia falls short on AI talent
Established in 1977, Oracle Corporation was founded by Larry Ellison, Bob Miner and Ed Oates. The company provides database software for businesses and claims to offer the “world’s first autonomous database.”
Earlier this month, Oracle announced that it had signed four multi-billion-dollar contracts with three different customers in the first quarter of this year. The company expects to sign several additional multi-billion-dollar agreements, projecting its contract backlog to exceed half a trillion dollars in the coming months, Oracle CEO Safra Catz said in a statement on Sept. 9.
This year, Oracle has also unveiled several collaborations across Southeast Asia, including the launch of its AI Center of Excellence in Singapore to support AI adoption in the region, as well as skills development programs for students and professionals in Thailand.
