Google to invest $1 billion in Thailand to build data center and accelerate AI growth

CNBC September 30, 2024
Ryan Browne

Key Points

– Google is investing 36 billion Thai baht, or $1 billion, into Thailand to build a new data center and expand its cloud infrastructure, the company said Monday.

– It marks a ramp-up of Google’s expansion in Asia, putting artificial intelligence at the heart of its international push at a time when it is facing competition from companies such as Microsoft and OpenAI.

– In a 2023 report, Google, Temasek and Bain & Company said Thailand’s digital economy is the second-largest in Southeast Asia and is expected to reach $50 billion by 2025.

Google announced Monday it is investing 36 billion Thai baht, or $1 billion, into Thailand for the creation of a new data center and expansion...

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