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TikTok to invest $3.8 billion in Thailand data hosting project, investment board says

Economic Times

Economic Times · 5m ago

TikTok to invest $3.8 billion in Thailand data hosting project, investment board says

ByteDance's TikTok plans to invest about $3.76 billion in Thailand for a data hosting project, as announced by Thailand's Board of Investment. This investment, executed by TikTok's Singapore-based unit, aims to enhance digital and AI infrastructure in the region and support affiliated companies, starting operations by 2026. The initiative is part of a broader trend where tech giants like Google, Amazon, and Microsoft are establishing data centers in Thailand, promoting the country as a regional tech hub.

Related News

Google to invest $1 billion in Thai data centre, cloud infrastructure

Economic Times

Economic Times · 9m ago

Google to invest $1 billion in Thai data centre, cloud infrastructure

Google has announced plans to invest $1 billion in Thailand to build a data center and cloud region. This investment aims to meet the increasing demand for cloud services and support the adoption of artificial intelligence in Southeast Asia. The project is expected to create around 14,000 jobs annually until 2029. With this move, Google joins Microsoft, which recently revealed its plans to launch a regional data center in Thailand. The data center will be located in Chonburi, while the cloud region will be established in Bangkok. Thai Prime Minister Paetongtarn Shinawatra welcomed Google's investment, stating that it aligns perfectly with the country's Cloud First Policy.

ByteDance plans $2.1 billion investment in Malaysia for AI, minister says

Economic Times

Economic Times · 1y ago

ByteDance plans $2.1 billion investment in Malaysia for AI, minister says

China's ByteDance, the parent company of TikTok, is planning to invest $2.13 billion to establish an artificial intelligence hub in Malaysia, as well as expanding its data center facilities in the country. This is part of ByteDance's expansion into Southeast Asia and will aid Malaysia in achieving its goal of growing its digital economy. Other tech giants, such as Google and Microsoft, have also made significant investments in Malaysia recently. Google has announced a $2 billion investment for its first data center in the country while Microsoft plans to invest $2.2 billion in cloud and AI services.

Thailand approves $2.7 billion of investments in data centres and cloud services

Economic Times

Economic Times · 4m ago

Thailand approves $2.7 billion of investments in data centres and cloud services

Thailand's investment board approved $2.7 billion worth of investments in data centres and cloud services, aiming to expand its tech sector. Projects involve companies like China's Beijing Haoyang Cloud&Data Technology and Singapore's Empyrion Digital. The investments include a 300-megawatt data centre by Beijing Haoyang and a 35 MW data centre by GSA Data Center 02. The region's tech infrastructure surge follows projects from TikTok, Google's $1 billion investment, and Amazon Web Services' $5 billion commitment.

Thailand to receive $8.5 billion worth of investment from AWS, Google, Microsoft

Economic Times

Economic Times · 1y ago

Thailand to receive $8.5 billion worth of investment from AWS, Google, Microsoft

Thailand is set to receive a significant investment of $8.5 billion from tech giants AWS, Google, and Microsoft. The investment will focus on building data centers and cloud services in the country, aiming to support the growth of digital infrastructure and drive the development of the digital economy in Thailand. This move is expected to boost the country's tech industry and create new job opportunities in the sector.

Google invests $640 million in new data centre in Netherlands

Economic Times

Economic Times · 1y ago

Google invests $640 million in new data centre in Netherlands

Google is investing 600 million euros ($640.62 million) in a new data centre in Groningen, the Netherlands. This investment will create 125 new jobs and is part of Google's broader investment of over 3.8 billion euros in Dutch data centres and digital infrastructure since 2014. The company aims to prioritize sustainability and have a positive impact on the local community during the construction of the data centre.

TikTok plans to build 1 billion euro data centre in Finland, spokesman confirms

Economic Times

Economic Times · 2m ago

TikTok plans to build 1 billion euro data centre in Finland, spokesman confirms

TikTok plans to build a 1-billion-euro data center in Finland to store European user data locally, addressing security concerns over potential access by the Chinese government. This initiative is part of TikTok’s Project Clover, which aims to enhance data security amidst rising scrutiny. The data center in Finland will join facilities in Norway and Ireland, capitalizing on Nordic regions' low energy costs and renewable energy availability. TikTok intends to announce more data centers in Europe soon.

Google says Malaysia investments to add $3 billion to its GDP by 2030, create 26,500 jobs

Economic Times

Economic Times · 9m ago

Google says Malaysia investments to add $3 billion to its GDP by 2030, create 26,500 jobs

1. Google's investments in Malaysia are expected to create 26,500 jobs and contribute over $3 billion to the economy by 2030. 2. Construction of a new $2 billion data center in Malaysia has begun, following Google's partnership with Dagang NeXchange Berhad to provide sovereign cloud services. 3. Google also recently announced a $1 billion investment in Thailand for a data center and cloud region to meet growing cloud demand and support AI adoption in Southeast Asia. 4. These investments aim to provide high-performance and reliable cloud and AI services in Malaysia, supporting the country's digital transformation. 5. The expansion of global tech companies like Google, Microsoft, and Amazon into Southeast Asia reflects the region's significant potential with its young and tech-savvy population. 6. Malaysia's investment in data centers aligns with its ambitions to become a regional leader in the tech sector, particularly in the field of AI.

TikTok pledged to protect U.S. data. $1.5 Billion later, it’s still struggling.

Livemint

Livemint · 1y ago

TikTok pledged to protect U.S. data. $1.5 Billion later, it’s still struggling.

TikTok has reportedly spent $1.5 billion to build a separate unit, called Project Texas, in an effort to convince U.S. lawmakers that the app is safe. The unit was created to oversee American data and ensure content recommendations were not influenced by China. However, insiders reveal that Project Texas employees sometimes share data outside the unit without going through official channels, raising concerns about the security of user data. TikTok executives continue to update the app's algorithm from China, making it difficult for Project Texas employees to keep track of changes. The company's handling of data has become a cause for concern among employees, who question TikTok's commitment to protecting American users.

Amazon to invest $10 billion in UK data centres

Economic Times

Economic Times · 10m ago

Amazon to invest $10 billion in UK data centres

Amazon Web Services (AWS) plans to invest £8 billion ($10.45 billion) in the UK over the next five years to fund the construction and operation of data centres. The project is expected to contribute £14 billion to the country's GDP by 2028 and create around 14,000 jobs. AWS has already invested £3 billion in London and Manchester since 2022. The company's decision on data centre locations takes into account factors like power, water, and the local environment. The investment reflects increasing demand for cloud services driven by artificial intelligence.

Microsoft to invest $700 million in Poland: Polish PM

Economic Times

Economic Times · 5m ago

Microsoft to invest $700 million in Poland: Polish PM

Microsoft is set to invest $700 million in Poland to enhance cybersecurity in partnership with the Polish armed forces. This investment marks the second phase following a $1 billion data center project initiated in 2020. The data center, which began operations in 2023, aims to deliver cloud services to both businesses and government entities. Microsoft President Smith announced this initiative alongside Polish Prime Minister Donald Tusk during a press conference.

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