Indonesia’s artificial intelligence (AI) sector is experiencing significant growth, as demonstrated by recent developments from venture capital company East Ventures and data center operator DCI Indonesia.

East Ventures has launched Indo Build AI, a platform designed to facilitate learning, building, and showcasing AI-based solutions to real-world challenges in Indonesia. The initiative is intended to encourage knowledge exchanges among AI innovators through a series of key activities, culminating in a Demo Day. The program includes a technical workshop featuring AI experts from AWS, Alibaba Cloud, and Google, discussing the application of AI in startups and AI’s adoption generation.

“Indo Build AI is here to bridge the gap by providing collaboration and innovation platforms. This initiative reflects our commitment to forming an AI ecosystem in Indonesia,” said Willson Weather, Co-Founder and Managing Partner East Ventures.

Meanwhile, DCI Indonesia’s shares have surged to record levels, driven by increasing demand for cloud computing and AI, adding $2 billion to the wealth of its founders. The company’s shares rose by 20% to 67,225 rupiah ($4.1), reaching the upper limit of allowable daily share price fluctuation for two consecutive days. This has resulted in a weekly gain of about 47% as investors show optimism for the company’s growing digital footprint across Indonesia, one of Southeast Asia’s hottest data center markets.

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