DCI Indonesia, the country’s leading data center operator, has seen a dramatic surge in shares, adding over $2 billion to the wealth of its billionaire co-founders. The record-breaking growth comes amid a boom in artificial intelligence technology, with Indonesia becoming a hotbed for AI innovation.

Co-founders Otto Toto Sugiri, Marina Budiman, and Han Arming Hanafia have seen their fortunes rise as the value of DCI Indonesia soars. The company’s success is indicative of the wider trend in the Indonesian tech sector, which is witnessing a significant uptick in investments and advancements in AI.

Complementing this trend, venture capital firm East Ventures has unveiled a new platform dedicated to AI innovators in the country. This move is expected to further accelerate the growth of AI in Indonesia, opening up new opportunities for tech entrepreneurs and startups.

Meanwhile, Indonesia’s tech sector is also set to benefit from the lifting of a five-month-long ban on iPhone 16 sales. The ban, imposed due to a dispute over Apple’s local investment commitments, had resulted in the iPhone 16 being absent from Indonesian store shelves since October 2024.

Indonesia had been pressuring Apple to increase its local investment and meet local investment regulations, which require 40% of phones to be made from local parts. The country’s push for increased local investment is part of a broader strategy to attract investments from major tech companies.

With a memorandum of understanding reportedly being prepared, the iPhone 16 could return to store shelves within a week. The lifting of the ban signifies a significant development in the relationship between Indonesia and Apple, and is expected to stimulate further growth in the country’s tech industry.

However, while the tech sector in Indonesia is booming, the European Union is facing pressure to revise its green rules. The implications of these changes on global tech businesses and their sustainability efforts remain to be seen.