Indonesia’s technology landscape is experiencing a significant boom, particularly in the realm of artificial intelligence (AI) and data centers. The billionaire cofounders of DCI Indonesia, Otto Toto Sugiri, Marina Budiman and Han Arming Hanafia, have seen their fortunes grow by over $2 billion in the past week due to an unprecedented surge in the shares of their data center company. This is likely a testament to Indonesia’s increasing demand for data processing and storage services, an essential component in the growing AI sector.

Further fueling the AI growth, East Ventures, a notable Indonesian venture capital firm, has unveiled a new platform dedicated to fostering AI innovation in the country. While the specifics of the platform are yet to be disclosed, it is expected to provide a significant boost to the country’s rapidly evolving AI landscape. This move not only attests to the growing prominence of AI in Indonesia but also underscores the country’s potential as a leading AI innovator in the region.

As Indonesia works to position itself as a technological powerhouse, the country has been grappling with the issue of foreign tech investments, particularly from Apple. The Indonesian government imposed a five-month-long ban on the sales of iPhone 16 due to a dispute concerning Apple’s local investment commitments. The ban, which has been in effect since October 2024, was aimed at pushing Apple to increase its local investments, indicating the country’s desire to boost its tech manufacturing capabilities.

However, the ban is set to be lifted as Indonesia and Apple have reached a consensus. The government is gearing up to sign a Memorandum of Understanding (MoU) with the tech giant, which could result in the iPhone 16 being back in stores as early as next week. This resolution not only signifies the end of a long-standing dispute but could potentially open doors for increased foreign investments in Indonesia’s tech sector.

While these developments unfold in Indonesia, the European Union (EU) is reportedly under pressure to revise its green rules. The details of this development, its causes, and potential implications remain unclear at this stage. More information is expected in the coming days.