Indonesia’s tech scene is experiencing a significant surge, particularly in the areas of artificial intelligence (AI) and data management. Leading venture capital firm East Ventures has unveiled a new platform, IndoBuild AI, aimed at strengthening AI innovation in the country. This initiative will provide AI developers with opportunities to learn, develop, and showcase their solutions to real-world challenges while connecting them with key technology players.

The IndoBuild AI program will unfold in multiple stages, beginning with a one-day technical workshop on February 26, 2025. This session will feature renowned AI experts from AWS, Alibaba Cloud, and Google, who will cover topics such as AI adoption in startups and Growth and">Approach to Generative AI Growth and">generative AI applications. This move by East Ventures is expected to accelerate AI adoption by facilitating knowledge sharing and uncovering new opportunities.

Concurrently, the fortunes of the billionaire cofounders of DCI Indonesia—Otto Toto Sugiri, Marina Budiman, and Han Arming Hanafia—have climbed over $2 billion in the past week. This significant increase is due to shares of the country’s top data center operator surging to record levels amid the rising demand for cloud computing and AI. DCI shares jumped 20% on Thursday to 67,225 rupiah ($4.1), hitting the upper limit of allowable daily share price fluctuation for the second consecutive day. This week’s gains are approximately 47% as investors have shown optimism that earnings will continue to grow as the company expands its digital footprint across Indonesia, one of Southeast Asia’s hottest data center markets.

These developments demonstrate the rapid growth and potential of Indonesia’s tech industry, particularly in the fields of AI and data management. By fostering innovation and supporting the growth of tech startups, Indonesia is positioning itself as a key player in the global tech landscape.