Indonesia eyes 'sovereign AI fund' to drive development, document shows

Authorities overseeing the development of artificial intelligence in Indonesia have proposed a "sovereign AI fund" to finance the archipelago's ambitions to become a regional hub for the fast-growing technology, a government document showed.

The race has seen neighbouring Malaysia secure billions of dollars from global tech firms seeking to build critical infrastructure to meet growing demand for cloud and AI services.

The Indonesia strategy, released in the form of a 179-page white paper seen by Reuters, recommends, among other things, a sovereign AI fund mainly handled by the country's new sovereign wealth fund Danantara Indonesia, which controls over $900 billion in assets.