JakartaPost-May 30, 2023

Most artificial intelligence (AI) development is happening elsewhere for now, but investors in Indonesia and abroad are ready to pounce on the use cases the cutting-edge technology promises to unlock in Southeast Asia’s largest economy. The country’s macroeconomic trends coupled with a relatively young and increasingly tech-savvy population are seen as creating endless opportunities for homegrown start-ups to adopt as well as advance AI. The use of AI is growing each day, and, according to a study conducted by United States based-management consulting firm Kearney, AI could contribute US$1 trillion to the ASEAN economy by 2030. Local and regional venture capital firms (VCs) interviewed by The Jakarta Post are enthusiastic about AI supercharging business activity in Indonesia. “With the right business model and products, [AI] solutions definitely can be good investment opportunities,” said Edward Ismawan Chamdani, managing partner in VC outfits Gayo Capital and Ideosource. “There will definitely be money coming in from AI Projects.” Read more at:

https://www.thejakartapost.com/paper/2023/05/30/ai-seen-to-unlock-endless-opportunities-in-indonesia.html.