JAKARTA, Nov 8 (Reuters) - Russia's internet giant
Yandex plans to invest in Indonesia's artificial
intelligence (AI) ecosystem, the Southeast Asian country's
communications and digital minister said.
Meutya Hafid, Indonesia's communications minister, met
Alexander Popovskiy, head of Yandex's international search
division, on Thursday and said the company expressed its plan to
"widen the search engine platform in Indonesia," according to a
statement distributed by the ministry on Friday.
It did not provide details on what the investment entails or
the size of the potential investment.
The ministry did not immediately respond when asked about
the investment's size or time frame.
Yandex, known as "Russia's Google", did not immediately
respond to a request for comment. The company develops its own
large language models and is one of Russia's leading companies
in AI.
But the industry's development in Russia faces challenges as
the West has sought to restrict the country's access to
technologies that could help it sustain its war against Ukraine,
and as major global producers of microchips have halted exports
to Russia.
Indonesia, which has a massive tech-savvy young population,
has attracted interest from several global tech firms in recent
months.
AI chip leader Nvidia ( NVDA ) and Indonesia's telco firm PT
Indosat Ooredoo Hutchison plan to build an artificial
intelligence centre in Central Java this year, worth $200
million, Indonesia's previous communications minister said in
April.
Microsoft ( MSFT ) said earlier this year it will invest
$1.7 billion over the next four years into expanding cloud
services and artificial intelligence in Indonesia, including
building data centres.