The Board of Investment (BOI) of Thailand has approved investments for two significant data center projects.

The projects, located in Chonburi province, are valued at over 60 billion baht (US$1.7 billion).

They aim to enhance data processing and cloud services in ASEAN.

Quartz Computing, a subsidiary of Alphabet, Google’s parent company, plans to invest 32.76 billion baht (US$917.28 million) in a new facility.

Meanwhile, Digitalland Services, affiliated with China’s GDS, intends to invest 28 billion baht (US$784 million) in its data center in Chonburi.

Recent Alphabet developments

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31-Oct-2024 📈 Alphabet’s Q3 revenue surges 15%, boosted by AI, YouTube Alphabet’s Q3 2024 revenue up 15% to $88.3B Google Services revenue increased 13% to $76.5B
30-Oct-2024 📈 New Alphabet CFO pushes cost efficiency amid earnings growth Anat Ashkenazi is Alphabet’s new CFO. Focus on cost efficiency amid rising competition.
30-Oct-2024 ☁️ Alphabet’s Q3 revenue surges 35% Alphabet’s cloud revenue surged 35% in Q3 Shares rose nearly 6% in after-market trading
08-Dec-2023 🤖 Alphabet shares up 5.3% amid optimism for new AI model Alphabet shares rise 5.3% on AI model news Gemini outperforms OpenAI’s GPT-4, says Google

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