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Maybank sees ASEAN riding on AI boom as global tech giants race to invest in chips, data centers
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Maybank sees ASEAN riding on AI boom as global tech giants race to invest in chips, data centers
Maybank Investment Bank sees ASEAN riding on artificial intelligence (AI) boom in next two years because AI capital expenditure (capex) is booming in the region as global tech giants race to invest in chips, data centers and equipment, fueling Asia’s tech exports, energy demand, construction. The research house said in a recent note that America’s investment in AI-equipment and software surged to an annualized $1.5 trillion in the second quarter…
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