Siam.AI Invests $2 Billion in Thailand’s AI Domination
Bangkok—Siam.AI Cloud, a Bangkok-based artificial intelligence (AI) cloud provider, is making a colossal 70 billion baht (approximately $2 billion USD) investment this year to bolster Thailand’s AI infrastructure and establish the nation as a leading AI hub in Southeast Asia. This audacious move underscores the growing importance of AI in the region and Siam.AI’s determination to be at the forefront of this technological revolution.
The company’s commitment is already evident. Siam.AI has invested 10 billion baht in AI-ready infrastructure, including a significant 7 billion baht investment in a cutting-edge Nvidia GB200 NVL72 supercomputer module. Hosted at ST Telemedia Global Data Centres (Thailand) STT Bangkok 1, this powerful module will provide businesses, research institutions, and government agencies with unparalleled access to high-performance computing, accelerating innovation across diverse sectors. Imagine a future where Thai hospitals leverage AI for faster diagnoses, financial institutions use it for sophisticated fraud detection, and manufacturers optimize production processes with unprecedented efficiency—this is the future Siam.AI is building.
Siam.AI’s acquisition of the Nvidia GB200 NVL72 marks a significant milestone. The company is the first Nvidia Cloud Provider (NCP) in Asia to receive this advanced module, a testament to its dedication to establishing «AI sovereignty» within Thailand. This strategic move aims to reduce reliance on foreign cloud providers, ensuring local access to world-class computing power. Ratanaphon Wongnapachant, Siam.AI’s chief executive and nephew of former Prime Minister Thaksin Shinawatra, stated that the company had already invested 10 billion baht in AI-ready infrastructure, emphasizing their commitment to positioning Thailand as a regional AI leader. He expressed confidence in the investment’s rapid return, projecting profitability within 18 months.
Furthermore, the Board of Investment (BoI) has approved a 3.2 billion baht investment from Siam.AI to establish additional AI cloud infrastructure in Chonburi and Pathum Thani provinces. This expansion further solidifies the company’s ambition and the government’s support for the burgeoning AI sector. Beyond the initial investment, Siam.AI is preparing to forge partnerships to construct its own data centers, aiming for a total capacity of 200 megawatts, with an initial phase of 100 megawatts. Sources suggest a potential collaboration with Dubai’s Damac for this initial phase.
This surge in AI investment comes amidst a broader wave of technological advancements in Thailand. Coincidentally, on February 13th, Alibaba Cloud announced the launch of its second data center in Thailand, aiming to bolster local capacity for cloud computing services, particularly in the rapidly expanding field of generative AI. This parallel development highlights the increasing demand for advanced computing resources and the competitive landscape emerging within the Southeast Asian cloud market.
Siam.AI’s substantial investment signals a bold step towards establishing Thailand as a dominant force in the regional AI landscape. By providing critical infrastructure and fostering local talent, Siam.AI is not only investing in its own future but also laying the foundation for a technologically advanced and prosperous Thailand. The company’s ambitious plans, coupled with government support and growing industry interest, position Thailand at the forefront of the AI revolution, promising a future powered by innovation and driven by local expertise.
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