DBS and UOB are providing a $411m loan for a joint project from Singapore data centre developer DayOne and the Indonesia Investment Authority; the aim is to supply 5% of Indonesia’s projected data centre capacity by 2029.
Despite a breakthrough in AI since the end of last year, many corporates will not have the capacity to integrate and benefit from this new technology, research by Equinix has found.
The two Singapore-born fintechs will address the opportunity to decarbonise the local data centre industry, currently responsible for around 7% of the city-state’s greenhouse gas emissions.
Nov 28, 2022
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