OpenAI chief executive officer Sam Altman has been granted Indonesia’s first “golden visa,” officials said, as Southeast Asia’s largest economy looks to attract wealthy foreign investors.
The cofounder of the ChatGPT bot sensation was granted a 10-year visa for his potential contributions to the development of artificial intelligence (AI) in the country, Indonesian Immigration Director-General Silmy Karim said in a statement late on Monday.
“Once the holders of Golden Visa arrive in Indonesia, they no longer need to apply for a temporary stay permit at the immigration office,” he said. “We are rolling out the red carpet in return for the resources they provide to Indonesia.”
Photo: Bloomberg
The US-based tech entrepreneur was also granted a special visa because of his international reputation as the head of the AI research and development company, the official said.
With the golden visa the 38-year-old would be able to bypass immigration lines at Indonesia’s airports and more easily enter and exit the country, the statement said.
Indonesia has rolled out golden visas for investors who would receive a five-year stay if they invest US$2.5 million in the country and 10 years if they spend double that amount.
The country is seeking to develop an AI ecosystem as the industry booms worldwide, officials have said.
Altman visited Indonesia in June to speak about AI.
It was unclear if he requested the visa through an application to authorities or if he was granted it unilaterally by officials in Jakarta.
Apple Inc increased iPhone production in India by about 53 percent last year and now makes a quarter of its marquee devices there, reflecting the US company’s efforts to avoid tariffs on China. The company assembled about 55 million iPhones in India last year, up from 36 million a year earlier, people familiar with the matter said, asking not to be named because the numbers aren’t public. Apple makes about 220 million to 230 million iPhones a year globally, with India’s share of the total increasing rapidly. Apple has accelerated its expansion in the world’s most populous country in recent years, bolstered
HEADWINDS: The company said it expects its computer business, as well as consumer electronics and communications segments to see revenue declines due to seasonality Pegatron Corp (和碩) yesterday said it aims to grow its artificial intelligence (AI) server revenue more than 10-fold this year from last year, driven by orders from neocloud solutions clients and large cloud service providers. The electronics manufacturing service provider said AI server revenue growth would be driven primarily by the Nvidia Corp GB300 server platform. Server shipments are expected to increase each quarter this year, with the second half likely to outperform the first half, it said. The AI server market is expected to broaden this year as more inference applications emerge, which would drive demand for system-on-chip, application-specific integrated circuits
Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) share of the global foundry market rose to almost 70 percent last year amid booming demand for artificial intelligence (AI), market information advisory firm TrendForce Corp (集邦科技) said on Thursday. The contract chipmaker posted US$122.54 billion in revenue, up 36.1 percent from a year earlier, accounting for 69.9 percent of the global market, TrendForce said. Its share was up from 64.4 percent in 2024, it said. TSMC’s closest rival, Samsung Electronics, was a distant second, posting US$12.63 billion in sales, down 3.9 percent from a year earlier, for a 7.2 percent share of the global market. In the
At a massive shipyard in North Vancouver, Canadian workers grind metal beams for a powerful new icebreaker crucial to cementing the country’s presence in the increasingly contested arctic. Icebreakers are specialized, expensive vessels able to navigate in the frozen far north. And “this is the crown jewel,” said Eddie Schehr, vice president of production at the Seaspan shipyard. For Canadian Prime Minister Mark Carney, who heads to Norway next Friday to observe arctic defense drills involving troops from 14 NATO states, Canada’s extreme north has emerged as a strategic priority. “Canada is and forever will be an Arctic nation,” he said ahead of
RSS