Thai billionaire Saras Gulf Energy steps up digital infrastructure investment with Google deal

Gulf Energy CEO Sarath Ratanabadi (left) and Google Cloud vice president for Asia Pacific Karan Bajwa.

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Billionaire Sarath Ratanavadis Gulf Energy is stepping up investments in digital infrastructure, partnering with Alphabet Inc's Google to build an artificial intelligence-powered cloud facility in Thailand.

Through this partnership, Gulf Energy announced that its subsidiary Gulf Edge will become Google's first Thai partner to offer Google Distributed Cloud (GDC) services in Thailand. The two companies also plan to develop additional services within the Google Cloud ecosystem in the future, including forays into AI and cybersecurity solutions.

This will enable our mission-critical energy and utility systems to handle data-intensive tasks with enhanced security and resilience,” Gulf Energy CEO Sarath said in a statement. GDC's success in Thailand is a strategic imperative and its adoption across regulated industries will not only enhance the country's digital competitiveness but also create new revenue opportunities for our company.

Saras, whose flagship company Gulf Energy acquired a controlling stake in AIS and its parent company InTouch in 2021, is diversifying into telecoms and digital businesses, including partnering with billionaire Chanpeng Zhao Binance to set up a cryptocurrency exchange.Recently, the company said it would spend another 10 billion baht ($271 million) to double its data center capacity to 50 megawatts by March next year.

Sarath said that the company plans to expand its partnership with Google Cloud, especially in areas where there is synergy between Google Cloud's technology and the company's core technologies, to drive business growth both in Thailand and overseas.

With a net worth of $11.3 billion, Saras was ranked fifth on Forbes' list of Thailand's 50 richest people, released in July 2023.

Sources 1/ https://Google.com/ 2/ https://www.forbes.com/sites/jonathanburgos/2024/06/29/thai-billionaire-saraths-gulf-energy-steps-up-digital-infra-investments-with-google-deal/ The mention sources can contact us to remove/changing this article

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