BPJS Ketenagakerjaan Eyes AI Infrastructure Investments

Indonesias state-owned social security fund, BPJS Ketenagakerjaan, plans to invest up to five percent of its $52 billion portfolio overseas, focusing on AI infrastructure. The fund, which manages assets worth approximately fifty-two billion US dollars, is seeking government permission to invest internationally. They aim to invest in data centers, energy companies, and cable firms, while considering core AI companies like Nvidia based on valuation. The fund also plans to double its exposure to local stocks within the next three years.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.