A government document revealed that Indonesian authorities overseeing AI development propose establishing a ‘Sovereign AI Fund’ to finance the archipelago’s ambitions to become a regional hub for this rapidly growing technology. Reuters reported last month that Southeast Asia’s largest economy will issue its first national AI roadmap to attract foreign investment as part of its efforts to join the global AI and chip manufacturing race. The Indonesian strategy, detailed in a 179-page white paper reviewed by Reuters, recommends creating a sovereign AI fund primarily managed by the country’s new sovereign wealth fund, Danatara Indonesia, which oversees assets exceeding $900 billion. The paper did not specify the required amount but estimated the fund’s establishment between 2027 and 2029. The roadmap also addresses challenges such as lack of expertise and low research funding, with companies like Nvidia and Microsoft showing interest in Indonesia’s AI efforts.