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Thailand has approved investments totaling THB 90.9 billion (USD 2.7 billion) in data centers and cloud services, according to the country's investment board, to support the growing technology sector in Thailand.

Read more: Thailand Approves USD 2.7 Billion Investment in Data Centers, Cloud Services

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Enterprises are seeing a growing cloud ecosystem that now includes telecoms and networking providers offering application programming interface (API) services, container integration/consulting, and artificial intelligence (AI) network integrations.

Read more: Telcos Expand Cloud Role with AI, APIs, Kubernetes Integration

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The global Internet of Things  (IoT) market is expected to grow at a rate of 13.5% annually, reaching USD 1.8 trillion in revenue by 2028, notably increasing from the USD 959.6 billion recorded in 2023. This growth is being fueled by the increasing use of IoT in businesses and is supported by technologies such as 5G and artificial intelligence (AI). However, challenges such as security issues and differing standards need to be addressed to achieve widespread adoption and success.

Read more: IoT Market to Reach USD 1.8 Trillion by 2028

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Artificial intelligence (AI) is transforming industries worldwide, and the telecom sector in Asia is no exception. The region is rapidly emerging as a global leader in AI adoption, with investment in AI expected to reach USD 110 billion by 2028. Telecom operators in the Asia Pacific (APAC) are leveraging AI to enhance customer service, optimize networks, and improve predictive maintenance.

Read more: Engineering Asia’s Future: Join Our Artificial Intelligence Webinar!

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KT has announced a transformative artificial intelligence (AI) partnership with data processing giant, Palantir Technologies. The CEOs of KT and Palantir signed the partnership in the United States, making KT the first Korean company to join Palantir's Worldwide Partner Ecosystem.

Read more: KT and Palantir Collaborate on AI Transformation in Korea

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CelcomDigi Berhad (CelcomDigi) and Payments Network Malaysia Sdn Bhd (PayNet) have announced a significant partnership to enhance access to digital financial services for Malaysians. This collaboration aims to provide a more secure and seamless experience using CelcomDigi's Open Gateway and API integration.

Read more: CelcomDigi, PayNet Partner to Strengthen Digital Financial Security

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The Ministry of Industry and Information Technology (MIIT) has approved pilot programs for value-added services (VAS) for 13 foreign-funded firms in Beijing, Shanghai, Hainan, and Shenzhen. This forms part of China’s ongoing efforts to expand market access and promote high-level entry in the telecommunications sector.

Read more: China Expands Telecom Market with VAS Pilot for Foreign Firms

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