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Masayoshi Son commits $2bn to Indonesia through Grab

SoftBank CEO meets Jokowi with plans to focus on AI and green vehicles

SoftBank's Masayoshi Son, center, met with Indonesian President Joko Widodo on Monday and promised to invest another $2 billion in the country. (Photo by Erwida Maulia)

JAKARTA -- SoftBank Group will invest another $2 billion in Indonesia, covering areas such as artificial intelligence and the development of an electric vehicle ecosystem, CEO Masayoshi Son said after he met with President Joko "Jokowi" Widodo on Monday.

Son said he intends to channel the money through Singapore-based Grab, Southeast Asia's leading ride-hailing company, which will use some of the cash to build its second headquarters in Jakarta.

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