SoftBank's Masayoshi Son reveals plans to invest in Indonesia's new capital

FILE PHOTO: Japan's SoftBank Group Corp Chief Executive Masayoshi Son attends a news conference in Tokyo, Japan, November 5, 2018. REUTERS/Kim Kyung-Hoon/File Photo

Masayoshi Son, CEO of Japan’s SoftBank Group, revealed plans to invest in Indonesia’s new capital and to bring the latest technology and “a lot of artificial intelligence” to the smart city project.

The revelation came after a meeting with President Joko Widodo on Friday, and follows Son’s vow in July to put $2 billion over five years into Indonesia through funds already invested in Grab, the Singapore-based ride-hailing company.

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