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Oracle Explores Data Center Investment in Indonesia’s Batam Island

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Oracle Corp is in talks with the Indonesian government to establish a new cloud services center on Batam Island, according to Bloomberg News. The company is considering Nongsa Digital Park, a location that benefits from free trade zone status and its strategic proximity to Singapore and Malaysia. Oracle has ongoing cloud service initiatives in both countries, further fueling its interest in the region.

Earlier in October, Oracle revealed plans to invest over $6.5 billion to create its first public cloud region in Malaysia. Oracle’s expansion in Southeast Asia is part of a broader effort to grow its global infrastructure, which spans Asia from Japan to New Zealand and extends to India, as stated by Garrett Ilg, Oracle’s Executive Vice President for Japan and Asia Pacific.

The company’s cloud infrastructure in Singapore already includes two data centers, and Oracle operates 50 public cloud regions across 24 countries, underscoring its expanding global presence. As Oracle continues to broaden its reach, it is expected that Batam Island will play a key role in its ambitious regional strategy.

Oracle, Indonesia’s Investment Ministry, and Communication Ministry did not immediately respond to requests for comment.

SoftBank and OpenAI to Build AI Data Center in Japan

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SoftBank is set to transform a former Sharp LCD panel plant in Osaka, Japan, into a state-of-the-art AI data center in collaboration with OpenAI, the U.S.-based creator of ChatGPT, according to a Nikkei report. The project, expected to cost around 100 billion yen ($677 million), will repurpose the closed factory and surrounding land for cutting-edge AI operations.

The new data center is slated to begin operations in 2026 and will become one of Japan’s largest facilities, with an impressive power capacity of 150 megawatts. This venture aims to commercialize OpenAI’s advanced AI agent model in Japan, allowing for the training of the model using client companies’ data and providing customized AI agents for specific needs.

The total investment in the project could reach as high as 1 trillion yen ($6.77 billion), signaling the significant scale and ambition behind the partnership. The collaboration reflects SoftBank’s ongoing commitment to leading in the AI space and OpenAI’s growing influence in the global AI landscape.

Neither SoftBank nor OpenAI has responded to requests for comment from Reuters at the time of the report.

Quantum Computing Stocks Surge Following D-Wave’s Positive Forecast

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Shares of quantum computing companies saw notable gains on Thursday, outperforming the broader market after D-Wave Quantum (QBTS.N) issued a strong quarterly revenue forecast. D-Wave‘s stock jumped 15%, reaching $6.71, after the company projected its current-quarter performance would exceed analysts’ expectations. This followed an 8% increase on Wednesday, which was fueled by the publication of a peer-reviewed paper in Science, showing that its quantum computer surpassed one of the world’s most powerful classical supercomputers.

Quantum computing relies on quantum mechanics, which gives it a performance advantage over traditional computers, allowing faster and more efficient processing through parallel operations and the ability to predict multiple outcomes simultaneously.

Other quantum computing stocks also saw significant gains. Quantum Corp (QMCO.O) surged 26%, marking its largest daily percentage increase since February. Quantum Computing Inc (QUBT.O) also rose by 2%, while the broader market struggled, with the Nasdaq Composite down more than 2% in the afternoon.

The quantum sector is gaining increasing attention, with experts comparing it to the early stages of artificial intelligence (AI). Jake Dollarhide, CEO of Longbow Asset Management, noted that quantum computing is still in its “embryonic stage” and predicted rapid growth, with the sector becoming a focal point on Wall Street.

While most stocks in the sector saw gains, IonQ (IONQ.N) struggled, with its shares falling 5.3% to $20.68 after Kerrisdale Capital announced a short position on the stock. IonQ has seen significant volatility, down nearly 50% year-to-date following a more than 200% rise in 2024.