#Philippines AI investment

The US and the Philippines may be in the works of building a massive 1,600+ hectare artificial intelligence (AI) and supply chain hub in New Clark City. This site visit's goal was to finalize investments and ensure that both the US and the Philippines enjoy mutual benefit. The ambitious blueprint for the New Clark City hub development was finalized following the Philippines' official entry into Pax Silica: a US-led, cross-continental supply chain alliance created to secure critical technological sectors. By joining the declaration, the Philippines became the 13th country to align with the framework, joining nations like Australia, India, Israel, Japan, and the United Kingdom. The State Department views the upcoming Luzon hub as its flagship "AI-native industrial acceleration" project, leveraging the Philippines’ strategic location and rich reserves of critical minerals like nickel and copper to power the next generation of global tech manufacturing. Apple Creator Studio has a price tag of PHP 399 per month or PHP 3,990 per year in the Philippines. The investment round includes existing investors Sony Group Corporation and KIRKBI—the family-owned holding and investment company behind The LEGO Group—with each investing USD 1 billion. “This investment will accelerate our engagement in the world of digital play, and we are pleased to be investing in Epic Games to support their continued growth journey, with a long-term focus toward the future metaverse,” said KIRKBI CEO Søren Thorup Sørensen. Read more in our articles including "US, PH may put up 1600+ hectare AI hub in New Clark City" and "Apple updates Creator Studio with new AI-powered tools".