(Jan 22): Billionaire Sarath Ratanavadi’s Gulf Development Pcl, Thailand’s largest power producer, is deepening its expansion into artificial intelligence (AI) with an agreement with Alphabet Inc’s Google to jointly explore business opportunities. Gulf Edge Co, Gulf Development’s unit, signed a strategic framework agreement with Google to provide AI infrastructure services, according to a Thai exchange filing. The partnership aims to support Gulf Development’s transition into an AI-native technology company, it said. The accord comes as Google carries out plans invest US$1 billion (RM4.04 billion) in Thai data centres. Sarath, who is Gulf Development’s CEO, has a net worth of US$13.2 billion and is the country’s second richest person, according to Bloomberg Billionaires Index.

Source: The Edge Markets January 22, 2026 05:54 UTC