Globant Plans to Invest $1 Billion for Latin America Expansion
10 Agosto 2023 - 2:22PM
Dow Jones News
By Jeffrey T. Lewis
Globant says it plans to invest $1 billion over five years in
Latin America to expand and strengthen its presence in the
region.
The Buenos Aires-based information technology provider said
Thursday it would focus the investment on artificial intelligence
and other emerging technologies. It expects to hire 20,000 new
workers over the five-year period in countries including Argentina,
Brazil, Chile, Colombia and Peru.
As part of Globant's expansion in Brazil, the investment will
include the opening of an innovation and emerging technologies
center in São Paulo that will investigate possible new uses of
technologies including AI and quantum computing, the company
said.
Write to Jeffrey T. Lewis at jeffrey.lewis@wsj.com
(END) Dow Jones Newswires
August 10, 2023 13:07 ET (17:07 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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