Philippines plans $34.4B AI buildout

The Philippines unveiled a seven-year, $34.4 billion masterplan for AI infrastructure and hopes to attract $21 billion in private-sector investment by 2033, according to Nikkei Asia’s report on the national buildout. The plan marks a bid to move beyond a soft-skills and BPO advantage toward high-power processing; operators should treat its target as a site-selection signal, not live capacity, and require power, permits, and customer milestones before underwriting a new campus alongside Figure’s staged $3.5B compute reservation.