Globant to Invest $1 Billion in AI Expansion in Latin America

Software company Globant SA plans to invest $1 billion in building out its artificial intelligence operations in Latin America, nearly doubling the company’s workforce over the next five to six years.

Chief Executive Officer Martin Migoya said in an interview that a new hub in Sao Paulo focused on AI and quantum computing will be at the center of the expansion, and will be financed by Globant’s own revenues.

Martin Migoya, founder and chief executive officer of Globant SA, speaks during an interview in Buenos Aires, Argentina, on Thursday, Aug. 8, 2019..

Photographer: Sarah Pabst/Bloomberg

The company also plans to expand its employee headcount by as many as 20,000 in Latin America over the next five to six years, nearly doubling the company’s existing global ...