Software Firm Globant to Invest $1 Billion on AI Expansion in Latin America

CEO says company plans to open new AI-focused hub in Sao Paulo
Software provider to hire 20,000 in region over next 5-6 years

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

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By Scott Squires

August 10, 2023 at 4:00 PM UTC

This article is for subscribers only.

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.