Bolivia's President Announces Investment Plans from Tesla, Amazon, and Oracle
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Investment Announcement: President Paz of Bolivia revealed that representatives from Tesla, Amazon, and Oracle will visit in January to discuss plans for building data centers in El Alto and Cochabamba, which could significantly boost the country's technological investment and economic growth prospects.
- Foreign Investment Strategy: The Bolivian government is seeking financial assistance from the Trump administration and aims to open its vast lithium reserves to foreign investors, indicating a strong desire for external capital despite the lack of a finalized currency swap agreement with the U.S.
- Satellite Internet Approval: Bolivia has granted permission for OneWeb, SpaceX's Starlink, and Amazon's Leo to operate in the country, which will enhance internet services and marks a significant shift in Bolivia's approach to foreign technology investment after two decades of avoiding American businesses.
- Scholarship Initiative: IBM, Google, Amazon Web Services, Oracle, and the Project Management Institute will provide 10,000 scholarships for technology training to Bolivian youth, with top students receiving tours of SpaceX facilities in Texas and Florida, thereby advancing the country's technological education landscape.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
