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)

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