Republished with full copyright permissions from The Washington Daily Chronicle.

Indonesia has granted its first-ever Indonesian golden visa to Sam Altman, the Chief Executive Officer of OpenAI. The country’s immigration authority recognizes Altman’s international reputation and potential to bring economic benefits to Indonesia.

Indonesian Golden Visa: A Gateway for Foreign Investors:
The Immigration Director General, Silmy Karim, stated that Altman’s success as the co-founder of the ChatGPT creator played a crucial role in his eligibility for the golden visa. By being granted this visa, Altman will enjoy various perks, including priority security screenings, extended stay periods, and simplified entry and exit procedures.

Boosting Economic Development:
The Indonesian government introduced the golden visa last week as part of its efforts to stimulate economic growth. The program invites foreigners who make substantial investments in the country to stay for a period ranging from five to ten years. For instance, individuals investing $350,000 in local public companies’ shares, savings accounts, or government bonds qualify for a five-year stay. Altman’s investment intentions remain unknown, as he visited Jakarta earlier this year to deliver a speech on artificial intelligence but has not disclosed if he applied for the visa.

OpenAI and its Impact on AI Investment:
Since its debut last year, OpenAI’s innovative tools have catalyzed a surge in investments in AI-supporting infrastructure. By showcasing the transformative potential of human-like intelligence through vast data centers, OpenAI has instilled confidence in investors. This surge in AI investment has far-reaching implications for various industries, including technology, healthcare, and finance.

The Indonesian golden visa granted to Sam Altman, CEO of OpenAI, marks a significant milestone in the country’s initiatives to attract foreign investors. This groundbreaking visa program creates opportunities for individuals like Altman to contribute to Indonesia’s economic growth. OpenAI’s success has played a pivotal role in inspiring investments in AI-supporting infrastructure. As Indonesia continues to actively seek foreign investment, it will be intriguing to observe how this new visa program unfolds and its impact on the country’s economic development.