Key facts
- Sea said it plans to enter cloud services, seeking to capture demand it said AI is driving.
- Sea said it has spent the past two years applying AI across its businesses.
- The company said it is avoiding heavy infrastructure spending in the cloud push.
- Sea is exploring an initial public offering of Monee, according to the report.
Singapore-based technology company Sea said on Tuesday that it plans to enter the cloud services business, aiming to capture demand it said is being driven by artificial intelligence, Nikkei Asia reported.
The company said it has spent the past two years applying AI across its businesses. It is taking a cautious approach to investment in the cloud push, avoiding heavy spending on infrastructure.
Sea is also exploring an initial public offering of Monee while it develops the cloud business, according to the report.