SoftBank plans $50 billion of investment in Malaysia, Prime Minister Anwar Ibrahim said, according to Bloomberg. The planned spending would focus on AI, new technologies and data centres.
SoftBank chief executive Masayoshi Son has identified locations in Kuching, Sarawak, and peninsular Malaysia, according to Bloomberg's report, cited by CNBC. Anwar Ibrahim described the plans after a video call with Son earlier in the week. SoftBank did not immediately respond to CNBC's request for comment.
Earlier this month, SoftBank signed a framework agreement with Grab and Petroleum Sarawak Berhad to explore AI and digital infrastructure in Sarawak, including AI computing services. Malaysia also launched a national AI action plan earlier this year to strengthen its capabilities and infrastructure.
For companies building with AI, the proposal points to a possible expansion of computing infrastructure in Malaysia. But an exploratory agreement and a reported investment plan do not establish when usable capacity will become available.
More computing infrastructure in Malaysia could widen the options for companies running AI services there.
The Sarawak agreement identifies AI computing services as an area to watch, but remains exploratory.
Delivery of the proposed $50 billion investment remains unproven, so builders cannot yet treat it as available capacity.
Written automatically by the Made in 10 Newsroom from the source above.
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