Billionaire Masayoshi Son’s SoftBank, Grab and Petroleum Sarawak to invest $1.85B in Malaysia’s AI infrastructure
Japanese billionaire Masayoshi Son’s SoftBank Group will join Grab Holdings and Malaysian state-owned energy company Petroleum Sarawak in investing US$1.85 billion to develop AI infrastructure in Malaysia.
SoftBank, Grab, and Petroleum Sarawak have announced a $1.85 billion investment in Malaysia's AI infrastructure, with the goal of establishing 5 gigawatts of data center capacity. SoftBank will provide $1 billion, while Grab will contribute $750 million and Petroleum Sarawak $100 million. The companies aim to support Malaysia's digital ambitions and accelerate AI innovation across Southeast Asia.
SoftBank chairman and CEO Masayoshi Son, ranked as Japan's second-richest tycoon with a net worth of $48 billion, emphasized Malaysia's talent and ambition in leading AI development. Malaysia's data center capacity is projected to reach 6.8 gigawatts by 2030, becoming one of Asia's largest hubs. Grab's co-founder and CEO, Anthony Tan, highlighted the company's commitment to developing AI solutions for the region.
The collaboration aims to build critical AI infrastructure in Malaysia for all of Southeast Asia, following setbacks in SoftBank's and Grab's expansion plans, including a blocked acquisition by China and a rejected takeover in Taiwan.
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