đČđŸ SoftBank and Grab commit $1.85B to build giant AI data centers in Malaysia
SoftBank Group, Grab and Sarawak's state energy firm PETROS signed joint development agreements for $1.85 billion in initial seed capital for AI infrastructure in Malaysia. SoftBank puts in $1 billion, Grab $750 million and PETROS $100 million, split between a SoftBank-led Sarawak project and a Grab-led one in Peninsular Malaysia. The long-term goal is 5 gigawatts or more of AI compute, with hyperscaler customers and more investors to be brought in.
â It is a big bet that Southeast Asia becomes a major AI compute hub, and it lands the same week SoftBank posted a $7 billion quarterly loss tied to US data center projects.
#AI
SoftBank Group, Grab and Sarawak's state energy firm PETROS signed joint development agreements for $1.85 billion in initial seed capital for AI infrastructure in Malaysia. SoftBank puts in $1 billion, Grab $750 million and PETROS $100 million, split between a SoftBank-led Sarawak project and a Grab-led one in Peninsular Malaysia. The long-term goal is 5 gigawatts or more of AI compute, with hyperscaler customers and more investors to be brought in.
â It is a big bet that Southeast Asia becomes a major AI compute hub, and it lands the same week SoftBank posted a $7 billion quarterly loss tied to US data center projects.
#AI
