Softbank, Grab Announce US$1.85 Bln Initial Seed Capital For Malaysia's AI Infrastructure

By Anas Abu Hassan

SINGAPORE, Nov 9 (Bernama) -- SoftBank Group Corp and Grab Holdings Ltd on Monday announced the signing of joint development agreements in connection with plans for US$1.85 billion (US$1=RM4.06) initial combined seed capital to develop artificial intelligence (AI) infrastructure in Malaysia with Petroleum Sarawak Bhd (Petros).

Softbank-led Consortium’s AI Investment Reflects Global Confidence In Malaysia -- PM Anwar

KUALA LUMPUR, Nov 9 (Bernama) -- The SoftBank-led consortium’s investment in an artificial intelligence (AI) platform in Malaysia reflects global confidence in the country’s potential to develop and use AI, says Prime Minister Datuk Seri Anwar Ibrahim.