Wednesday, October 2, 2024

"Oracle to Invest $6.5 Billion in AI and Cloud Infrastructure in Malaysia"

Malaysia is becoming something of a regional hotbed for data centers.

From Dow Jones Newswires via Morningstar, October 1:

Oracle Corp. plans to invest more than $6.5 billion to establish a public cloud region in Malaysia, aiming to meet the country's growing demand for artificial intelligence and cloud services.

The investment will allow Malaysian businesses to leverage AI infrastructure and services, and migrate mission-critical workloads to Oracle cloud infrastructure, the company said in a statement Wednesday.

Malaysia's Minister of Investment, Trade and Industry, Tengku Zafrul Aziz, welcomed the move, which supports the government's plan to create 3,000 smart factories by 2030. Oracle's multi-billion-dollar commitment underscores Malaysia's potential as a premier Southeast Asian destination for digital investments, the minister said.

Tech giants such as Microsoft Corp., Google and ByteDance have unveiled several large-scale investments in Southeast Asia in recent months, much of it part of efforts to develop infrastructure to meet the growing computational needs of AI systems....

....MUCH MORE

Related: