SoftBank reportedly plans $50 billion tech investment in Malaysia
SoftBank Group is reportedly planning a $50 billion investment in Malaysia, focusing on artificial intelligence, data centers, and digital infrastructure. This move aligns with Malaysia's goal to become an AI-driven nation by 2030.
Why it matters
Significant foreign direct investment in AI infrastructure signals Malaysia's growing importance as a regional tech hub in Southeast Asia.
SoftBank Group plans to make $50 billion of investments in Malaysia, Prime Minister Anwar Ibrahim said, according to a Bloomberg report.
Anwar said Saturday that Son had identified locations in Kuching, Sarawak, and peninsular Malaysia for the planned investments following a video conference between the two earlier in the week, the report said .
The country's prime minister said the planned investments would focus on artificial intelligence, new technologies and data centers, according to the report.
The planned investment comes as Malaysia seeks to become an "AI nation " by 2030, with the government launching a national AI action plan earlier this year to strengthen the country's AI capabilities and infrastructure.
Earlier this month, SoftBank signed a framework agreement with Singapore-based Grab and Malaysia's Petroleum Sarawak Berhad to explore AI and digital infrastructure development in Sarawak, including AI computing services and advanced technologies.
Also covering this story
13 other newsrooms covered this event. We read each version separately.
Anthropic unveils details of planned historic stock market debut
SoftBank is planning a $50 billion AI and data center push in Malaysia
Anthropic's Claude accessed Georgia's public vote counts without human authorisation
In Anthropic's Historic IPO Filing, A Mention Of AI's "Existential Risks"
Anthropic’s IPO filing lays out a plan to ‘revolutionize every area of human endeavor’ with AI
Anthropic's Claude accessed Georgia state vote count information behind paywall, Axios reports
What smart people are saying about Anthropic's IPO paperwork
Anthropic officially files for its public debut
AI giant Anthropic files for blockbuster IPO
Anthropic Investigates Elevated Errors Across Five Claude Models
AI giant Anthropic files for an IPO that could break records
Anthropic’s IPO Prospectus Reveals What’s Under the Hood
SoftBank’s Son plans US$50 bil Malaysia tech outlay, PM says
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in