Microsoft to invest RM10.5bil in Malaysia’s cloud and AI infrastructure
02 May 2024
Microsoft will invest RM10.5 billion over the next four years to support Malaysia’s digital transformation – the single largest investment in its 32-year history in the country.
Microsoft chairman and chief executive officer Satya Nadella said the company aims to build a “world class AI infrastructure” that will be made available to Malaysia.
Its investment includes building cloud and AI infrastructure in Malaysia as well as creating AI skilling opportunities for an additional 200,000 people in the country.
Via the investment, Microsoft also plans to strengthen partnership with the government to establish a national AI Centre of Excellence and enhance the nation’s cybersecurity capabilities.
“We are committed to supporting Malaysia’s AI transformation and ensure it benefits all Malaysians. “Our investments in digital infrastructure and skilling will help Malaysian businesses, communities, and developers apply the latest technology to drive inclusive economic growth and innovation across the country,” said Nadella during the Microsoft Build: AI Day here today.
Separately in a statement, the Malaysian Investment Development Authority (MIDA) stated this initiative is part of the ongoing Bersama Malaysia commitment since 2021.
The commitment is set to transform Malaysia into a leading digital hub, starkly enhancing economic growth and inclusivitythrough innovative technology.
MIDA noted this investment as a promising development that distinguishes Malaysia as a top destination for digital investment.
MIDA CEO Sikh Shamsul Ibrahim Sikh Abdul Majid said Malaysia is poised to establish itself as a leading digital hub, attracting major tech enterprises.
“As digitalisation increasingly redefines global economies, we welcome Microsoft’s announcement of new investment in Malaysia and we look forward to continue to work with Microsoft, a world leader in the digital field, to foster innovation in start ups, create jobs and harness the transformative power of AI for the betterment of Malaysia’s society. “AI now stands as a pivotal game-changing technology that impacts us all.
“Microsoft’s decision to continue investing in Malaysia highlights Malaysia’s attractiveness as a preferred digital investment destination that offers a compelling ecosystem for companies seeking to establish its operation in the region,” he said.
He added Microsoft’s cloud and AI infrastructure will create a ripple effect of opportunities that bridge the digital divide while empowering businesses to thrive in the digital age.
Source: NST
