SoftBank, Grab and PETROS commit $1.85 billion to Malaysian AI infrastructure
SoftBank Group, Grab Holdings and Petroleum Sarawak Berhad have signed agreements to invest $1.85 billion in seed capital for AI data centers and compute capacity across Malaysia, targeting at least 5 gigawatts over the long term.
SoftBank Group, Grab Holdings and Petroleum Sarawak Berhad (PETROS) have entered joint development agreements to invest $1.85 billion in initial combined seed capital into Malaysian artificial intelligence infrastructure, according to tech and business outlets. The investment will fund AI data centers and compute capacity as part of a multi-year effort that targets at least 5 gigawatts of long-term compute capacity.[1][2][3][4]
Under the plan, funding will be deployed in stages depending on project milestones, customer contracts and closing conditions. SoftBank is contributing $1 billion, Grab is providing $750 million, and PETROS is adding $100 million. Geographically, $1 billion is earmarked for Sarawak, where PETROS is partnering on development, while $850 million is allocated to Peninsular Malaysia. Grab will lead the Peninsular Malaysia initiative with a $650 million commitment alongside $100 million directed to Sarawak, marking an expansion into data center operations for the ride-hailing and delivery platform.[3][4][5]
The partners have also signed a framework agreement to explore a wider AI and digital infrastructure platform in Sarawak and look for opportunities beyond their initial developments. Malaysian Prime Minister Anwar Ibrahim welcomed the consortium's commitment, stating that the SoftBank-led investment demonstrates global confidence in Malaysia.[2][4]
Key facts
- SoftBank Group, Grab and PETROS signed joint development agreements committing $1.85 billion in initial seed capital for Malaysian AI data centers and compute capacity.
- The multi-year initiative aims to build at least 5 gigawatts of AI compute capacity over the long term.
- Capital contributions include $1 billion from SoftBank, $750 million from Grab and $100 million from PETROS.
- The initial funding allocates $1 billion to Sarawak and $850 million to Peninsular Malaysia.
- Grab is leading the Peninsular Malaysia project with $650 million of its funding and investing $100 million in Sarawak.
- Funding is scheduled to be invested in stages based on project progress, customer contracts and deal conditions.
- The companies signed a framework agreement to explore an AI and digital infrastructure platform in Sarawak alongside future opportunities.
- Malaysian Prime Minister Anwar Ibrahim said the SoftBank-led consortium's investment reflects global confidence in the country.
Sources · 5 sources
- NA
Nikkei Asia@NikkeiAsiaPost on X ·
Grab, SoftBank to invest $1.85bn in Malaysia AI infrastructure https://t.co/q7EfvcTeho
Open source - CB
Crypto BriefingArticle ·
SoftBank, Grab and PETROS bet on Malaysian AI infrastructure with 5 GW target This collaboration could position Malaysia as a leading AI hub in Asia, boosting regional digital infrastructure and economic growth. The post SoftBank, Grab and PETROS bet on Malaysian AI infrastructure with 5 GW target appeared first on Crypto Briefing .
Open source - TI
Tech in Asia@techinasiaPost on X ·
SoftBank Group and Grab Holdings plan to invest in AI infrastructure across Sarawak and Peninsular Malaysia, with Petroleum Sarawak Berhad (PETROS) involved in the Sarawak project. The projects have a long-term target of at least 5 gigawatts of AI compute capacity. https://t.co/cuwACgrsmT
Open source - AG
AGTP@AGTPinsightsPost on X ·
SoftBank, Grab and PETROS just signed deals to invest $1.85B in Malaysian AI infrastructure. Here's what you need to know. The three companies signed joint development agreements for $1.85B in initial combined seed capital. The money goes into AI data centers and compute capacity in Malaysia. It is part of a multi-year plan covering Sarawak and Peninsular Malaysia. The long-term target is 5 gigawatts or more of AI compute capacity. Reports say the agreements contain binding development terms. The split by region: $1B goes to Sarawak, and $850M goes to Peninsular Malaysia. SoftBank, Grab and PETROS are also set to explore opportunities beyond these first projects. Grab's $750M is made up of $650M for the Peninsular Malaysia project, which it will lead, plus $100M in Sarawak. For Grab, a ride-hailing and delivery company, this is a new push into data centers. Malaysian PM Anwar Ibrahim welcomed the announcement. He said the SoftBank-led consortium's investment reflects global confidence in Malaysia. SoftBank, Grab and PETROS have also signed a framework agreement to explore an AI and digital infrastructure platform in Sarawak. Key numbers: - $1.85B total initial seed capital - $1B from SoftBank - $750M from Grab - $100M from PETROS - $1B for Sarawak, $850M for Peninsular Malaysia - 5 GW or more of long-term AI compute target - Grab stock at $3.48, up 2.05% on the day The plan aims to make Malaysia a major AI compute hub in Southeast Asia.
Open source - CO
Cointelegraph@CointelegraphPost on X ·
🔥 BIG: SoftBank Group, Grab and Petros plan to invest in AI, with SoftBank committing $1B. https://t.co/45lxPUt2vV
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