Oracle Corp. has announced plans to invest $6.5 billion in the construction of a cloud services center in Malaysia, marking a significant commitment to the region's technological development. This initiative positions Oracle among the latest global tech giants to enhance AI infrastructure in Southeast Asia.
The new cloud region will consist of a network of data centers designed to provide corporate clients with advanced services, including access to Nvidia Corp. chips, which are essential for accelerating generative AI development. This investment is expected to play a pivotal role in advancing the region's capabilities in AI and cloud computing.
The establishment of this cloud center is indicative of the growing trend among major technology firms to invest in Southeast Asia, a region increasingly recognized for its potential in the tech industry. As businesses and governments alike seek to leverage AI technologies, Oracle's move is likely to have far-reaching implications for economic growth and technological innovation in Malaysia and beyond.
Source: Bloomberg, October 2, 2024