TapTechNews May 30th, Google today announced through a statement that it has committed to invest 2 billion US dollars (TapTechNews note: currently about 14.52 billion Chinese Yuan) in Malaysia. The investment projects include building the first data center, a new Google Cloud region, and further developing artificial intelligence, etc.
Alphabet's chief financial officer Ruth Porat said that this is Google's largest investment plan in Southeast Asian countries. The above investment includes a plan to cultivate the local people's AI literacy. It is expected to bring more than 3.2 billion US dollars (currently about 23.232 billion Chinese Yuan) contribution to Malaysia's GDP and create 26,500 jobs by 2030.
Malaysian Prime Minister Anwar Ibrahim said, 'There is no doubt that this will make Malaysia one of the leading countries in using and supporting services based on digital technologies.'
Earlier this month, Microsoft also announced its investment plan in Malaysia: It will invest 2.2 billion US dollars (currently about 15.972 billion Chinese Yuan) in the next four years to support Malaysia's digital transformation, which is the largest single investment since the company entered the Malaysian market. This investment includes building cloud and AI infrastructure locally, providing skills training opportunities for 200,000 local residents, as well as establishing a national AI Center of Excellence and enhancing local network security capabilities and supporting the development of the local developer community.
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'After Indonesia, Microsoft announces that it will invest 22 billion US dollars in Malaysia for cloud computing and AI'