SINGAPORE, Nov 9 (Bernama) -- SoftBank Group Corp and Grab Holdings Ltd on Monday announced the signing of joint development agreements in connection with plans for US$1.85 billion (US$1=RM4.06) initial combined seed capital to develop artificial intelligence (AI) infrastructure in Malaysia with Petroleum Sarawak Bhd (Petros).
Softbank, Grab Announce US$1.85 Bln Initial Seed Capital For Malaysia's AI Infrastructure
Singapore, SoftBank, Grab, Petros, AI, Investment
BE Bernama 
Key takeaways
SoftBank and Grab announced a $1.85 billion investment to develop AI infrastructure in Malaysia with Petros.
- The investment includes $1 billion from SoftBank, $750 million from Grab, and $100 million from Petros.
- The project aims to create large AI infrastructure in Malaysia to meet global and regional computing demands.
- The investment will be deployed in stages based on project milestones and conditions.
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