SoftBank, Grab and Petros to build ‘among Asia’s largest’ AI facilities in Malaysia with US$1.85b seed capital

Malay Mail News & blogs · 1 hr ago

Key takeaways

SoftBank, Grab, and Petros signed agreements to invest US$1.85 billion in AI infrastructure in Malaysia, aiming to build facilities that could become among Asia's largest.

SoftBank contributes US$1 billion, Grab US$750 million, and Petros US$100 million to the initial seed capital.
The multi-year plan targets five gigawatts or more of AI compute capacity across Sarawak and Peninsular Malaysia.
Investment deployment is staged, subject to achieving key development and customer contract milestones.

Summarised automatically by AI from the original article by Malay Mail. AI can make mistakes, so check the original for details.

SINGAPORE, Nov 9 — SoftBank Group Corp and Grab Holdings Ltd yesterday announced the signing of joint development agreements in connection with plans for US$1.85 billion (RM7.5 billion) initial combined seed capital to develop artificial intelligence (AI) infrastructure in Malaysia with Petroleum Sarawak Bhd (Petros).

In a joint statement, SoftBank and Grab said the combined investment forms part of a multi-year plan to develop AI compute capacity across Sarawak and Peninsular Malaysia, with a long-term target of five gigawatts or more.

The proposed initial combined seed capital of US$1.85 billion comprised US$1 billion from SoftBank Group, US$750 million from Grab and US$100 million from Petros.

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Published: November 10, 2026 at 9:29 AM GMT+8
Section: Money
Format: Article
Original: malaymail.com ↗

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Related reporting

6 stories on this topic from 6 sources, oldest first.

Nov 10, 8:05 AM GMT+8
Bernama Softbank, Grab Announce US$1.85 Bln Initial Seed Capital For Malaysia's AI Infrastructure
Nov 10, 8:13 AM GMT+8
Utusan Malaysia Softbank, Grab umum modal permulaan AS$1.85 bilion bangunkan infrastruktur AI Malaysia
Nov 10, 8:15 AM GMT+8
Berita Harian Softbank, Grab umum modal permulaan AS$1.85 bilion bangunkan infrastruktur AI Malaysia
Nov 10, 9:29 AM GMT+8
Malay Mail SoftBank, Grab and Petros to build ‘among Asia’s largest’ AI facilities in Malaysia with US$1.85b seed capital (this story)
Nov 10, 10:05 AM GMT+8
Lowyat.NET SoftBank, Grab And PETROS Commit US$1.85 Billion For AI Infrastructure In Malaysia
Nov 10, 10:41 AM GMT+8
DayakDaily SoftBank, Grab, PETROS ink US$1 bln initial investment for AI infrastructure devt in S’wak

SoftBank, Grab and Petros to build ‘among Asia’s largest’ AI facilities in Malaysia with US$1.85b seed capital

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