KUCHING, Nov 10: SoftBank Group, Grab, and Petroleum Sarawak Berhad (PETROS) have signed a Joint Development Agreement (JDA) in connection with plans for US$1 billion (approximately RM4.07 billion) in initial combined seed capital to develop artificial intelligence (AI) infrastructure in Sarawak.
In a joint media release issued on Monday (Nov 9), the JDA—building on the framework agreement signed by the three parties here on Oct 8—marks the next phase of the partnership to advance plans to develop AI infrastructure in Sarawak by combining SoftBank Group’s global AI and technology capabilities, Grab’s digital and AI expertise, and PETROS’ local energy and infrastructure development experience.
