Oracle to invest $6.5B in Malaysian data centers

By Agence France-Presse

Oct 03, 2024 12:10 am

KUALA LUMPUR — Tech giant Oracle on Wednesday said it plans to invest more than $6.5 billion on cloud services data centers in Malaysia, joining a list of US titans rushing to build up their artificial intelligence (AI) infrastructure in Southeast Asia.

The firm said in a statement the cloud region would help organizations in the country modernize their applications, migrate their workload to the cloud and innovate with data, analytics and AI.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Oil prices post 3% annual decline

Bitcoin more than doubles in 2024

Citigroup, BofA exiting NZBA

Mahindra posts 18% jump in Dec car sales

China December new home prices rise faster

Maersk braces for US strike

US Treasury targeted by China cyberattack