CEO Morning Brief

Microsoft’s New US$2.2b Outlay Is Company’s Largest Single Investment in Malaysia, Says Anwar

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Publish date: Fri, 03 May 2024, 10:12 AM
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TheEdge CEO Morning Brief
Datuk Seri Anwar Ibrahim and Microsoft CEO Satya Nadella attend the National AI Leadership Forum in Kuala Lumpur May 2, 2024. (Photo via Facebook)

KUALA LUMPUR (May 2): The additional investment by Microsoft amounting to US$2.2 billion or RM10.5 billion in the country over the next four years is the largest single investment by the company in its 32 years in Malaysia.

Prime Minister Datuk Seri Anwar Ibrahim said the investment will greatly support the government's focus on developing artificial intelligence (AI) capacity in the country.

"This investment covers the development of cloud systems and infrastructure and AI, the creation of AI skill opportunities for an additional 300,000 people, the establishment of a National AI Centre of Excellence, enhancing the nation's cyber security capabilities and supporting the growth of the system developer community in Malaysia.

"Malaysia welcomes this investment decision which proves their confidence in the country's strong economic base, clear and focused policies, in addition to investor friendliness and political stability," he said in a Facebook post.

The prime minister and Satya Nadella, chairman and chief executive officer of Microsoft, attended the National AI Leadership Forum following a courtesy visit from Nadella and his delegation in Putrajaya on Thursday.

"We had a dialogue regarding matters that touched on technology, namely AI and the government's plans to prepare the country for change in this area.

“Hopefully this collaboration between Malaysia and Microsoft can bring significant benefits to the country and the people as a whole," he said.

Source: TheEdge - 3 May 2024

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