AN Indian company Immerso AI-IP is set to invest US$1 bil to establish Malaysia’s first artificial intelligence (AI) park and AI movie studio, according to Digital Minister Gobind Singh Deo. The investment is expected to create around 5,000 jobs over the next five years.

The announcement follows a series of meetings in New Delhi, where Gobind met with business leaders including Ali Hussein, CEO of Immerso AI-IP, which is part of the Eros Investments Group.

I was informed that the Immerso AI park will encompass an AI university and an AI data centre, said the minister.

“It will drive global collaborations to support startups. The AI movie studio and film city hub will enhance talent skills in transmedia and digital production in Malaysia.

The ventures will also identify opportunities to incorporate Malaysian content into the companies’ existing and new intellectual properties (IPs).

Moreover, a memorandum of understanding (MOU) has been signed between the Malaysia Digital Economy Corporation and India’s IT services trade body Nasscom to provide training for Malaysians in key digital sector areas.

Gobind, who accompanied Prime Minister Datuk Seri Anwar Ibrahim on a recent three-day visit to India highlighted that the trip opened new opportunities for Malaysia’s digital economy. Last year, the sector saw investments totalling RM1.6 bil.

The visit also led to the establishment of a joint digital council between Malaysia and India, and the signing of another MOU to facilitate the exchange of digital technology-based solutions and promote business-to-business partnerships between industry players in both countries.  - Aug 29, 2024

https://focusmalaysia.my/india-based-firm-to-invest-us1b-in-msias-first-ai-park-movie-studio/