YTL Communications Sdn Bhd, the telecommunications subsidiary of YTL, will own and manage the AI infrastructure that will provide AI computing services to the nation.

The YTL Group’s deep experience and expertise in infrastructure development will enable the rapid rollout of AI data centres, with the first phase expected to be operational by mid-2024.

YTL Power is not Nvidia, Nvidia derives most profit from AI chips manufacturing, software and gaming. YTL Power uses Nvidia AI chips and software like Nvidia NeMo, it is venturing into new business sector just like other Data Center player (Microsoft in coming in a big way in Sedenak Tech Park and NCIP). More so, YTL Power is just a client and Nvidia is not putting a single sen into this Data Center. Read carefully the write up below and get the fact right : -


"Kuala Lumpur, December 8, 2023

YTL Power International Berhad (YTL) today announced a collaboration with NVIDIA to build AI infrastructure that will bring the fastest supercomputers to Malaysia by the middle of 2024.

The announcement was made today in a meeting between Jensen Huang, founder and CEO of NVIDIA, and the Prime Minister of Malaysia, Dato’ Seri Anwar bin Ibrahim. Also present were Tengku Datuk Seri Zafrul Abdul Aziz, Minister of Investment, Trade and Industry (Miti) and Dato’ Yeoh Seok Hong, Managing Director of YTL Power International Berhad.

Tengku Zafrul, speaking after the visit, said, “We welcome partnerships such as the one between YTL and NVIDIA, exactly the kind of strategic collaborations targeted by our New Industrial Master Plan 2030. By offering supercomputing cloud services and leveraging AI to power innovations, such partnerships enhance our economic complexity, paving the way for us to become a high technology and high-income nation while further positioning Malaysia as a top investment destination.”

YTL will deploy NVIDIA H100 Tensor Core GPUs, which power today’s most advanced AI data centres, and use NVIDIA AI Enterprise software to streamline production AI. NVIDIA AI Enterprise includes NVIDIA NeMo, an end-to-end, cloud-native framework for building, customising, and deploying generative AI models from anywhere.

NVIDIA H100 GPUs deliver industry-leading generative AI and can speed up large language models (LLMs) by an incredible 30X compared with the previous-generation GPUs.

The AI infrastructure will be hosted in the YTL Green Data Center Park in Kulai, Johor, a 500 MW facility developed by YTL that will be uniquely powered by an equivalent amount of on-site solar energy. YTL Communications Sdn Bhd, the telecommunications subsidiary of YTL, will own and manage the AI infrastructure that will provide AI computing services to the nation. YTL Communications owns and operates a national mobile network and was the first to offer 4G and 5G services in the country under its “Yes” brand.

The AI infrastructure will provide the foundation for scientific research and the development of solutions and applications that will accelerate Malaysia’s progress towards becoming an AI nation.

YTL will not only provide green, energy-efficient AI infrastructure to scientists, developers, and startups across the nation, it will also create AI-specific applications and services for its customers. YTL plans to use NVIDIA NeMo to customise and deploy a Malay language foundation model that will be sensitive to Malaysia’s multi-cultural heritage.

“This collaboration with NVIDIA comes at an opportune time. In the 12 months since the launch of ChatGPT, we have seen how AI is changing the way we work, live, and learn. Having our own supercomputing infrastructure and the ability to train talent locally will accelerate Malaysia’s advancement towards being a top AI nation. This will be the foundation for a digital economy powered by innovative solutions and applications built on our very own sovereign LLM,” said Dato’ Yeoh Seok Hong, Managing Director of YTL Power International. “This collaboration with NVIDIA is poised to bring many benefits to the nation. Our green data centres and low energy solutions are an ideal fit to be used with their high-performance supercomputers. We are excited to begin this journey to bring our nation to the forefront of AI development.”

“Malaysia is embracing AI to enhance jobs, drive competitiveness, and supercharge innovation,” said Raymond Teh, Senior Vice President of the Asia-Pacific region at NVIDIA. “This collaboration will help deliver advanced AI computing infrastructure to enable Malaysia to build its own LLMs and power the country’s next wave of generative AI applications.”

Datuk Wira Arham Abdul Rahman, the CEO of Malaysian Investment Development Authority (MIDA), was also present to witness the occasion and said that “MIDA applauds the unwavering commitment of YTL to embrace and invest in cutting-edge technology, through partnership with NVIDIA. In an era fuelled by technological advancements, it is truly commendable to witness YTL’s pivotal role in developing a robust data infrastructure. This initiative not only underscores YTL’s dedication to innovation, but more importantly, contributes towards advancing our local business ecosystem technologically. ”

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RM 315 million already paid by Microsoft within 3 months after signing S&P. This is called efficiency and professionalism. Can expect share price to shoot up tomorrow.........

"On behalf of the Board, UOBKH wishes to announce that the Balance Disposal Consideration has been fully paid by the Purchaser to the Purchaser’s solicitors on 21 February 2024. Pursuant thereto, the Completion Date as defined under the SPA has taken place on 21 February 2024."

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3422893

Ada volume ada naik. El Dino pun sudah sampai. Apa lu tunggu lagi ?

Ada volume ada naik. Apa lu tunggu lagi ?

MNRB can go up, likewise MBSB should be up too .......

Price up volume up.

Why are you still waiting ?

Super confident it is moving up !

https://www.thestar.com.my/business/business-news/2024/02/19/positive-outlookfor-banking-sector

Why Singapore housing is so expensive? Land cost itself is more than 50% of the GDV! Construction cost is negligible as mainly hard labours are foreign workers. Marketing cost is negligible because sales personnel in the showroom all foreigners. Finance cost is negligible because all funded by parent company internally. Next big ticket item is the gross profit to be taxed by the Singaporean govt. All in all, Singapore properties are expensive because of land cost, stamp duty (certainly many involving Additional Buyer Stamp Duty ABSD), corporate tax and marked up for profit. Good luck for those Singaporean intent to invest in residential property!

Rumours from Singapore YTLP may not get enough power for the intended Data Centre from TNB. How will it affect the Nvidia venture with YTLP?

YTLP is an independent power producer (IPP) supplying power to National Grid. Will YTLP required to produce sufficient electricity to run this Data Centre? How YTLP going to build new power plant? Is special licence required and how long does it take for the power plant to be operational? Can it be ready by the time physical Data Centre facility already completed? More important is Nvidia willing to take the risk?

Also rumours saying Nvidia may be interested to take up 100 acres industrial land offered by Crescendo. Why TNB not willing to supply power to YTLP/Nvidia venture, but considering Crescendo/Nvidia venture? Does it has anything to do with previous interview Francis Yeoh gave years back?

What do you have to do now? Play safe, sell YTLP and wait for everything settled? Or hold on to YTLP share and doing nothing? I am more incline to lock in profit first. Let those with risk appetite to make more profit. I always believe a bird in hand worth more than 2 bird in the bush. Good luck!

Where are the 'former promoters' for Jaks? KYY no more interested in the Vietnam power plant. But for those who 'calculate' how much to attribute to Jaks are no more to be found.

Jaks Directors only interested in self enrichment scheme. Profit calculation may be good on paper, just like Ever Since Die. Same promoters also gone hiding........

On behalf of the Board, UOBKH wishes to announce that the Conditions Precedent set out in the SPA have been duly fulfilled. Accordingly, the SPA has become unconditional in accordance with its terms and conditions on 5 February 2024.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3419871

Now can just wait for durian runtuh.

Wistron operated in India for 20 years. Outcome? Modi robbed and gave to Tata. Wistron lost a fortune in India, so it came over to Malaysia.

I am very confident!

Where got climate change? Donald Duck is going to pull out again if he wins this Nov election.

Everything is melting': Argentines seek cool as heat wave strikes

https://klse1.i3investor.com/blogs/kianweiaritcles/2024-02-02-story-h-189373265-_Everything_is_melting_Argentines_seek_cool_as_heat_wave_strikes.jsp


No soya harvest, good for Malaysia.......

12 Dec 2023, Peso was still at 366 to a dollar. By end of Feb 2024, it should be at 900 to a dollar. By Dec 2024, Peso should be at 1500 to a dollar.

So no soya harvest. Good for Malaysia! Please don't cry for Argentina. Peso is now at 826 to a dollar. Inflation going to be 300% for 2024 compared with 211% for 2023.

Why so bad? Self inflicted when the chose Argentina Donald Trump to govern the country for next 5 years.

YNH as it is now, next TP is 35 sen, then 25 sen, next 15 sen, ultimately 5 sen, then get delisted.

Rapid forced sale already reported.
Wait for the announcement for YNH forced sale reports.

Haha.....
How to rebuild investors confidence?
Explain in detail the prepaid JV Developments.
Who are the owners of JVs, where are the developments, expected completion dates, why so much deposits were paid, any clause to safeguard these investments.
If no valid explanation, potential investors must consider all these prepaid amount are gone.

Mah Sing very confident in property market for coming few years. This is already the 8th land transaction in recent months.

Likewise, many other developers are building up their land banks.
Next few years will see property boom for Malaysia.
Why?

So make sure JTiasa go down to 50 sen?

So to justify toll can extend for another 33 years.

Mudajaya went belly up because of India power venture. Ask KYY and he can tell you the whole story.

Everything is fine for IJM to secure major construction contracts EXCEPT building highways in India.
Never learn lesson from Mudajaya?
Never learn lesson from Xiomi?
Never learn lesson from Vodafon?
Never learn lesson from Wistron?

India is known to be corporate graveyard for foreign investors.
We expect IJM will lose rm 1 billion in potential Indian contract.

Play safe. Just leave India alone. You will not make money from India as Modi is going to find way to rob you 'legally'.

Go to TRX Exchange Mall,go to KLCC, go to Pavilion, go to Sunway Velocity. What do you see? 9 out of 10 Chinese are Main lander.

Posted by ks55 > Jan 12, 2024 10:03 AM | Report Abuse X

At 2.70, might as well switch over to Crescendo at the same price.

1.2 billion prepaid for JV Development to be taken as gone. How much is the left over after you deduct loans and liabilities?

Talk so much what for? We want action, not words.
What is Immigration Department doing?
Kota Raya full of illegal migrants.
Chow Kit full of illegal migrants.
Wisma MPK (Mydin Klang) full of illegal migrants.
All are eye sores to local businessmen and residents.
Never add points to promote image of Malaysia.

Both Rapid and YNH are heading for limit down

Both Rapid and YNH are heading for limit down.

Went hiding.

SC may be looking for him.

CCID may be looking for him.

Still got people interested in glove stock? Sudah tertinggal masa.

Go for property stocks now. Major developers already building up their land banks since last year. They are very confident in property market for next few years.

Go for Data Centres related companies. Malaysia is set for future Data Centre hubs. Go for Crescendo. It already sold 100 acres for 540 million, going to sell another 100 acres for not less than 500 million.

Why property stocks are good bet now? Interest rate has peaked at 4.25 - 4.5% for housing loan.

Which property stock is a better buy? You need to do your own research.

APM is leader of component OEM. Highly automated. More car sales, more components required. Just read the profit trend to make sure you are not leaving behind.

How should you vote in EGM?

Vote yes, you see value of fire sales bleeding your heart. At least getting some residue because not benefiting the Yu family.

Vote no, Yu family will do monkey trick again, and the property and money gone in thin air.

Either way is no good to shareholders. Just have to weigh which one cause lesser damage.

Wait to see another fire sale of Genting land. Could it be sold for rm 50 million? Who would be the buyer? Make sure is not sold to person related to Yu brothers.

RM 1.2 billion prepaid JV development most probably will be wiped out completely, that is already more than double the paid up capital. What about the loan? Still got future for YNH?

SP Setia starts its rocket to the moon now. You know what? More than 500 acres of Petaling Garden land in Klang is now developed into an industrial park. Petaling Garden was acquired by I&P, but I&P is now wholly owned by SP Setia. Where is exactly this land? Beside Klang Sentral across Jalan Meru is Setia Alam...........

He may be dead by then. Just let him alone. His personal view is no more relevant. Can completely ignore him till his last day. After that, people will come out to praise him for his contribution to help develop Malaysia.

Volume shrinks. Not a good sign.........at least for near term..............

Why Ekovest price movement so erratic not like WCT? Anyone wish to explain?

WCT is moving gradually towards my TP 80 sen. Volume is building up too..........Very healthy sign..............

Scomo caused so much harm to Australia. Surely China won't want to have any deal with any company associated with him.

Tun M lost his deposits........

Today total transaction 234 million. Considered 60% were done by day traders, total forced sold share at most is 100 million. We are expecting at least 50 million to 200 million shares are still on the pipeline to sell.

Since YNH already experienced 2 limit down in a row, sellers cannot sell lower than 55.5 tomorrow. No much transaction expected tomorrow. Real show will be on Wednesday. Wait and see if its share price will again hit limit down at 25.5 sen on that day.

Posted by mohdshareef > Jan 22, 2024 3:38 PM | Report Abuse

@ks55 Datin Chan Sow Keng is wife of Yu Kuan Chon



So Yu Kuan Chon is getting rm 10.1 million Director's fees instead of 7.5 million. Alternate Director's fees are taken from its principal Director. Check how much CEO of Crescendo paid. Check how much former Executive Chairperson of Plenitude was paid. All these two companies are much larger and more profitable than YNH!

At least CCHB has plenty of land in good location, in Bukit Jalil growth triangle.