Oracle to Invest $6.5 Billion in Malaysia's First Public Cloud Region

Oct 2, 2024, 06:04 AM

Oracle Corporation is set to invest $6.5 billion in Malaysia to establish its first public cloud region in the country, and its third in Southeast Asia. This significant investment aims to enhance AI and cloud infrastructure in Malaysia, positioning it as a key player in Southeast Asia's growing tech ecosystem. The new cloud region will provide access to Nvidia chips, which are crucial for accelerating generative AI development. This move by Oracle outpaces the spending of other tech giants like AWS, Microsoft, and Google in the region. The investment is expected to modernize Malaysian organizations and boost digital innovation and analytics capabilities.