TOKYO - SoftBank Group Corp. said Monday it will jointly build one of Asia's largest artificial intelligence infrastructures in Malaysia with companies including Southeast Asian ride-hailing giant Grab Holdings Ltd.
An initial $1.85 billion will be invested in the project, with SoftBank Group providing $1 billion of the total.
The facility will include an AI data center, with development to be carried out in partnership with major global tech firms, the company said. It will not issue bonds to fund the project and will instead use its cash on hand.
SoftBank Group Chairman and CEO Masayoshi Son said in a statement on its website, "Together with Grab, we will build the capacity needed to support Malaysia's digital ambitions and accelerate AI innovation across Southeast Asia."
