M’sia secures RM9.4bil Google investment

  • 📰 staronline
  • ⏱ Reading Time:
  • 41 sec. here
  • 10 min. at publisher
  • 📊 Quality Score:
  • News: 48%
  • Publisher: 75%

Corporate News News

Google,Datacentre,Cloudregion

SAN FRANCISCO (Reuters) - Elon Musk ignored repeated warnings about the U.S. securities disclosure obligations potentially triggered by his growing stake in Twitter in 2022, according to a Morgan Stanley executive who helped Musk secretly amass shares in the social media firm, a lawsuit says.

Google CFO Ruth Porat said the data centre and the cloud region was Google’s largest planned investment so far in Malaysia.

The cloud region will be complemented by Google Cloud’s existing Dedicated Cloud Interconnect locations in Cyberjaya and Kuala Lumpur. A memorandum of understanding was also signed between the Malaysian Investment Development Authority and Google on Nov 14, 2023. It is noteworthy that the Google data centre will power its popular digital services such as Search, Maps and Workspace, while also playing an essential role in enabling Google to deliver the benefits of AI to users across the country.

“As this attracts further investments, it will spur innovation and drive growth for organisations of all sizes. Meanwhile, Porat said: “This investment builds on our partnership with the Malaysian government to advance its ‘Cloud First Policy,’ including best-in-class cybersecurity standards.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Google's RM9.4bil investment gives added value to teachers, students, says ministryA Michigan man with a suspended license was driving a car when he attended a scheduled court hearing via Zoom, a brazen move that left the judge baffled but seemingly amused, video shows.
Source: staronline - 🏆 4. / 75 Read more »