Tengku Zafrul: ByteDance plans RM10b investment in AI, to make Malaysia regional hub

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Bytedance News

Tiktok Owner,Tengku Zafrul Abdul Aziz,AI Investment

KUALA LUMPUR, June 7 — TikTok owner ByteDance plans to invest in artificial intelligence (AI) and turn Malaysia into a regional AI hub with a proposed investment of about RM10...

Revert to Perikatan/BN govt's DLP policy to respect parents’ choice in language policy for science and maths subjects, Guan Eng tells Education MinistryInvestment, Trade and Industry Minister Datuk Seri Tengku Zafrul Abdul Aziz with TikTok vice president Helena Lersch and ministry officials in Singapore, June 7, 2024.

In a post on X , Investment, Trade and Industry Minister Datuk Seri Tengku Zafrul Abdul Aziz said this was conveyed to him during his meeting with TikTok vice president Helena Lersch in Singapore today. “The additional investment from ByteDance will certainly help Malaysia in achieving the target of growing the digital economy to 22.6 per cent of Malaysia’s Gross Domestic Product by 2025,” he said.

The minister also noted that TikTok, through ByteDance System Sdn Bhd, has developed a data centre at Sedenak Tech Park in Kulai, Johor.Taking into consideration future requirements, Tengku Zafrul said, the company also plans to expand the data centre facility with an additional investment of RM1.5 billion. — Bernama

 

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