ByteDance Plans To Transform Malaysia Into Regional AI Hub With RM10 Billion Investment

📆 07/06/2024 14:56:00
📰 LowyatNET

⏱ Reading Time:
22 sec. here
2 min. at publisher
📊 Quality Score:
News: 12%
Publisher: 59%

Bytedance News

Ireland Ireland Latest News,Ireland Ireland Headlines

TikTok owner ByteDance plans to transform Malaysia into a regional AI hub with a projected investment of about RM10 billion, announced investment, trade and

industry minister Tengku Datuk Seri Zafrul Abdul Aziz. In a post on X , he revealed that this was conveyed to him during his meeting with TikTok vice president Helena Lersch in Singapore earlier today.

'This additional investment by Bytedance will undoubtedly help Malaysia achieve its target of growing the digital economy to 22.6% of Malaysia's Gross Domestic Product by 2025,” the minister said.Zafrul also noted that the company developed a data centre at Sedenak Tech Park in Kulai, Johor. Considering future needs, ByteDance is planning to expand the facility with an additional investment of RM1.5 billion, he added.

Write Comment

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:

Ireland Ireland Latest News, Ireland Ireland Headlines

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

ByteDance plans RM10 bln investment in AI, to make Malaysia regional hubKUALA LUMPUR: TikTok owner ByteDance plans to invest in artificial intelligence (AI) and turn Malaysia into a regional AI hub with a proposed investme...
Source: theSundaily - 🏆 25. / 51 Read more »

Tengku Zafrul: ByteDance plans RM10b investment in AI, to make Malaysia regional hubKUALA 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...
Source: malaymail - 🏆 1. / 86 Read more »