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M’sia secures RM9.4bil Google investment

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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.”

 

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