SoftBank and Grab Invest 1.85 Billion in Malaysia AI

SoftBank Group and Grab Holdings signed joint agreements with Petroleum Sarawak to build AI infrastructure in Malaysia. The initial seed capital totals US$1.85 billion, split between the partners, targeting five gigawatts of compute. This move adds data centers to Grab's existing financial commitments, including its US$1.49 billion stake in Atome Financial.