Softbank, Grab, and PETROS Announce $1.85 Billion Investment in Malaysian AI Infrastructure

Petroleum Sarawak Bhd (PETROS), SoftBank Group Corp, and Grab Holdings Ltd have signed a joint development agreement for an initial combined seed capital of $1.85 billion to develop AI infrastructure in Sarawak and Peninsula Malaysia. This significant investment aims to build towards a long-term target of five gigawatts of AI compute capacity and explore opportunities across the wider AI value chain.