Microsoft invests $2.2 billion to build digital infrastructure in Malaysia
$Microsoft(MSFT.US)$
Microsoft will invest US$2.2 billion (RM10.5 billion) to build digital infrastructure in Malaysia and use this capital to build infrastructure for its cloud computing and artificial intelligence services within 4 years.
Prime Minister and Finance Minister Dato' Sri Anwar said in a Facebook post that he met with Microsoft CEO Sadia Nadella and the delegation and received the biggest investment commitment since Microsoft was founded 32 years ago in Malaysia.
Anwar said the investment covered the development of cloud systems, infrastructure and artificial intelligence (AI), creating AI training opportunities for another 300,000 people, establishing a national AI center of excellence, enhancing national cybersecurity capabilities, and supporting Malaysia's system developer community.
“Malaysia welcomes this investment decision, which demonstrates their confidence in the country's strong economic foundations, clear and targeted policies, and investor-friendliness and political stability. The investment is in line with the government's focus on developing AI capabilities and will be its main supporter.
“After the courtesy visit, Nadella and I attended the National Artificial Intelligence Leadership Forum. We talk about issues involving technology, artificial intelligence and the government's plans to prepare the country for current changes.”
Microsoft CEO Sadia Nadella also promised to invest at least 7 billion US dollars (RM33.3 billion) to build the company from Japan...

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$MYEG(0138.MY)$
MyEG (MYEG, 0138, Main Board Technology Stock) and Zetrix Foundation signed a Memorandum of Understanding (MoU) with MaiCapital, a virtual asset manager in Hong Kong, to discuss cooperation to launch a virtual asset fund or an exchange index fund (ETF) mainly based on Hong Kong virtual assets.
According to the statement, the MOU will focus on co-issuing ETFs approved by the Hong Kong Securities Regulatory Commission (SFC), including Bitcoin (Bitcoin) and Zetrix coins, as well as other suitable cryptocurrencies.
Hopefully, this is also why the company's stock price has risen sharply; at one point, it reached a high of 91 cents.
Source: Nanyang Siang Pao
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