Tech giant Nvidia has signed a $4.3 billion deal with Malaysian company YTL to develop artificial intelligence infrastructure. YTL Power International announced on Friday that the first phase of the project will start in mid-2024.
According to Hoshio, Nvidia and YTL are negotiating to participate in the development of artificial intelligence infrastructure, including supercomputers and cloud computing. This project is going to be implemented in the state of South Johor in Malaysia.
According to the terms of this agreement, both companies will cooperate to build the fastest supercomputers using Nvidia AI and YTL Power International chips and with the help of Nvidia's intelligent cloud computing platform, with the aim of building a large language model. In the announcement published by YTL company, it is stated that the new project will be hosted in the data center park of this company. YTL's data park is located in the state of Johor and is known as a facility with 500 megawatts of power. YTL Communications was the first provider of 4G and 5G services in Malaysia and is considered one of the pioneers of technology in this country.
Analysis suggests that this partnership could boost Southeast Asia's artificial intelligence ecosystem and Malaysia's ambitions as a semiconductor powerhouse. It should be mentioned that this country has taken great steps in the development of artificial intelligence in recent years. Multi-billion dollar investments of companies residing in this country in global projects are a proof of this claim.
“Malaysia is an important center for computing infrastructure in Southeast Asia that requires access to facilities and power, and YTL can play an important role in this field,” Nvidia CEO Jensen Huang told reporters on Friday without directly confirming the deal. “
Following this news, Anwar Ibrahim, the current prime minister of Malaysia, announced in a tweet on Platform X that the collaboration between Nvidia and YTL includes a huge investment worth 20 billion ringgit, equivalent to 4.29 billion dollars. After meeting with Huang and CEO of YTL Power, Yeo Suk Hong, he said, “The decision to invest in Malaysia is a clear signal that foreign investors, especially technology giants, feel it, and this makes this country the main destination of choice in The region has transformed.”
Zaafar Aziz, the Minister of International Trade and Industry of this country, also said: “We welcome partnerships like the collaboration between YTL and Nvidia. These collaborations are exactly of the type targeted in our new comprehensive industrial plan.”
On Friday, YTL announced its partnership with the tech giant, Nvidia. This cooperation is supposed to be done with the aim of developing artificial intelligence infrastructure and using the unique technologies of both companies. The first phase of the joint project between Nvidia and YTL will start in mid-2024, and the YTL data park, located in the state of Johor, Malaysia, is responsible for hosting it. Following this news, the authorities of Malaysia expressed their satisfaction with this cooperation and expressed their permanent welcome to similar strategic projects.
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