US Oracle to invest $6.5b in Malaysian cloud infrastructure
Oracle, a US-based technology company, announced on Wednesday plans to invest over $6.5 billion to open a new public cloud region in Malaysia. The move aims to meet the surging demand for artificial intelligence (AI) and cloud services in the country.
The upcoming cloud region will empower Malaysian customers and partners to harness AI infrastructure and services, as well as migrate mission-critical workloads to Oracle Cloud Infrastructure (OCI).
The planned public cloud region will enable organisations in Malaysia to modernise their applications, seamlessly migrate all types of workloads to the cloud, and innovate with data, analytics, and AI.
Customers will gain access to OCI Generative AI Agents with retrieval-augmented generation (RAG) capabilities, accelerated computing and generative AI services to ensure sovereign AI models remain within the country’s borders, and OCI Supercluster, the largest AI supercomputer in the cloud.
Furthermore, the cloud region will offer a comprehensive suite of over 150 services, including Oracle Autonomous Database, HeatWave MySQL Database Service, Oracle Cloud VMware Solution, and OCI Kubernetes Engine.
“This investment will empower Malaysian entities, especially small and medium-sized enterprises, with innovative and cutting-edge AI and cloud technologies to enhance their global competitiveness. It is also a significant step towards realising the country’s New Industrial Master Plan’s ambitious vision of creating 3,000 smart factories by 2030.” said Malaysian Minister of Investment, Trade, and Industry (MITI), Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz.
For his part, Franco Chiam, vice president for cloud, data center and future digital infrastructure in Asia Pacific at IDC
According to IDC FutureScape – The Infrastructure and Cloud Impact 2024 Predictions – Malaysia’s public cloud services market is expected to grow by 27.2 percent CAGR from 2022 to 2027.
Attribution: Oracle statement
Subediting: Y.Yasser
