Oracle to invest $6.5bn in AI and cloud computing in Malaysia | FinanceAsia
As demand for artificial intelligence ( AI ) and cloud services rises, Oracle has made plans to invest more than$ 6.5 billion to establish a public cloud region in Malsyais. The upcoming cloud region, Oracle’s twelfth in Asia Pacific ( Apac ) will enable Oracle customers and partners in Malaysia to leverage AI infrastructure and services and migrate mission-critical workloads to Oracle Cloud Infrastructure , ( OCI).
The planned public cloud location may enable Malaysian firms modernise their applications, travel all load to the fog, and develop with data, analytics, and AI, according to a company media release.  ,
Customers will have access to OCI Generative AI Agents , with retrieval-augmented generation (RAG ) capabilities, accelerated computing and generative AI services to help keep sovereign AI models within country borders, and the OCI Supercluster, a large AI supercomputer , in the cloud, the release said. In addition, over1 50 additional services may be made accessible.
” We warmly welcome Oracle’s$ 6.5 billion investment in Malaysia, which represents yet another expansion of their 36-year footprint in Malaysia”, said YB senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, minister of investment, trade and industry ( MITI), Malaysia.
The minister added:” This funding will enable Indonesian institutions, particularly small and medium-sized enterprises, with modern and cutting-edge AI and sky technologies to enhance their worldwide competitiveness. It also represents a major step in the direction of the optimistic 3 000 intelligent factory goal of the New Industrial Master Plan by 2030. The establishment of a common cloud area in Malaysia by Oracle highlights Malaysia’s facilities readiness and its growing reputation as a top South Asian destination for online investments.
” Malaysia offers special growth prospects for companies looking to accelerate their growth with the latest electronic systems”, said Garrett Ilg, executive vice president and general director, Japan &, Asia Pacific, Oracle.  ,
Growing desire
The move by Oracle comes amid growing demand for AI and data centres in Asia Pacific ( Apac ), with Blackstone’s$ 24 billion recent deal for Sydney-headquartered AirTrunk one such example.  ,
” Rapidly growing need for AI services prompts calls for more data centres that keep large amounts of data and computing power to teach and build AI models”, said Franco Chiam, vice president, fog, data center and future electric infrastructure, Apac, IDC.
Chiam added:” According to IDC FutureScape’ The Network and Cloud Impact 2024 Predictions’, Malaysia’s public cloud services market is expected to grow by 27.2 % Growth from 2022 to 2027. The future Oracle sky location in Malaysia, so, signals the country’s ability to become a gateway for technical innovation and growth in Southeast Asia”.
Some Nvidia AI equipment companies will be available to clients via Oracle, including Nvidia AI Enterprise, Nvidia Omniverse, and Nvidia DGX Cloud.
Dennis Ang, senior director, enterprise business, ( Asean and ANZ region ), Nvidia, said:” With the new Oracle Cloud Malaysia Region, customers in Malaysia will gain local access to Nvidia’s accelerated, secure, and scalable platform for end-to-end AI development and deployment on OCI, helping accelerate the development of generative AI applications”.
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