Good news right after Labour's Day!
Today, Microsoft announced it will invest US$2.2 billion (equivalent to RM10.5 billion) over the next 4 years to support Malaysia’s digital transformation – the single largest investment in its 32-year history in the country.
Microsoft’s investment includes:
- building cloud and AI infrastructure in Malaysia
- creating AI skilling opportunities for an additional 200,000 people in Malaysia
- strengthening its partnership with the Government of Malaysia to establish a national AI Centre of Excellence and enhance the nation’s cybersecurity capabilities
- supporting the growth of Malaysia’s developer community
The investment demonstrates Microsoft’s commitment to developing Malaysia as a hub for cloud computing and related advanced technologies, including generative AI. This will support the nation’s productivity, competitiveness, resilience, and economic growth.
Expanding Malaysia’s digital capacity to seize AI opportunities 👀
The digital infrastructure investment builds on Microsoft’s Bersama Malaysia (Together with Malaysia) initiative, announced in April 2021, to support inclusive economic growth. This included plans to establish the company’s first datacenter region in the country.
The investment announced today will enable Microsoft to meet the growing demand for cloud computing services in Malaysia. It will also allow Malaysia to capitalize on the significant economic and productivity opportunities presented by the latest AI technology.
According to research by Kearney, AI could contribute nearly US$1 trillion to Southeast Asia’s gross domestic product (GDP) by 2030, with Malaysia poised to capture US$115 billion of this amount.
 | |
| Microsoft Chairman and CEO Satya Nadella (L) meets with YAB Dato’ Seri Anwar Ibrahim, Prime Minister of Malaysia at Perdana Putra, Putrajaya in Malaysia on May 02, 2024. (Photo by Annice Lyn/Getty Images for Microsoft) |
Partnering with government to strengthen AI and cybersecurity capabilities 💢💪
Microsoft will continue to partner with the Government of Malaysia to enhance the nation’s digital ecosystem through several initiatives. These include establishing a national AI Centre of Excellence in collaboration with agencies in Malaysia’s Ministry of Digital to drive AI adoption across key industries, while ensuring AI governance and regulatory compliance.
- the Ministry of Investment, Trade and Industry (MITI) to better analyze economic trajectories of different negotiating partners in international trade negotiations
- Cradle, an agency under Malaysia’s Ministry of Science, Technology and Innovation, which is leveraging Azure OpenAI Service to develop a virtual information assistant for its MYStartup platform, the ‘Single Window’ to Malaysia’s startup ecosystem, launched at the KL20 Summit recently
- the Malaysia Digital Economy Corporation (MDEC) and the Malaysia Energy Commission, which will adopt Copilot for Microsoft 365 to enhance workplace productivity.
Microsoft will also collaborate with the National Cyber Security Agency of Malaysia (NACSA) through the Perisai Siber (Cyber Shield) initiative to enhance the country’s cybersecurity capabilities. The collaboration will focus on promoting security and resilience in the public sector through security assessments and capacity building.
In addition, Microsoft will look to support NACSA in its role as Malaysia’s lead agency for cybersecurity matters, as it formulates the next stage of the nation’s cybersecurity strategy. The two organizations will also explore deeper collaborations in developing cybersecurity skills through initiatives such as Microsoft’s Ready4AI&Security program.
Empowering developers to harness AI’s potential 👥💫
Microsoft will continue to help foster the growth of Malaysia’s developer community through new initiatives such as AI Odyssey, which is expected to help 2,000 Malaysian developers become AI subject matter experts by learning new skills and earning Microsoft credentials.
Malaysia is a rapidly growing market on GitHub, the Microsoft-owned software development, collaboration, and innovation platform. Almost 680,000 of the nation’s developers used GitHub in 2023, representing 28% year-on-year growth.
Source: Microsoft
💫💫💫💫💫💫💫💫💫💫💫💫💫💫💫💫💫💫💫💫💫💫💫💫
Follow our active FB page via
Follow our Crowdfunding FB page via
Follow our e-wallet FB page via
No comments:
Post a Comment
Finance Malaysia Blog appreciates your comment. Cheers!