SoftBank and Grab Invest $1.85 Billion in Malaysia AI

SoftBank Group and Grab signed joint development agreements to invest $1.85 billion in initial seed capital for artificial intelligence infrastructure in Malaysia. The initiative aims to establish at least five gigawatts of computing capacity to serve Southeast Asian and global markets, aligning with the National AI Action Plan 2026–2030.

The funding consists of $1 billion from SoftBank, $750 million from Grab, and $100 million from Petroleum Sarawak Berhad. The investment is split between two primary sites: a $1 billion project in Sarawak, where SoftBank serves as the majority shareholder, and an $850 million project in Peninsular Malaysia, led by Grab as the founding shareholder.

Anthony Tan, the co-founder and CEO of Grab, will oversee both projects. The agreements are currently subject to definitive contracts and regulatory approvals.