ByteDance Who Owns Tik Tok plans to invest RM10 billion, make Malaysia an AI hub in the region - Tengku Zafrul
BERNAMA
07/06/2024
ByteDance plans to invest RM10 billion, make Malaysia an AI hub in the region - Tengku Zafrul
Tengku Zafrul (fourth, left) said the matter was informed during his meeting with TikTok Vice President Helena Lersch in Singapore, today. -X @tzafrul_aziz
KUALA LUMPUR: The owner of Tiktok, ByteDance, plans to invest in artificial intelligence (AI) and make Malaysia an AI hub in the region with a proposed investment of about RM10 billion.
Summary of AI
ByteDance investment: TikTok owner, ByteDance, plans to invest in artificial intelligence (AI) and make Malaysia an AI hub in the region with a proposed investment of about RM10 billion.
Data Center in Malaysia: TikTok, through ByteDance System, has developed a data center in Sedenak Tech Park, Kulai, Johor. Considering future needs, the company intends to expand its data center facilities with an additional investment of RM1.5 billion.
Development of Malaysia's Digital Economy: This additional investment from ByteDance is expected to help Malaysia achieve its target of expanding the digital economy to 22.6 percent of Malaysia's Gross Domestic Product (GDP) by 2025.
Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz through a post on the X website (formerly known as Twitter) said the matter was informed during his meeting with TikTok Vice President Helena Lersch in Singapore, today.
So far, Tengku Zafrul said, TikTok through ByteDance System has developed a data center at Sedenak Tech Park, Kulai, Johor.
According to him, taking into account the company's future needs, it also intends to expand its data center facilities with an additional investment of RM1.5 billion.
