Southeast Asia Gets a Second AI Cluster
SoftBank, Grab and Petros signed joint development agreements to build capacity in Malaysia.
SoftBank Group and Grab, together with Malaysian energy company Petros, signed joint development agreements to develop AI infrastructure in Malaysia, with SoftBank agreeing in principle to a five-year lock-up on Grab shares it will hold directly. Reported contributions are about $1 billion from SoftBank, $750 million from Grab and $100 million from Petros, for roughly $1.85 billion combined. The arrangement moves regional compute beyond a Singapore-only footprint and creates new localisation pressure for Chinese cloud and outbound service providers.