(Bloomberg) -- Oracle Corp. has announced plans to invest $6. 5 billion in constructing a cloud services center in Malaysia, making it the latest global technology company to enhance AI infrastructure in Southeast Asia. A 7, 000-Year-Old City Emerges as a Haven from Dubai’s Sky-High Rents Gang Violence Is Moving to the Amazon’s Fast-Growing Cities A Housing Crisis Brews in Rwanda’s Capital City New Rowhouses in London That Offer a Bridge to the 19th Century Climate Migrants Stand to Overwhelm World’s Megacities The US firm is set to establish a cloud region in Malaysia, which will comprise a network of data centers designed to provide services to corporate clients, including access to Nvidia Corp. chips that can enhance the development of generative AI, as stated in their announcement. Oracle’s investment is another significant commitment from a major US tech player in Southeast Asia, a region rapidly growing as a hub for cloud services due to its abundant land, supportive government policies, and expanding markets. On Monday, Alphabet Inc. ’s Google revealed its intent to invest $1 billion in constructing data centers in Thailand, following similar initiatives in Malaysia. Meanwhile, Amazon. com Inc.

disclosed a $9 billion investment plan for Singapore in May, and Microsoft Corp. has also indicated intentions to invest around $4 billion in building data centers and other infrastructure in the region. As Oracle aims to broaden its cloud infrastructure operations globally to capture a share of the AI market, it has not detailed timelines or specific plans for the Malaysian facilities. According to Bain & Co. , the global market for AI-related products is projected to reach $990 billion by 2027, driven by the technology's transformative impact on businesses and economies. Most Read from Bloomberg Businessweek The Great €3 Billion Shipping Container Heist Investors Hot on India Shrug Off Adani Short Seller Attack Sports Betting Apps Are Even More Toxic Than You Thought Military Veterans Help Plug Worker Shortages at EV, Battery Plants Sprouting Up in the US The Presidential Election Isn’t Stopping International Students From Coming to America ©2024 Bloomberg L. P.