Microsoft’s US$2.2 Billion Investment into Malaysia –Includes homegrown agri-tech company Agroz
Kuala Lumpur, 2nd May 2024 – In a groundbreaking move aimed at catapulting Malaysia into the forefront of digital innovation, Microsoft has announced a monumental US$2.2 billion (Approximately MYR 10.49 bil) investment over the next four years. The investment is aimed at fostering Malaysia’s growth as a hub for cloud computing and advanced technologies like generative AI.
The investment is going to be a huge plus to develop the following areas:
- Building Infrastructure: Microsoft will develop its datacentre, cloud and AI infrastructure within Malaysia.
- AI Skilling: The tech giant plans to provide AI skilling opportunities for an additional 200,000 individuals in Malaysia.
- Establishing a National AI Centre of Excellence: Collaborating with the Malaysian government, Microsoft seeks to establish a national AI Centre of Excellence and enhance the nation’s cybersecurity capabilities.
- Developer Community Support: The investment will also bolster the growth of Malaysia’s developer community.
Nestled within this expansion initiative for AI and cloud computing is a strategic partnership with Agroz, a pioneering agriculture tech company in Malaysia.
The investment package, the largest in Microsoft’s 32-year history in Malaysia, is set to revolutionize the nation’s technological landscape. At the heart of this endeavour lies Agroz, a beacon of innovation in the agricultural sector.
Agroz, renowned for its controlled environment indoor vertical farms, stands as a testament to Malaysia’s potential for technological advancement. By harnessing Azure OpenAI Service, Agroz has developed the Agroz Copilot for Farmers, a groundbreaking tool that revolutionizes farming practices so farmers will be able to get better results year round for their crops.
This collaboration underscores Microsoft’s commitment to fostering homegrown talent and innovation in Malaysia. By partnering with Agroz, Microsoft is not only investing in cutting-edge technology but also empowering local businesses to thrive in the digital age.
The strategic collaboration between Microsoft and Malaysia marks a pivotal moment in Malaysia’s digital transformation journey. As Microsoft embarks on this ambitious venture, Agroz stands as a shining example of Malaysian ingenuity and resilience.
For the full article and more information on Microsoft’s latest investment into Malaysia, click here.
Get a Consultation
Your corporate finance success gateway
Leverage our expertise to expand yourcorporate financial pathway
HWG Capital’s comprehensive corporate finance solutions enables companies to fund growth, raise capital, and deliver financing options through effective financial options available to corporate clients
Address
HWG CAPITAL, 35, Jln Maharajalela, Kampung Attap, 50460 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia.