SoftBank Group and Grab sign agreements to develop AI infrastructure in Malaysia
GRAB•SoftBank Group and Grab signed joint development agreements for AI infrastructure in Malaysia. SoftBank will invest US$1 billion, Grab US$750 million and PETROS US$100 million; projects target five gigawatts of AI compute capacity, and SoftBank agreed to a five-year lock-up on Grab shares held directly by an entity within SoftBank.
1. Investment and capacity
SoftBank Group and Grab signed joint development agreements to develop AI infrastructure in Malaysia. The companies said SoftBank will invest US$1 billion, Grab US$750 million and PETROS US$100 million in AI, while projects target five gigawatts of AI compute capacity with global investors and hyperscalers.
2. Share lock-up
SoftBank Group agreed to a five-year lock-up on Grab shares held directly by an entity within SoftBank.
