Oracle announced an investment exceeding $6.5 billion (RM 27.08 billion) to establish its first public cloud region in Malaysia.
The company executes this strategy to expand its artificial intelligence and cloud services capabilities across Southeast Asia. This investment positions Oracle as one of the largest single technology investors in Malaysia.
Oracle's broader transformation focuses on becoming a formidable force in the AI sector. A landmark computing power agreement with OpenAI underscores this pivot, elevating Oracle's profile in the AI infrastructure market.
The market received the company's focus on critical cloud infrastructure for AI workloads positively. This focus resulted in a significant surge in Oracle's share price during Frankfurt trading.