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  1. $4.3 billion

    Malaysian conglomerate YTL's utilities unit will partner with U.S technology giant Nvidia to develop artificial intelligence (AI) infrastructure in the Southeast Asian country, in a $4.3 billion investment deal. The first phase is expected to be operational by mid-2024, YTL Power International said in a statement on Friday.
    finance.yahoo.com/news/1-nvidia-talks-malaysias-ytl-062045559.html
    finance.yahoo.com/news/1-nvidia-talks-malaysias-ytl-062045559.html
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    KUALA LUMPUR, Dec 8 (Reuters) - Malaysian energy utility firm YTL Power International (YTLP.KL) on Friday announced a collaboration with Nvidia Corp (NVDA.O) to build artificial intelligence (AI) infrastructure in Malaysia, with the first phase expected to be operational by mid-2024.
    Malaysian conglomerate YTL's utilities unit will partner with U.S technology giant Nvidia to develop artificial intelligence (AI) infrastructure in the Southeast Asian country, in a $4.3 billion investment deal.
    The group confirmed the deal after markets closed on Friday, when shares climbed 6.6%. The company — which owns Singapore’s YTL PowerSeraya Pte. and water assets in the United Kingdom — will work with Nvidia to build an AI infrastructure that will bring the fastest supercomputers to Malaysia by the middle of 2024.
    Reported by Reuters, the first phase of the project is expected to be operational by mid-2024. The project will be hosted in a data center at YTL's data center park in Kulai, Johor. Here, the companies will develop Malaysia's fastest supercomputers using Nvidia's AI chips.
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