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ByteDance to invest $2.4bn in Malaysia's AI, data centres

Whilst the Chinese internet technology company invests in Malaysia for AI, TikTok faces mounting US government pressure.

By João Marques Lima

Founder and Editor, The Tech Capital

3 Mins

June 11, 2024 | 12:32 PM BST

ByteDance to invest $2.4bn in Malaysia's AI, data centres

Tengku Zafrul, Malaysia's Minister of Investment, Trade & Industry (MITI)

The Tech Capital

ByteDance, the parent corporation behind video-sharing platform TikTok, has unveiled plans to invest US$2.13 billion (RM10 billion) in AI and digital infrastructure to be deployed in Malaysia.

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João Marques Lima

Founder and Editor, The Tech Capital

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