SoftBank Group to Invest US$800M in US$1B Sarawak AI Seed Plan
SoftBank Group, Grab and Petroleum Sarawak Berhad announced in a joint release on November 9, 2026 that they had signed a Joint Development Agreement covering plans for US$1 billion (approximately RM4.07 billion) in initial combined seed capital to develop artificial intelligence infrastructure in Sarawak, Malaysia. The proposed contributions comprise US$800 million from SoftBank Group and US$100 million each from Grab and PETROS. Under the announced structure, SoftBank Group is to lead and…