VCI Global to Develop Next-Generation AI Computing Data Center for the Next Industrial Revolution
11 Juin 2024 - 2:39PM
VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, “VCIG”, or the
“Company”), today announced its strategic plan to build artificial
intelligence (AI) computing data centers, designed to meet the
intense computational demands of AI workloads. This initiative
marks a significant step forward in driving the next industrial
revolution through cutting-edge technology.
The AI computing data center will be equipped
with advanced water-cooled H200 Graphic Processing Units (GPUs) to
support complex computing and big data processing. It will deliver
unparalleled computing power services, including GPU rental and
storage solutions, offering GPU as a service (GPUaaS) for
governments, financial institutions, and businesses. Not only
enhancing computational efficiency, but these sophisticated
facilities also promote sustainable energy use through innovative
cooling technologies.
According to the research conducted by Fortune
Business Insights, the global GPUaaS market is experiencing
exponential growth, with a compound annual growth rate (CAGR) of
35.8% from 2024 to 2032, projected to reach US$49.84 billion by
2032. This growth is fueled by the expanding data center economy
and the escalating demand for cloud computing, high-performance
computing, AI, and machine learning across sectors like banking,
healthcare, and automotive. VCIG’s venture into GPUaaS will provide
organizations with flexible, on-demand access to high-performance
computing resources, optimizing AI-driven projects and fostering
technological innovation.
VCIG plans to build the first AI computing data
center in Malaysia by the first quarter of 2025. Building on this
milestone, the Company aims to expand its footprint with additional
data centers in Europe and the United States by the end of 2025.
Negotiations are already underway with leading technology partners
and GPU suppliers to ensure the successful implementation of these
pioneering projects.
“We are excited to bring these groundbreaking AI
computing data centers to the market and look forward to the
positive impact it will have on our community and beyond. As we
broaden our presence globally, starting with our first AI computing
data center in Malaysia, we are committed to leading the charge in
the rapidly growing GPU as a service market, fostering
technological advancement and economic growth,” said Dato’ Victor
Hoo, Group Executive Chairman and Chief Executive Officer of VCI
Global.
About VCI Global Limited
VCI Global is a diversified holding company.
Through its subsidiaries, it focuses on consulting, fintech, AI,
robotics, cybersecurity, and gamification. Based in Kuala Lumpur,
Malaysia, our main operations are centered in Asia, with
significant visibility across Asia Pacific, the United States,
Europe, and the Middle East. VCIG primarily offers consulting
services in capital markets, real estate, AI, and technology. In
technology businesses, the company operates a proprietary financing
platform that serves companies and individuals, as well as a
secured messaging platform serving governments and organizations.
We also invest, incubate, accelerate, and commercialize businesses
and technologies in AI, robotics, and gamification.
For more information on the Company, please log on
to https://v-capital.co/.
Cautionary Note Regarding Forward-Looking
Statements
This press release contains forward-looking
statements that are subject to various risks and uncertainties.
Such statements include statements regarding the Company’s ability
to grow its business and other statements that are not historical
facts, including statements which may be accompanied by the words
“intends,” “may,” “will,” “plans,” “expects,” “anticipates,”
“projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,”
“potential” or similar words. Actual results could differ
materially from those described in these forward-looking statements
due to certain factors, including without limitation, the Company’s
ability to achieve profitable operations, customer acceptance of
new products, the effects of the spread of Coronavirus (COVID-19)
and future measures taken by authorities in the countries wherein
the Company has supply chain partners, the demand for the Company’s
products and the Company’s customers’ economic condition, the
impact of competitive products and pricing, successfully managing
and, general economic conditions and other risk factors detailed in
the Company’s filings with the United States Securities and
Exchange Commission (SEC). The forward-looking statements contained
in this press release are made as of the date of this press
release, and the Company does not undertake any responsibility to
update the forward-looking statements in this release, except in
accordance with applicable law.
CONTACT INFORMATION:
For media queries, please contact:
VCI Global Limited enquiries@v-capital.co
VCI Global (NASDAQ:VCIG)
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