Grab, SoftBank and PETROS to Invest $1.85 Billion in Malaysia's AI Infrastructure

04:39 AM EST, 11/10/2026 (MT Newswires) -- Grab (GRAB) and SoftBank, in collaboration with Malaysia's state-owned energy company PETROS are planning to invest a combined $1.85 billion to develop AI infrastructure in the Southeast Asian country, Grab said Tuesday in a statement. The proposed investment, in the form of initial seed capital, is part of a multi-year plan to build AI computing capacity across Sarawak and Peninsular Malaysia, with a long-term target of at least five gigawatts. Japan's SoftBank will contribute $1 billion, while Grab will invest $750 million and PETROS will add $100 million. The investment will be deployed in stages depending on project development milestones, customer contracts and closing conditions. The projects will also be advanced in partnership with global investors and hyperscalers, the company added.