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Digital economy attracts up to 70% of Malaysia's approved investments

Nearly 70% of Malaysia’s approved investments worth 225 billion RM (47 billion USD) are in the digital economy, said Malaysian Minister of Investment, Trade and Industry Zafrul Abdul Aziz.
Digital economy attracts up to 70% of Malaysia's approved investments ảnh 1Malaysian Minister of Investment, Trade and Industry Zafrul Abdul Aziz (Photo: thestar.com.my)

Kuala Lumpur (VNA) – Nearly 70% of Malaysia’sapproved investments worth 225 billion RM (47 billion USD) are in the digital economy,said Malaysian Minister of Investment, Trade and Industry ZafrulAbdul Aziz.

In a recent interview with US-based Cable News Network (CNN), heexplained that Malaysia has what it takes to power artificial intelligence (AI)and bring the whole ecosystem into the country.

He said Malaysia has AI factories, that is what they call itnow, instead of data centres, and representatives from Nvidia Corporation, aUS-based multinational technology company, visited the factories and announcedits keen interest to venture into Malaysia with other companies to support theadvancement of AI.

Zafrul said there are concerns about AI in general on theimpact on society, however, it cannot be denied that AI will bring the betterquality of life by enabling all sorts of professions to do their work moreefficiently.

Jobs of the future may be very different given the advancementin technology, especially generative AI.

He emphasised that to get ready for the AI ecosystem, it’snecessary to ensure re-skilling and upskilling (of employees) to prepare forthe new jobs of the future.

Last December, Nvidia expressed its willingness to supportMalaysia’s aspiration of being among the top 20 countries in AI technology andhas agreed to help develop the country’s AI ecosystem in terms of building acentre of excellence to facilitate AI learning and research, including creatingMalaysia’s own AI cloud computing system./.

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