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YTL Creates One of the World’s Most Advanced Supercomputers, Powered by NVIDIA Grace Blackwell-based DGX Cloud
The YTL AI Supercomputer, one of the first of its kind in the world, represents a milestone in YTL’s strategic expansion to develop a cloud-based platform for cutting-edge computing power in Malaysia.
YTL Power International Managing Director, Dato’ Seri Yeoh Seok Hong said, “We are proud to be working with NVIDIA and the Malaysian government to bring powerful AI cloud computing to Malaysia. We are excited to bring this supercomputing power to the Asia Pacific region, which has been home to many of the fastest-growing cloud regions and many of the most innovative users of AI in the world.”
“This powerful AI Cloud will create high-value, high-income jobs for Malaysians, marking a significant step forward in our mission to become a leading AI and Data Centre hub in the region,” said Investment, Trade and Industry Minister, Tengku Datuk Seri Zafrul Abdul Aziz.
The FBMKLCI started the week with a downtrend before making a soft rebound, therefore ending the week with a marginal decline and having the lowest contraction among its regional peers. The Utilities and Energy sectors led sectoral growth. Institutional investors accumulated utility stocks, while energy stocks benefited from higher crude oil prices. More insights at https://tinyurl.com/44j82383
Hong Leong Investment Bank (HLIB) research in a note today said YTL Corporation Bhd's share price is undervalued at around RM2.71 a share currently, tagging a fair value for RM3.33 a share to the company.
Thursday, 09 May 20246:30 PM MYT
PETALING JAYA: A total allocation of RM180 billion in the construction sector for government and private sector projects will be up for grabs this year, according to Deputy Works Minister Datuk Seri Ahmad Maslan.
He said the allocation approved for the Federal Government’s development expenditure in Budget 2024 makes up RM90 billion while the rest comes from the private sector.
"In the middle of this year, many tenders and letters of acceptance will be given out.
