SoftBank Group, Grab, and Petros sign joint development agreement for AI infrastructure in Malaysia

SoftBank Group, Grab, and Sarawak state energy firm PETROS signed a joint development agreement to build AI infrastructure in Malaysia's Sarawak state, with an initial investment plan of $1 billion and a long-term target of 5GW of AI computing capacity. The deal advances an October 8 framework agreement signed in Kuching to explore an AI and digital infrastructure platform in Sarawak and establish a phased development roadmap. PETROS disclosed the agreement and initial funding plan in a joint press release. The partnership matters as one of Southeast Asia's larger AI infrastructure commitments, pairing a Japanese technology investor, a regional superapp, and a state-owned energy company. What to watch next is how the $1 billion is deployed across phases and how the partners progress toward the 5GW capacity goal.