India’s Eros Investments to invest US$1b in AI park, film studio in Malaysia, says Gobind

• The proposed investment is anticipated to feature an AI university and data centre within the park, and could generate 5,000 jobs over the next five years.

KUALA LUMPUR (Aug 29): India’s Eros Investments Ltd, along with its Immerso AI-IP division, is set to invest US$1 billion (RM4.33 billion) to establish an artificial intelligence (AI) park and film studio in Malaysia, according to a statement from Malaysia’s Ministry of Digital on Thursday.

The proposed investment is anticipated to feature an AI university and data centre within the park, and could generate 5,000 jobs over the next five years, the ministry noted.

"I was informed that the Immerso AI Park will encompass an AI university and an AI data centre. It will drive global collaborations to support startups. The AI movie studio and film city hub will enhance talent skills in transmedia and digital productions in Malaysia," said Digital Minister Gobind Singh Deo.

He said the ventures will also identify opportunities to incorporate Malaysian content into the companies’ existing and new intellectual properties (IPs). 

In addition, through a memorandum of understanding between Malaysia Digital Economy Corporation (MDEC) and Nasscom, local talents will be trained in several key areas in the digital sphere, namely generative AI, cybersecurity, software development and next-generation technologies, the statement read.

The ministry noted that investments in the nation’s digital content sector alone surged to RM1.6 billion last year from RM550 million in 2022, via the Malaysia Digital initiative by MDEC.

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