China’s ByteDance, the tech giant behind the popular social media app TikTok, plans to make a substantial investment in Malaysia to create an AI hub. They are committing approximately 10 billion Malaysian ringgit, which equates to around 2.9 trillion won.
The initial phase will see ByteDance expanding its data center in Johor, the southern state of Malaysia, injecting 1.5 billion ringgit (about 440 billion won) into this project.… Read the rest