Eros Investments to invest $1 billion in Malaysia, minister says

The upcoming investment, which will feature an AI university and data center within the park, is projected to generate 5,000 new jobs over the next five years, according to a ministry statement.

Reuters

August 29, 2024 / 09:27 IST

The investment, which will feature an AI university and a data center within the park

India's Eros Investments and its Immerso AI-IP unit are expected to invest $1 billion to develop an artificial intelligence park and movie studio in Malaysia, Malaysia's digital ministry said on Thursday.

The investment, which is expected to include an AI university and data centre in the park, has the potential to create 5,000 jobs in the next five years, the ministry said in a statement.

Reuters

first published: Aug 29, 2024 09:27 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347