🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

DNeX, Google Cloud sign multi-year deal to provide sovereign cloud services in Malaysia

Published 09/30/2024, 05:37 AM
Updated 09/30/2024, 05:40 AM
© Reuters. A person looks at their phone in front of the Google Cloud logo, at the 2024 Mobile World Congress (MWC) in Barcelona, Spain February 27, 2024. REUTERS/Albert Gea/File Photo
GOOGL
-

KUALA LUMPUR (Reuters) - Malaysian technology firm Dagang NeXchange Berhad (DNeX) and Google Cloud on Monday announced a multi-year deal to provide sovereign cloud services in the country. 

The announcement comes as the Alphabet (NASDAQ:GOOGL) unit expands its footprint in the Southeast Asian country. Google said in May it would invest $2 billion to develop its first data centre and Google Cloud region in Malaysia.  

The partnership was aimed at addressing demand for cloud solutions that meet strict data residency, security, and privacy requirements, particularly within regulated industries like public services, financial services, healthcare, and energy, the firms said in a joint statement.

Under the agreement, DNeX would be authorised to operate Google Distributed Cloud, which provides "air-gapped" solutions for Malaysian organisations - meaning it can operate without connection to the Internet or a Google Cloud region, they said. The firms did not specify a value or timeframe for the deal.    

© Reuters. A person looks at their phone in front of the Google Cloud logo, at the 2024 Mobile World Congress (MWC) in Barcelona, Spain February 27, 2024. REUTERS/Albert Gea/File Photo

"Google Cloud and DNeX will empower organizations with the state-of-the-art distributed cloud infrastructure, developer tools, and AI services they need to drive digital transformation on their own terms," Vice President of Google Cloud Asia Pacific Karan Bajwa said in the statement. 

DNeX and Google Cloud were also exploring the creation of an AI centre of excellence, a hub for nurturing local talent in artificial intelligence, the firms said. 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.