News · Yahoo Finance

Google Just Made a $15 Billion Bet on Southeast Asia

Alphabet said it will invest $15 billion in Malaysia over two years to expand its data-center infrastructure amid rising computing demand. The project includes additional campuses in Selangor and Negeri Sembilan, due for completion in 2027 and 2028, complementing its first Malaysian campus at Elmina Business Park in Selangor, which is already operating. Ruth Porat, Alphabet's President and Chief Investment Officer, said the expansion will boost computing capacity and support local electricity and water supplies. Google also unveiled four projects to teach digital skills to 800,000 Malaysians over the next five years. The article notes the investment adds to Alphabet's large capital needs, and that the company gave no revenue forecast or projected financial return for the Malaysian projects.

Summary written by Upside AI from the original article. Read the source for full details.

Read the original on Yahoo Finance ↗

Keywords

GOOGLdata centersAI investmentMalaysiaSoutheast Asia

Open a keyword to see other news on the same topic.

Related tickers and likely impact

GOOGL

▲ Likely positive

Alphabet Inc. (Class A)

Relevance: medium

MarketUS stocks
SectorCommunication Services
IndustryInteractive Media & Services
Market cap$3.5T
Close on 11/03/2026279.91
Change that session+0.33%
GOOGL price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

Related news

  • Google unveils $15 bn data centre investment in Malaysia

    Google plans to invest $15 billion in Malaysia over 2027 and 2028 to build data centres and other infrastructure, expanding on a $2 billion investment announced in 2024. The company pledged that its Malaysian campuses will be energy-efficient, bolster local water security, add more than one gigawatt of clean energy capacity to the national grid, and sustain more than 9,000 local jobs per year. Malaysia accounts for more than half of under-construction data centre capacity in Southeast Asia, according to DC Byte, but the deputy prime minister told parliament in July that data centres could take up one-third of the country's total energy consumption by 2035. In October, a Finnish authority ordered work halted at two of Google's data centre sites in the country until mandatory environmental impact assessments are completed.

    Yahoo Finance·▲ GOOGLdata centersGOOGLAI investment
  • Google to Spend $15 Billion in Malaysia Data Center Expansion

    Google plans to spend $15 billion to expand data center and cloud operations in Malaysia as AI demand boosts the need for digital infrastructure. The investment, set for 2027 and 2028, will fund new computing hubs, local water security, power generation and training of Malaysian residents. Construction over the next two years is expected to add $1.1 billion to Malaysia's economy and support more than 37,000 local jobs per year, while the operating data centers are expected to sustain more than 9,000 local jobs a year. Malaysia, Southeast Asia's main data center hub, is attractive for its relatively low cost, reliable infrastructure and proximity to Singapore, and already hosts firms such as Oracle, Amazon, Alibaba and ByteDance. Earlier, Google announced $160 million for shared water infrastructure in Negeri Sembilan.

    Yahoo Finance·▲ GOOGLGOOGLdata centerscloud computing
  • SoftBank reportedly plans $50 billion tech investment in aspiring 'AI nation' Malaysia

    Malaysian Prime Minister Anwar Ibrahim said, citing a Bloomberg report, that SoftBank Group plans $50 billion of investments in Malaysia focused on artificial intelligence, new technologies and data centers. Anwar said Son identified locations in Kuching, Sarawak and peninsular Malaysia after a video conference, as the country aims to become an 'AI nation' by 2030 under a national AI action plan launched earlier this year. Earlier this month SoftBank signed a framework agreement with Grab and Petroleum Sarawak Berhad to explore AI and digital infrastructure in Sarawak. Other tech companies are also investing: Google announced $2 billion in 2024, Amazon Web Services plans $6.2 billion through 2038 and Microsoft $2.2 billion in cloud and AI infrastructure. The Malaysian Investment Development Authority recorded 385.7 billion ringgit ($94 billion) in data center-related investments between 2021 and the first half of 2026, and SoftBank had not responded to CNBC's request for comment.

    CNBC·▲ NVDAartificial intelligenceAI investmentdata centers
  • Malaysia economy grows 5.3% year-on-year in Q3: Advance estimate

    Malaysia's economy grew 5.3% year-on-year in the third quarter, slowing from 6% in the second quarter, according to advance estimates from the statistics department. Services rose 5.4%, manufacturing gained 7.5% on export-oriented industries and construction grew 6%, partly supported by data centre projects, while mining and quarrying fell 4.9%. Malaysia, a regional data centre hub, has benefited from the global AI infrastructure boom that has boosted demand for its tech products and semiconductors. The government raised its 2026 growth forecast for the second time this year to near the upper end of its 4.8% to 5.3% range, and the central bank has held its policy rate at 2.75% since May last year. Final third-quarter GDP data will be released on November 18.

    channelnewsasia.com·MalaysiaGDP growthsemiconductors
  • Top VC Warns: “Depreciation Is Going to Start Hitting” Microsoft, Google and Meta. Here’s Where Things Get Ugly

    Big Tech lost nearly $900 billion in market value last week after another jump in AI spending. Alphabet fell 13% after reporting negative free cash flow of $9.1 billion in the third quarter, while Meta spent $34.9 billion on capex against $32.8 billion of operating cash flow. Scale Venture Partners' Rory O’Driscoll expects depreciation from roughly $500 billion of spending this year to start hitting earnings in 2027. Meta is already feeling it: its depreciation rose 44% in the third quarter, and its operating margin before a $9.89 billion legal charge fell about 5 points from a year earlier. Microsoft and Alphabet can offset this with cloud growth, such as Google Cloud revenue jumping 103%, but Meta has no cloud business to rent out its new capacity.

    Yahoo Finance·▼ GOOGL▼ META▼ MSFTAI investmentdata centerscloud computing
  • Anthropic targets doubling computing capacity to 7 gigawatts next year, NYT report

    According to the New York Times, Anthropic expects more than 3.5 gigawatts of computing capacity by the end of this year and aims to double that next year, enough electricity to power all the homes in Chicago. The company has accumulated $895.4 billion in commitments for data centers, chips and computing power through 2045, per its updated IPO prospectus, with nearly $70 billion expected to take effect over the next 12 months. It sources computing power from neoclouds Fluidstack, Lambda and Nscale and has major agreements with Google ($121.3 billion), Amazon ($110 billion), Microsoft ($44.9 billion) and SpaceX ($120.5 billion). The company is also taking a more hands-on role in infrastructure, hiring construction and supply-chain specialists and buying equipment such as cooling systems. The article notes that access to electricity and computing infrastructure is becoming a critical competitive advantage, while raising questions about returns on increasingly expensive capacity commitments.

    Yahoo Finance·▲ NVDA▲ GOOGLAnthropicdata centersAI investment

Related markets

US stocks →

Latest news

  • AMD earnings analysis: questions answered and next catalysts

    AMD reported FQ3 2026 on November 3, with revenue of $13.38 billion against a $13.06 billion estimate and EPS of $2.09 against $1.94. Data Center revenue rose 97% to a record $8.5 billion, or 64% of sales, and Q4 revenue is guided to about $17.0 billion, up 66% year over year. Client & Gaming fell 8% to $3.7 billion, while the timing of dilution from OpenAI and Meta warrants remains unclear. The stock fell 15.8% over the past week and sits well below its 52-week high of $658.52.

    Yahoo Finance·AMDearningsdata centers
  • Elon Musk’s Tesla and SpaceX Stocks Fall After Democrats Sweep Elections, Senator Warns of ‘Subpoenas’

    Shares of Elon Musk’s Tesla and SpaceX fell after Democrats swept the 2026 midterm elections on Tuesday, November 3. According to The New York Times, when markets opened on Wednesday, November 4, Tesla dropped more than 5% and SpaceX more than 7%, before recovering some of those losses.

    Yahoo Finance·▼ TSLATSLAElon MuskSpaceX
  • What Is x402? How AI Agents Pay With Crypto

    x402 is an open payment standard from Coinbase that uses the long-unused HTTP 402 “Payment Required” code so AI agents and apps can pay for online services. Payments are mostly made in USDC on Base through facilitators, and buyers sign an authorization rather than create accounts or API keys. More than 50 companies, including Visa, Mastercard and Google, have joined the x402 Foundation, which now governs the protocol under the Linux Foundation. According to Fireblocks, x402 had processed more than 196 million transactions across 12 chains as of November 1, 2026, settling over $42 million, though more than half of lifetime transactions came from a two-month burst in late 2025 linked to the PING token.

    Decrypt·cryptostablecoinsartificial intelligence
  • Why Bill Ackman Says He Feels Like “Markets Are Broken” Casinos

    On November 3, 2026, Bill Ackman told television that he feels markets are “broken” and resemble casino-type markets with 95% leverage, a figure he presented as his own claim, while arguing the disorder is good for his firm over the long term. He criticized leveraged short-term funds and perpetual futures on individual stocks, which he said contribute to large price moves. Pershing Square's third-quarter letter, dated November 2, blamed volatility on a reduced float from indexation. Ackman is most bullish on Visa, Mastercard and Netflix, and Netflix closed at $63.42, near its $61.39 low. PS's third-quarter revenue of $56.604 million missed the $75.474 million estimate, with no performance fees.

    Yahoo Finance·Bill AckmanleverageNetflix
  • TeraWulf Falls 4% Despite Google Backstop for $19 Billion Anthropic Leases; Cipher Digital Plunges 18%, IREN Tumbles 9%

    TeraWulf (NASDAQ:WULF) fell 4% to $12.04 even though it disclosed on November 4 that Google, an Alphabet unit, guarantees Anthropic's leases at its Kentucky campus. The 20-year leases cover about 401 megawatts across three buildings, with contracted commitments of about $19 billion, but the guarantee takes effect only once each lease's last data hall reaches commencement, with phased delivery from late 2027 through Q2 2028. Construction-period risk remains with TeraWulf and its lenders. Cipher Digital (NASDAQ:CIFR) dropped 18% and IREN (NASDAQ:IREN) fell 9% amid broader worries about funding AI data center builds, while TeraWulf's Q3 2026 report is scheduled for November 6.

    Yahoo Finance·TeraWulfAI investmentdata centers
  • AMD's AI Data Center Guarantees Reach $8.5 Billion as It Challenges Nvidia

    Advanced Micro Devices Inc. (NASDAQ:AMD) is taking on billions of dollars in potential financial obligations to help customers build AI data centers as it intensifies its challenge to Nvidia Corp. (NASDAQ:NVDA). Its lease guarantees jumped 88% in a short period.

    Yahoo Finance·▼ NVDANVDAAMDdata centers

All news →

Get the briefing on Telegram or Zalo

Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.