IT Home reported on November 10, 2026, that SoftBank signed a cooperation agreement the previous day, local time, with Southeast Asian mobility platform Grab. The companies will work with Sarawak Petroleum (PETROS) to develop artificial intelligence infrastructure in Sarawak and on Peninsular Malaysia.
Seed-round plans call for $1 billion and $750 million to be invested respectively in the two projects by SoftBank and Grab, with PETROS contributing $100 million. The parties will seek other investors and hyperscale data-center customers to support development and expansion of the multi-year projects, which have a total designed scale exceeding 5 GW.
Grab co-founder and CEO Anthony Tan is expected to lead development of both projects and appoint a dedicated management team for day-to-day operations. SoftBank has agreed in principle to a five-year lock-up on the Grab shares it holds.