Latest news with #VCIGlobal
Yahoo
3 days ago
- Business
- Yahoo
VCI Global Teases ‘Project QG': Sovereign AI and Encrypted Data Monetization Platform Poised to Reshape the Global AI Infrastructure Landscape
Next-Gen Infrastructure Integrates AI, Encryption, and Blockchain to Power the Future of Data Sovereignty and Institutional Monetization KUALA LUMPUR, Malaysia, May 29, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) ('VCI Global' or the 'Company'), a diversified global holding company, today announced the stealth development of Project QG, a next-generation infrastructure platform designed to enable sovereign AI deployment and unlock a new era of encrypted data monetization for governments and institutions. Now entering the proof-of-concept stage, Project QG fuses AI-driven hardware encryption, zero-trust computing, and blockchain validation to deliver what VCI Global believes could become a foundational layer for the future of AI and data sovereignty. Redefining Data Control and Value Creation in the AI Era A vast majority of institutional and national datasets remain underutilized due to regulatory risks, privacy concerns, and the lack of secure AI infrastructure. According to Grand View Research, the global artificial intelligence (AI) market is projected to exceed US$1.8 trillion by 2030, driven by rapid enterprise adoption and the growth of AI-native infrastructure. The cybersecurity and data protection market is also gaining momentum. Markets and Markets forecasts it to reach approximately US$298.5 billion by 2028. Meanwhile, Deloitte Insights notes that enterprises are increasingly monetizing proprietary data and software assets to generate new revenue streams. Industry analysts describe enterprise and sovereign data monetization as the next frontier in digital value creation, with significant upside expected privacy-first AI infrastructure continues to mature. Project QG: Built for Institutions That Cannot Afford to Compromise Computation on encrypted data, where users only receive insights, not the raw information Blockchain-backed audit trails, securing every transaction in a zero-trust environment Hardware-anchored encryption, with dynamic AI-generated security algorithms Sovereign-grade control, where monetization is entirely optional and policy-driven Governments, regulators, and data-rich enterprises increasingly require sovereign-ready infrastructure to maintain control, comply with data localization laws, and generate value, without relinquishing custody of their information. Project QG is built specifically for this market, positioning VCI Global at the forefront of the convergence between AI, cybersecurity, and sovereign data economics. VCI Global is currently engaging selected institutional stakeholders for early proof-of-concept pilots. The full platform is slated for launch in Q3 2025, with additional technical and strategic details to be revealed in the months ahead. 'We're building a platform for an AI-driven world where data remains protected, sovereign, and monetizable. With Project QG, we aim to solve one of the biggest structural challenges of the digital age, unlock value from sensitive data without ever compromising its integrity or ownership,' said Dato' Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global. About VCI Global Limited VCI Global is a diversified global holding company with a strategic focus on AI & Robotics, Fintech, Cybersecurity, Renewable Energy, and Capital Market Consultancy. With a strong presence in Asia, Europe, and the United States, VCI Global is committed to driving technological innovation, sustainable growth, and financial excellence across multiple industries. For more information on the Company, please log on to Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company's ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words 'intends,' 'may,' 'will,' 'plans,' 'expects,' 'anticipates,' 'projects,' 'predicts,' 'estimates,' 'aims,' 'believes,' 'hopes,' 'potential' or similar words. These forward-looking statements are based only on our current beliefs, expectations, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Therefore, you should not rely on any of these forward-looking statements. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company's ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company's products and the Company's customers' economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company's filings with the United States Securities and Exchange Commission ('SEC'). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law. CONTACT INFORMATION: For media queries, please contact: VCI GLOBAL LIMITEDenquiries@ in to access your portfolio
Associated Press
3 days ago
- Business
- Associated Press
VCI Global Teases ‘Project QG': Sovereign AI and Encrypted Data Monetization Platform Poised to Reshape the Global AI Infrastructure Landscape
KUALA LUMPUR, Malaysia, May 29, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) ('VCI Global' or the 'Company'), a diversified global holding company, today announced the stealth development of Project QG, a next-generation infrastructure platform designed to enable sovereign AI deployment and unlock a new era of encrypted data monetization for governments and institutions. Now entering the proof-of-concept stage, Project QG fuses AI-driven hardware encryption, zero-trust computing, and blockchain validation to deliver what VCI Global believes could become a foundational layer for the future of AI and data sovereignty. Redefining Data Control and Value Creation in the AI Era A vast majority of institutional and national datasets remain underutilized due to regulatory risks, privacy concerns, and the lack of secure AI infrastructure. According to Grand View Research, the global artificial intelligence (AI) market is projected to exceed US$1.8 trillion by 2030, driven by rapid enterprise adoption and the growth of AI-native infrastructure. The cybersecurity and data protection market is also gaining momentum. Markets and Markets forecasts it to reach approximately US$298.5 billion by 2028. Meanwhile, Deloitte Insights notes that enterprises are increasingly monetizing proprietary data and software assets to generate new revenue streams. Industry analysts describe enterprise and sovereign data monetization as the next frontier in digital value creation, with significant upside expected privacy-first AI infrastructure continues to mature. Project QG: Built for Institutions That Cannot Afford to Compromise Governments, regulators, and data-rich enterprises increasingly require sovereign-ready infrastructure to maintain control, comply with data localization laws, and generate value, without relinquishing custody of their information. Project QG is built specifically for this market, positioning VCI Global at the forefront of the convergence between AI, cybersecurity, and sovereign data economics. VCI Global is currently engaging selected institutional stakeholders for early proof-of-concept pilots. The full platform is slated for launch in Q3 2025, with additional technical and strategic details to be revealed in the months ahead. 'We're building a platform for an AI-driven world where data remains protected, sovereign, and monetizable. With Project QG, we aim to solve one of the biggest structural challenges of the digital age, unlock value from sensitive data without ever compromising its integrity or ownership,' said Dato' Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global. About VCI Global Limited VCI Global is a diversified global holding company with a strategic focus on AI & Robotics, Fintech, Cybersecurity, Renewable Energy, and Capital Market Consultancy. With a strong presence in Asia, Europe, and the United States, VCI Global is committed to driving technological innovation, sustainable growth, and financial excellence across multiple industries. For more information on the Company, please log on to Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company's ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words 'intends,' 'may,' 'will,' 'plans,' 'expects,' 'anticipates,' 'projects,' 'predicts,' 'estimates,' 'aims,' 'believes,' 'hopes,' 'potential' or similar words. These forward-looking statements are based only on our current beliefs, expectations, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Therefore, you should not rely on any of these forward-looking statements. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company's ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company's products and the Company's customers' economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company's filings with the United States Securities and Exchange Commission ('SEC'). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law. CONTACT INFORMATION: For media queries, please contact: VCI GLOBAL LIMITED [email protected]
Business Insider
23-05-2025
- Business
- Business Insider
VCI Global files to sell 55.26M ordinary shares for holders
16:47 EDT VCI Global (VCIG) files to sell 55.26M ordinary shares for holders Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Yahoo
22-05-2025
- Business
- Yahoo
VCI Global Revises Equity Agreement with 102% Premium Pricing, Enhancing Strategic Flexibility
Amended Terms with Alumni Capital Reinforce Disciplined Capital Deployment and Long-Term Growth Priorities KUALA LUMPUR, Malaysia, May 22, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) ('VCI Global'), a diversified global holding company with a strategic focus on AI & Robotics, Fintech, Cybersecurity, Renewable Energy, and Capital Market Consultancy, today announced a significant amendment to its equity line agreement with Alumni Capital LP ('Alumni Capital'). The revised terms underscore VCI Global's disciplined capital strategy and reinforce its commitment to long-term shareholder value. Under the revised terms, any future equity issuance to Alumni Capital will be priced at 102% of the lowest trading price over the preceding five trading days, a notable improvement from the previous pricing of 85% of the same reference period. This shift reflects increased institutional confidence in VCI Global's growth trajectory and introduces a more shareholder-aligned capital structure. With these improved terms, the capital agreement now serves as a powerful financial lever, a liquidity reserve that enables the Company to capitalize on strategic acquisitions, accelerate platform initiatives, or respond swiftly to market dynamics. Importantly, the Company retains full discretion over drawdowns, ensuring capital is deployed only when conditions are optimal. VCI Global remains focused on disciplined, high-impact growth and long-term value creation. Key Terms of the Amended Facility Premium-Based Pricing: Future equity tranches will be priced at 102% of the lowest five-day trading price, replacing the previous 85% pricing model. This reduces dilution and strengthens shareholder alignment. Strategic Control: VCI Global retains the right, but not the obligation, to access the approximately US$112 million facility, enabling capital to be utilized only when strategically beneficial. Supports Scalable Growth: The revised terms complement VCI Global's aggressive expansion into AI infrastructure, cybersecurity, and capital markets advisory, while preserving financial flexibility. 'This revised pricing framework demonstrates a strong investor conviction in our long-term trajectory. It ensures that we retain the flexibility to act decisively while significantly minimizing dilution for existing shareholders. With these terms in place, we are better positioned to accelerate execution, protect value, and unlock scalable impact across our verticals,' said Dato' Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global. About VCI Global Limited VCI Global is a diversified global holding company with a strategic focus on AI & Robotics, Fintech, Cybersecurity, Renewable Energy, and Capital Market Consultancy. With a strong presence in Asia, Europe, and the United States, VCI Global is committed to driving technological innovation, sustainable growth, and financial excellence across multiple industries. For more information on the Company, please log on to Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company's ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words 'intends,' 'may,' 'will,' 'plans,' 'expects,' 'anticipates,' 'projects,' 'predicts,' 'estimates,' 'aims,' 'believes,' 'hopes,' 'potential' or similar words. These forward-looking statements are based only on our current beliefs, expectations, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Therefore, you should not rely on any of these forward-looking statements. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company's ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company's products and the Company's customers' economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company's filings with the United States Securities and Exchange Commission ('SEC'). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law. CONTACT INFORMATION: For media queries, please contact: VCI GLOBAL LIMITEDenquiries@ in to access your portfolio
Yahoo
15-05-2025
- Business
- Yahoo
VCI Global's Fintech Arm Advances Toward Full Digital Lending Rollout with Regulatory Approval, Targeting Two-Minute Loan Disbursements
License from KPKT Empowers Credilab to Deliver AI-Powered Microloans and SME Financing Nationwide – Paperless, Instant, and Branchless KUALA LUMPUR, Malaysia, May 15, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) ('VCI Global') today announced that its fintech subsidiary, Credilab Sdn Bhd ('Credilab' or the 'Company') has secured a conditional approval for a digital moneylending license from Malaysia's Ministry of Local Government Development ('KPKT'). This regulatory green light marks a significant milestone in the company's mission to democratize access to fast, AI-driven financing across Southeast Asia. Credilab is spearheading VCI Global's fintech expansion strategy by delivering same-day loans with near-zero non-performing loan (NPL) rates. Its proprietary decision-making engine processes real-time behavioral, transactional, and alternative credit data to score, approve, and disburse loans with exceptional accuracy and speed. With this license, Credilab is authorized to provide fully automated, end-to-end digital loans in Malaysia, including microloans and financing for small and medium-sized enterprises (SMEs), with approvals and disbursements completed in as fast as two minutes. The license also enables VCI Global's fintech platform to operate without the need for physical branches, allowing for nationwide scalability with minimal overhead. Through a fully paperless onboarding process, AI-driven credit scoring, and instant Know Your Customer (KYC) verification, borrowers can now access capital in real time using just a smartphone. This milestone comes on the heels of VCI Global's recently announced 155% year-on-year revenue growth in 2024 across its technology and fintech segments. The Company has also attracted strategic capital investment, including a US$1 million injection from a Dubai-based institutional investor, aimed at accelerating the development and deployment of its digital lending infrastructure. 'This license is more than regulatory approval; it's validation of the technology and vision behind Credilab. We've engineered a platform that can assess, approve, and fund loans in under two minutes, using AI and real-time data. This speed, accuracy, and scalability allow us to serve both consumers and SMEs with unprecedented efficiency,' said Henry Chai, Executive Director of Credilab and Group Chief Technology Officer of VCI Global. According to Astute Analytica, Malaysia's microfinancing market is projected to reach US$11.68 billion by 2032, growing at a compound annual growth rate (CAGR) of 17.5% between 2024 and 2032. This growth is fueled by the region's expanding middle class, rising disposable incomes, and increasing demand for accessible, fast, and affordable credit solutions. In parallel, favorable fiscal policies and government support for fintech innovation, including progressive regulations such as Malaysia's digital lending framework, are creating a fertile environment for sector growth. These dynamics presents a strong opportunity for Credilab to scale its AI-powered digital lending platform and solidify its position within Malaysia's and the region's broader fintech ecosystem. By offering instant, secure and inclusive financial solutions, Credilab is well-positioned to meet the credit needs of underserved consumers and SMEs, driving financial inclusion and enhancing economic resilience. 'Credilab's digital lending license marks a major inflection point in VCI Global's fintech growth journey, it unlocks true fintech velocity. This milestone reinforces our commitment to building AI-first financial infrastructure that meets the evolving credit needs of the region. With this approval, we're not just accelerating loan delivery; we're advancing financial inclusion and opening new pathways for scalable, technology-driven impact in Malaysia,' said Dato' Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global. About Credilab Sdn Bhd Credilab is a proprietary fintech platform designed to streamline the digital lending process, from online applications and credit scoring to Know Your Customer (KYC) verification and disbursement. It offers customized financial analytics, strengthens regulatory compliance, and ensures secure payment processing. Focused on financial inclusion, Credilab provides accessible micro-financing solutions to underserved individuals, bridging the credit gap with advanced technology and user-centric design. Key features of Credilab include: Instant Cash Loans with minimal documentation Short Processing Times for fast disbursements Flexible and Convenient Repayment Options For more information, please log on to About VCI Global Limited VCI Global is a diversified global holding company with a strategic focus on AI & Robotics, Fintech, Cybersecurity, Renewable Energy, and Capital Market Consultancy. With a strong presence in Asia, Europe, and the United States, VCI Global is committed to driving technological innovation, sustainable growth, and financial excellence across multiple industries. For more information on the Company, please log on to Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company's ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words 'intends,' 'may,' 'will,' 'plans,' 'expects,' 'anticipates,' 'projects,' 'predicts,' 'estimates,' 'aims,' 'believes,' 'hopes,' 'potential' or similar words. These forward-looking statements are based only on our current beliefs, expectations, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Therefore, you should not rely on any of these forward-looking statements. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company's ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company's products and the Company's customers' economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company's filings with the United States Securities and Exchange Commission ('SEC'). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law. CONTACT INFORMATION: For media queries, please contact: VCI GLOBAL LIMITEDenquiries@
