Latest news with #VCIGlobalLimited
Associated Press
7 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]
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
08-02-2025
- Business
- Yahoo
VCI Global Limited (VCIG): Among the Game-Changing Stocks for AI Revolution
We recently compiled a list of the . In this article, we are going to take a look at where VCI Global Limited (NASDAQ:VCIG) stands against the other stocks. Artificial intelligence that is smarter than humans could be more dangerous than helpful. That's the sentiment echoed by some of the world's most prominent AI scientists. Max Tegmark, a professor at the Massachusetts Institute of Technology and Yoshua Bengio, "godfather of AI" and a professor at the Université de Montréal, have raised concerns about the proliferation of AI agents without guardrails. According to Bengio, there is a greater risk in developing artificial intelligence agents without safeguards or knowing how they will behave. 'Do we want to be in competition with entities that are smarter than us? It's not a very reassuring gamble, right? So we have to understand how self-preservation can emerge as a goal in AI,' Bengio said in a podcast on CNBC. Tegmark believes there is a need for safety standards to govern how AI tools operate. The ultimate goal is to have powerful AI agents or tools that are simultaneously under human control. "I think, on an optimistic note here, we can have almost everything that we're excited about with AI ... if we simply insist on having some basic safety standards before people can sell powerful AI systems," Tegmark said. In 2023, Tegmark's Future of Life Institute recommended halting the creation of AI systems that could rival humans in intelligence. Although that hasn't happened, Tegmark stated that the topic is being discussed and that it's time to act to determine how to implement safeguards to regulate AGI. Sentiments by the two AI scientists come on the heels of US President Donald Trump repealing former President Joe Biden's guardrails that sought to govern the development of artificial intelligence. One key provision under the previous order was the requirement that tech companies develop the most advanced AI models and share details about their work with the government before releasing them to the public. While tech giants had welcomed the AI safety measure, there was disquiet among some big players insisting that the order, which invoked the Defense Production Act, had the potential to derail the nascent industry. Venture capitalist Marc Andreessen had already warned before Trump came to office that the Biden order would deliberately affect AI development given the onerous regulations in play. Trump had always been vocal against the AI safety measure, reiterating during the campaigns that it hindered innovation and imposed radical leftwing ideas on technology development. However, free speech was not restricted by the Biden order itself. Certain provisions of the Biden AI measure sought standards for watermarking AI-generated content in an effort to lessen the risks of impersonation and abusive sexual deepfake imagery. Several federal agencies were also instructed to protect against the possible negative effects of AI applications, cautioning against careless applications that reproduced and intensified existing inequities. For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here). A scientist at a computer station, surrounded by a neural network of artificial intelligence Global Limited (NASDAQ:VCIG) is a leading provider of AI-driven enterprise solutions. It offers technology consultancy services and solutions, such as digital development, fintech solutions, and software solutions. On February 5th, it unveiled a next-generation AI aggregator platform. The platform is designed to enhance AI integration while providing seamless access to major AI models such as ChatGPT and DeepSeek. The unveiling of the next-generation AI aggregator platform is part of VCI Global Limited's (NASDAQ:VCIG) effort to tap into the global AI platform market, growing at a 20% compound annual growth rate. It positions the company to tap into the rising demand for AI solutions as businesses look to enhance efficiency and operations around AI. The company works with AI developers, enterprises, and industry experts to ensure the platform offers businesses, developers, and technology providers the most value possible. Overall VCIG ranks 8th on our list of the game-changing stocks for AI revolution. While we acknowledge the potential of VCIG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than VCIG but that trades at less than 5 times its earnings, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap. Disclosure: None. This article was originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
27-01-2025
- Business
- Yahoo
VCI Global Acquires Cutting-Edge NVIDIA H200 AI Chips Via Supermicro to Supercharge AI Cloud Business
The Company Invests Over US$25 Million in 512 NVIDIA H200 GPUs to Drive 20% Earnings Growth KUALA LUMPUR, Malaysia, Jan. 27, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) ('VCI Global'), through its AI subsidiary, AI Computing Center Malaysia Sdn. Bhd. ('AICC' or the 'Company') proudly announces a major AI asset acquisition through Super Micro Computer, Inc. (NASDAQ: SMCI) ('Supermicro'). This strategic investment entails the procurement of state-of-the-art 64 Supermicro servers equipped with 512 NVIDIA H200 Tensor Core Graphics Processing Units ('NVIDIA H200 GPUs'), for the launch of its AI cloud business. AICC's investment of over US$25 million marks a significant milestone in its journey to becoming a leading AI infrastructure provider. This investment is expected to generate approximately US$6 million in annual revenue, representing a projected 20% increase in earnings by 2026. The AICC's first AI computing center, located in Cyberjaya, Malaysia, is slated to go live in Q2 2025. The NVIDIA H200 GPUs represent a groundbreaking leap in AI technology. As the newest innovation in the NVIDIA's Hopper family, the NVIDIA H200 GPUs features exceptional performance capabilities, including advanced tensor cores and enhanced memory bandwidth, enabling it to efficiently process vast datasets and perform complex computations. Its architecture is specifically designed to accelerate large-scale AI and high-performance computing (HPC) workloads, making it an ideal choice for generative AI, natural language processing, and advanced machine learning models. 'Through this strategic investment, AICC is proud to be the first in Malaysia to provide AI cloud services powered by NVIDIA H200 GPUs. This acquisition of state-of-the-art AI assets not only unlocks a new revenue stream for AICC but also reinforces its position in advancing AI cloud services. We are confident in the growth of our AI cloud business, leveraging opportunities in the cloud computing industry while further strengthening Malaysia's AI ecosystem and contributing to its economic development,' said Dato' Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global. About VCI Global Limited VCI Global is a diversified holding company headquartered in Kuala Lumpur, Malaysia. The Company operates through five core businesses: Capital Market Consultancy, Fintech, Real Estate, AI & Robotics, and Cybersecurity. In Capital Market Consultancy, we provide IPO solutions, investor relations (IR) and public relations (PR) consultancy, and M&A consultancy. Our Fintech arm offers a proprietary financing platform. In Real Estate, we offer specialized real estate consultancy services. The AI business delivers GPU servers, GPU cloud computing services, AI and large language model (LLM) solutions, while the Robotics segment focuses on post-harvest robotics systems. Our Cybersecurity segment provides comprehensive cybersecurity consultancy services and solutions. Committed to fostering innovation and delivering exceptional value, VCI Global has established a strong presence across the Asia-Pacific region, the United States, Europe, and the Middle East, driving growth and transformation on a global scale. For more information on the Company, please log on to About Super Micro Computer, Inc. Supermicro is a global technology leader committed to delivering first-to-market innovation for Enterprise, Cloud, AI, Metaverse, and 5G Telco/Edge IT Infrastructure. We are a Rock-Scale Total IT Solutions provider that designs and builds an environmentally friendly and energy saving portfolio of servers, storage systems, switches, software, along with global support services. For more information, please visit . 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@
