Latest news with #dataSovereignty
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
CBC
3 days ago
- General
- CBC
Indigenous community on Manitoulin Island gets a data centre to help preserve its cultural heritage
An Indigenous community on Manitoulin Island in northeastern Ontario says its new data centre will help it secure its data sovereignty. The Ogimaa (or chief) of Wiikwemkoong, Tim Ominika, said the community will be using the data centre to store information about programs and services, including the community's education department, health centre and services offered through the band office. It will also allow the First Nation to preserve its cultural heritage locally. "It empowers us to digitally preserve and share our Anishinaabe language because that is another thing we are looking at our knowledge, our traditions," Ominika said. The facility arrived by truck on Friday, May 23. "It looks like a large storage container," Ominika said. "But inside… with the data storage system in there, it looks like you're in a movie when you see all of the data storage and all the compartments. That's what it looks like inside, inside the unit." Ominika said the community previously used third-party vendors to host its information online. "Not saying we don't trust any other IT [information technology] businesses out there, but you know, we are just trying to look at paving the way for Anishinabek communities such as our community here," he said. Although he did not provide the exact cost for the data centre, Ominika said "it wasn't cheap." He added that it was a worthwhile investment for the community to preserve important cultural data, and information about services, locally. Ominika said Wiikwemkoong could make arrangements with other Indigenous communities to store their data. The data centre is also expected to create some local jobs to keep it running, and Ominika said he hopes it sparks more interest in science, technology, engineering and mathematics fields among young people in the community.
Trade Arabia
5 days ago
- Business
- Trade Arabia
Malaysia granted sovereignty over Bahrain cloud subscriber data
As part of the official visit by His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, to Malaysia, an announcement was made that Malaysia will be granted full sovereignty over subscriber data hosted in Bahrain cloud computing centers. Lauding the move, Information & eGovernment Authority (iGA) Chief Executive Mohammed Ali Al Qaed underscored the growing Bahraini-Malaysian relations, describing the cooperation between the two countries as a key milestone that fosters strategic collaboration in the digital economy, knowledge exchange, and digital infrastructure development. He reaffirmed Bahrain's commitment to strengthening international cooperation in Information and Communication Technology (ICT) and advancing the digital ecosystem toward becoming a competitive, future-ready nation. This initiative reflects global confidence in Bahrain's legal, technical, and operational expertise in cloud computing, reinforcing its role as a trusted regional digital hub, he stated. According to him this move highlights the strong partnership and mutual trust between the two nations, and affirms Bahrain's commitment to data sovereignty and transparency, aligning with the highest regulatory standards and its vision for digital transformation. Bahrain is committed to building secure digital infrastructure that protects rights and ensures privacy in line with national legislation and global best practices. Al Qaed said that this decision complies with Decree No. (56) of 2018 on the provision of cloud computing services to foreign entities, as well as all related ministerial regulations.
Yahoo
5 days ago
- Business
- Yahoo
DoveRunner Expands Offerings With New Indonesia Region to Strengthen Data Sovereignty and Compliance
New option for data processing and storage in Indonesia enhances data sovereignty, compliance and performance for businesses operating in Southeast Asia. JAKARTA, Indonesia, May 27, 2025--(BUSINESS WIRE)--In response to the growing demand for regional data processing and heightened regulatory requirements, DoveRunner is excited to announce the launch of a data processing and storage solution in Indonesia. Starting today, DoveRunner customers can now maintain their data—including APKs, console metadata and account information—within Indonesia, ensuring stronger alignment with the country's data residency laws and improving overall data security. Because data localization continues to be a central consideration for businesses in Asia, Indonesia's GR71 and Personal Data Protection (PDP) law have set the standard for how organizations must handle local data. With increasing pressure to comply with local data residency regulations, it is essential for businesses to process and store data within their jurisdiction to avoid compliance risks. "As the demand for data sovereignty continues to grow across Southeast Asia, we are proud to support businesses in Indonesia by providing a secure, compliant and high-performance regional infrastructure," says James Ahn, CEO of DoveRunner. "Our new Indonesia region selection reflects our commitment to helping organizations meet evolving regulatory requirements while empowering them to innovate and grow with confidence." The Indonesia region selection offers several key benefits: Enhanced data sovereignty: All data, including APK analysis, telemetry and account metadata, will remain within Indonesia, fully complying with local data laws. Improved performance and latency: By offering a regional processing node within Indonesia, DoveRunner ensures the Jakarta region delivers faster data processing and reduced latency for Southeast Asia-based customers. Seamless integration with local governance: Businesses can easily switch to the Jakarta region through the DoveRunner platform to align with internal data governance and jurisdictional needs. This expansion comes on the heels of DoveRunner's recent rebranding and the merger of its flagship products, PallyCon and AppSealing, under one organization dedicated to security. With more than 25 years of experience in cybersecurity, DoveRunner strives to make security a solution rather than a stopgap, enabling organizations to continue innovating in an increasingly data-driven world. ABOUT DOVERUNNER DoveRunner offers complete mobile application and content security solutions that are designed for how the world works today—across applications and across devices—because we are all digitally interconnected. View source version on Contacts Brian ClevengerChief Marketing OfficerDoveRunnerbclevenger@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
DoveRunner Expands Offerings With New Indonesia Region to Strengthen Data Sovereignty and Compliance
New option for data processing and storage in Indonesia enhances data sovereignty, compliance and performance for businesses operating in Southeast Asia. JAKARTA, Indonesia, May 27, 2025--(BUSINESS WIRE)--In response to the growing demand for regional data processing and heightened regulatory requirements, DoveRunner is excited to announce the launch of a data processing and storage solution in Indonesia. Starting today, DoveRunner customers can now maintain their data—including APKs, console metadata and account information—within Indonesia, ensuring stronger alignment with the country's data residency laws and improving overall data security. Because data localization continues to be a central consideration for businesses in Asia, Indonesia's GR71 and Personal Data Protection (PDP) law have set the standard for how organizations must handle local data. With increasing pressure to comply with local data residency regulations, it is essential for businesses to process and store data within their jurisdiction to avoid compliance risks. "As the demand for data sovereignty continues to grow across Southeast Asia, we are proud to support businesses in Indonesia by providing a secure, compliant and high-performance regional infrastructure," says James Ahn, CEO of DoveRunner. "Our new Indonesia region selection reflects our commitment to helping organizations meet evolving regulatory requirements while empowering them to innovate and grow with confidence." The Indonesia region selection offers several key benefits: Enhanced data sovereignty: All data, including APK analysis, telemetry and account metadata, will remain within Indonesia, fully complying with local data laws. Improved performance and latency: By offering a regional processing node within Indonesia, DoveRunner ensures the Jakarta region delivers faster data processing and reduced latency for Southeast Asia-based customers. Seamless integration with local governance: Businesses can easily switch to the Jakarta region through the DoveRunner platform to align with internal data governance and jurisdictional needs. This expansion comes on the heels of DoveRunner's recent rebranding and the merger of its flagship products, PallyCon and AppSealing, under one organization dedicated to security. With more than 25 years of experience in cybersecurity, DoveRunner strives to make security a solution rather than a stopgap, enabling organizations to continue innovating in an increasingly data-driven world. ABOUT DOVERUNNER DoveRunner offers complete mobile application and content security solutions that are designed for how the world works today—across applications and across devices—because we are all digitally interconnected. View source version on Contacts Brian ClevengerChief Marketing OfficerDoveRunnerbclevenger@ Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
