Unveiling Next-Generation Solutions and an Exclusive State-of-the-Art Data Center for Southeast Asia
Treasure Global Inc (NASDAQ: TGL) (“TGL,” “Treasure Global” or the “Company”), an innovative technology solutions provider, and AIO Synergy today announced that they have entered into a strategic alliance aimed at reshaping the landscape of artificial intelligence (“AI”). This collaboration, strategically timed amidst Southeast Asia’s booming digital economy, works toward the development of next-generation AI solutions and an exclusive state-of-the-art data center created specifically for AI applications.
The dedicated AI data center facility will serve as a hub for cutting-edge AI data analytics and the creation of AI-generated human experiences and is engineered to meet the unique demands of AI workloads, ensuring optimal performance and efficiency.
The initial focus of this partnership is on the Malaysian market, where both TGL and AIO Synergy are committed to providing transformative AI solutions to businesses across various industries. By positioning their companies to capitalize on the Southeast Asian AI market’s projected growth, TGL and AIO Synergy believe they are poised for expansion, leveraging the region’s burgeoning interest and investment in AI. This collaboration not only marks a milestone for the two companies but is also a significant step towards fostering innovation and technological excellence in the Southeast Asian region at an opportune time.
In 2023, the Malaysian government intensified efforts to boost its digital economy, now recognized as one of the fastest-growing sectors in the country. With an impressive US$15.7 billion invested in the sector during the third quarter of 2022 alone, digitalization and automation have become integral components of Malaysia’s New Industrial Master Plan 2030 (NIMP 2030).1 This plan is expected to position Malaysia as a high technology center and a regional leader in the digital economy.
The AI market in Southeast Asia is projected to reach US$10.05 billion in 2024, with an anticipated annual growth rate of 17.83%, reaching US$26.89 billion by 2030.2
”As Southeast Asia makes unprecedented strides in digitalization, our collaboration with AIO Synergy is poised to offer advanced AI solutions that align with the evolving needs of businesses in the region,” said Sam Teo, Chief Executive Officer of TGL. “Our plan is not just keeping pace with this growth; we believe we are actively contributing to shaping the future of AI technology in Southeast Asia and have once again proven our leadership position in the AI and digital e-commerce space.”
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