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WSJ Tech News Briefing

TNB Tech Minute: Google Plans $2 Billion for Malaysia Data Center

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.61.6K Ratings

🗓️ 30 May 2024

⏱️ 2 minutes

🧾️ Download transcript

Summary

Plus, KKR gets EU approval for $23 billion acquisition of Telecom Italia’s broadband network. And China plans to impose export controls on aviation equipment, technology and software. Zoe Thomas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:30.0

Here's your T&B Tech Minute for Thursday, May 30th. I'm Zoe Thomas for the Wall Street

0:37.4

Journal. Google will invest $2 billion to establish its first data center in Malaysia.

0:44.7

The Alphabet-owned company says the data center will help power search, maps, and cloud

0:50.1

services capable of handling artificial intelligence computing demand.

0:54.4

Google says the investment would be its largest ever in Malaysia.

0:58.2

The country's Prime Minister Anwar Ibrahim said in a post on X

1:02.2

that the plans support government efforts in quote

1:05.0

accelerating and smoothing the country's digital transformation. The European

1:10.0

Union has given the go-ahead for a private equity firm KKR to snap up Telecom Italia's

1:16.2

broadband network assets for up to 22 billion euros, or around 23.77 billion dollars.

1:24.0

The European Commission, the EU's executive arm,

1:27.0

says it approved the deal unconditionally, meaning neither KKR or Telecommitalia

1:32.0

will have to make so-called remedies or commitments like asset

...

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