KUALA LUMPUR: India's Eros Investment Group will invest US$1 billion via Immerso AI-IP to build an artificial intelligence (AI) film city in Malaysia, said Digital Minister Gobind Singh Deo.
In a statement today, the minister said both ventures will potentially create 5,000 jobs over the next five years.
Gobind's recent trip to New Delhi included a meeting with Immerso AI-IP chief executive officer Ali Hussein.
Immerso AI-IP is a part of Eros Investments Group.
"I was informed that the Immerso AI Park will encompass an AI university and an AI data centre. It will drive global collaborations to support startups."The AI movie studio and film city hub will enhance talent skills in transmedia and digital productions in Malaysia," he added.
Gobind said the ventures will also identify opportunities to incorporate Malaysian content into the companies' existing and new intellectual properties (IPs).
Additionally, under a memorandum of understanding (MoU) between Malaysia Digital Economy Corporation (MDEC) and Nasscom, local talents will receive training in crucial digital fields such as Generative Artificial Intelligence (AI), cybersecurity, software development, and Next Gen technologies.
Investments in Malaysia's digital content sector rose significantly to RM1.6 billion last year, up from RM550 million in 2022, via MDEC's Malaysia Digital initiative.