VCI Global Limited (NASDAQ: VCIG) shares -gain substantially in price Monday, as the company, a leading provider of technology solutions, is pleased to announce the acquisition of three significant contracts totaling US$33 million for the deployment of advanced AI infrastructure solutions. These projects are set to enhance clients’ computing capabilities, enabling the efficient management and processing of AI model distillation with a combined capacity of six trillion parameter distillation.
VCI Global’s AI infrastructure solutions will be deployed across three major clients, each operating in distinct high-growth industries:
• Hexatoff Group Sdn Bhd: A turnkey solutions provider specializing in infrastructure and building construction, registered with the Ministry of Finance Malaysia. The company is currently developing a state-of-the-
art data center in Enstek City, Malaysia.
• Quantum Universe Capital Sdn Bhd: A marketing technology company focused on developing innovative gaming platforms that integrate advanced quantum computing concepts to enhance user experiences.
• Confidential NASDAQ-listed company: A leading AI cloud services provider, establishing a robust infrastructure to support its expansion in the artificial intelligence sector.
VCIG shares captured four cents, or 5.6%, to 77 cents.
