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KUALA LUMPUR - VCI Global Limited (NASDAQ: VCIG), a global holding company with a market capitalization of $10.19 million, has introduced Project QG, a new infrastructure platform aimed at enhancing data sovereignty and monetization for governments and institutions. According to InvestingPro analysis, the company maintains strong financial health with an impressive gross profit margin of 54.43%. The company announced today that the project is transitioning into the proof-of-concept phase.
Project QG combines AI-driven hardware encryption, zero-trust computing, and blockchain validation. This integration is expected to establish a secure framework for AI deployment and data management, addressing underutilization of institutional and national datasets due to regulatory and privacy concerns.
The global artificial intelligence market, as reported by Grand View Research, is projected to surpass $1.8 trillion by 2030, with growth fueled by enterprise adoption and the development of AI-native infrastructure. Similarly, Markets and Markets anticipates the cybersecurity and data protection market to reach about $298.5 billion by 2028. Deloitte Insights has also highlighted an increasing trend in enterprises monetizing proprietary data and software assets. VCI Global appears well-positioned in these growing markets, with InvestingPro data showing revenue growth of 37% in the last twelve months and a strong current ratio of 9.36, indicating robust operational efficiency.
Project QG is designed to facilitate computation on encrypted data, allowing users to access insights without exposing raw information. It includes blockchain-backed audit trails and hardware-anchored encryption with dynamic AI-generated security algorithms. The platform offers sovereign-grade control with optional policy-driven monetization.
VCI Global’s platform is tailored for entities that require sovereign-ready infrastructure to maintain control over their data while complying with localization laws and creating value. The company is currently engaging with selected stakeholders for early proof-of-concept pilots, with a full platform launch expected in Q3 2025. For investors seeking deeper insights, InvestingPro offers a comprehensive analysis with 16+ additional ProTips and a detailed Pro Research Report, available as part of the subscription.
Group Executive Chairman and CEO Dato’ Victor Hoo stated, "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."
VCI Global has a strategic focus on AI & Robotics, Fintech, Cybersecurity, Renewable Energy, and Capital Market Consultancy, with operations across Asia, Europe, and the United States. The company’s forward-looking statements in the press release reflect its ambition to grow in technological innovation and financial excellence but are subject to various risks and uncertainties.
The information in this article is based on a press release statement.
In other recent news, VCI Global Limited reported significant developments across its operations. Credilab, a fintech subsidiary of VCI Global, received a $1 million investment from Triple Helix Capital Ltd to expand its digital lending services in Southeast Asia. This funding follows a 116% year-over-year revenue increase for Credilab in the first half of 2024, reaching $0.7 million, and a 67% growth in its loan book value to $13.3 million. Additionally, VCI Global announced a reverse stock split at a 1-for-20 ratio to comply with Nasdaq’s listing requirements, reducing its share count from approximately 54.5 million to 2.8 million.
Furthermore, VCI Global launched a new AI platform, DeepAI, aimed at simplifying AI adoption for businesses of various sizes. The platform offers GPU-optimized services and emphasizes data security and regulatory compliance. In a separate announcement, VCI Global secured $33 million in contracts to deploy AI infrastructure solutions for clients in high-growth industries over the next 12 months. The company’s CEO, Dato’ Victor Hoo, emphasized the importance of scalable AI infrastructure to meet rising demand.
VCI Global also addressed concerns about new U.S. tariffs, stating it has minimal exposure and continues to support Southeast Asian companies entering U.S. capital markets. The company remains focused on enhancing its technology platforms, including fintech, AI-as-a-service, and cybersecurity, to support businesses adapting to a digital economy.
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