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KUALA LUMPUR - VCI Global Limited (NASDAQ:VCIG), a financially healthy company with an impressive gross profit margin of 54%, announced Tuesday the launch of QuantGold Data Platform, an encrypted AI infrastructure designed to process sensitive data without compromising privacy or ownership. According to InvestingPro data, the company maintains strong financial metrics with a "GREAT" overall health score.
VCI Global will hold a 20% equity stake in QuantGold, which aims to address the challenge that nearly 90% of institutional data remains inaccessible due to privacy, regulatory and infrastructure constraints, according to the company. The move comes as VCI Global demonstrates strong operational performance, with revenue growth of 37% in the last twelve months.
The platform enables AI models to perform computations on encrypted data without accessing the raw information, utilizing hardware-based encryption and blockchain audit trails. The company states the technology is supported by more than 120 encryption patents, with components already deployed across over 100 organizations in sectors including finance, telecommunications and aviation.
"Most institutional data is locked away, yet it holds the key to the next phase of AI," said Dato’ Victor Hoo, Group Executive Chairman and CEO of VCI Global, who has also been appointed CEO of QuantGold.
QuantGold operates on a pay-per-compute model, allowing data owners to monetize sensitive information while maintaining control. The platform offers services including Analytics-as-a-Service, GPU-as-a-Service, and Encrypted Model Execution.
The company reports that proof-of-concept deployments are currently underway with enterprise and institutional partners, targeting sectors such as healthcare, finance, public administration, and AI research and development.
This information is based on a press release statement from VCI Global Limited. InvestingPro analysis suggests the stock is currently trading below its Fair Value, with a notably low P/E ratio of 0.06. Discover more insights and 14 additional ProTips for VCIG through an InvestingPro subscription, including access to comprehensive Pro Research Reports covering 1,400+ top stocks.
In other recent news, VCI Global Limited has announced its financial projections for the fiscal year ending December 31, 2025, forecasting a 41% increase in revenue to approximately $39.2 million and a 30% rise in net profit to nearly $9.9 million. The company attributes this growth to the expansion of its technology and consulting services, alongside strategic milestones such as the planned IPO of its subsidiary, V Capital Consulting Group Limited, in the third quarter of 2025. Additionally, VCI Global introduced Project QG, an infrastructure platform designed to enhance data sovereignty and monetization, currently in the proof-of-concept phase with a full launch expected in Q3 2025. The company also announced a $1 million investment in its fintech subsidiary, Credilab, from Triple Helix Capital Ltd, aimed at scaling operations and advancing digital lending in Southeast Asia. Furthermore, VCI Global has stated it has minimal exposure to recent U.S. tariffs, continuing its strategy to facilitate Southeast Asia’s entry into U.S. capital markets. In a separate development, the company has initiated a reverse stock split at a 1-for-20 ratio to meet Nasdaq’s minimum bid price requirement, effective April 3, 2025. This action is part of VCI Global’s commitment to maintaining its Nasdaq listing. These developments reflect VCI Global’s strategic focus on growth and innovation across its sectors.
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