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KUALA LUMPUR - VCI Global Limited (NASDAQ:VCIG), a technology solutions provider with a market capitalization of $19.79 million and impressive gross profit margins of 71%, has announced the acquisition of three contracts totaling $33 million to deploy advanced AI infrastructure solutions over the next 12 months. According to InvestingPro analysis, the company currently trades below its Fair Value, suggesting potential upside opportunity. These projects aim to enhance computing capabilities for clients in high-growth industries, with a focus on AI model distillation and a combined capacity of 6 trillion parameter distillation.
The clients include Hexatoff Group Sdn Bhd, a construction solutions provider developing a data center in Malaysia; Quantum Universe Capital Sdn Bhd, a marketing technology firm creating gaming platforms with quantum computing; and an undisclosed Nasdaq-listed AI cloud services provider.
VCI Global’s initiative involves procuring hardware and refining proprietary software and AI agents for integration with client systems. The deployment will feature AI-optimized servers with Intel processors and NVIDIA GPUs to manage AI workloads, alongside intelligent software for system efficiency, AI model tuning, GPU optimization, and robust cybersecurity measures. The company maintains strong operational efficiency with a healthy current ratio of 5.58 and has demonstrated substantial revenue growth of 89% in the last twelve months.
Dato’ Victor Hoo, Group Executive Chairman and CEO of VCI Global, highlighted the importance of scalable AI infrastructure to meet increasing demand and maintain a competitive edge. The company is committed to technological innovation and sustainable growth across AI & Robotics, Fintech, Cybersecurity, Renewable Energy, and Capital Market Consultancy.
This press release includes forward-looking statements subject to risks and uncertainties, including the company’s growth and customer acceptance of new products. Actual results may differ due to various factors such as market conditions and the ongoing effects of COVID-19. InvestingPro subscribers can access 15+ additional ProTips and a comprehensive Pro Research Report for deeper insights into VCIG’s financial health, which currently rates as "GREAT" with an overall score of 3.12.
The information for this article is based on a press release statement.
In other recent news, VCI Global Limited has introduced a new AI-driven cybersecurity solution called V Gallant CyberSecure. This product is designed to protect enterprises from advanced cyber threats using military-grade encryption and automated system backups. The company also announced its strategic expansion into Asia and the Middle East, aiming to establish a significant market presence with new offices planned in Hong Kong, Singapore, and Indonesia. Additionally, VCI Global is set to launch an AI Integrated Server and AI Cloud Platform, which are expected to reduce the cost and complexity of adopting AI for businesses. The company is also developing an AI aggregator platform to facilitate the integration of various AI models into enterprise systems. In a move to strengthen its digital marketing capabilities, VCI Global has acquired Singapore-based Roots Digital Pte. Ltd. for approximately $2.2 million. This acquisition is anticipated to enhance VCI Global’s presence in the Singapore market. These developments reflect VCI Global’s ongoing efforts to innovate and expand across multiple sectors.
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