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Investing.com -- VCI Global Limited (NASDAQ:VCIG) stock surged 10.3% after the company announced it has secured a $22 million sovereign AI infrastructure contract through its subsidiary V Gallant Limited.
The agreement with Codetext (BVI) Limited positions VCI Global as a key player in sovereign AI infrastructure, featuring military-grade encryption and NVIDIA-powered compute systems. The contract includes delivery of a full-stack sovereign AI system with components such as QuantVault, QTrustCard, SecureGPU, and local AI stack integration.
Codetext, which specializes in software engineering and AI deployment, works with government agencies and regulatory bodies across the region. The infrastructure will help Codetext ensure regulatory compliance and operational independence without reliance on external cloud providers.
"The future of AI requires trust, and that starts with infrastructure. This contract proves our ability to deliver scalable, sovereign-grade systems that empower our clients to innovate without compromise," said Dato’ Victor Hoo, Group Executive Chairman and CEO of VCI Global.
The global AI infrastructure market is projected to reach approximately $197.6 billion by 2030, growing at a 17.7% CAGR. Meanwhile, Southeast Asia’s data center investments are expected to grow to about $17.7 billion by 2029, according to Mordor Intelligence.
V Gallant’s infrastructure ensures data sovereignty by maintaining information within jurisdictional boundaries with chip-level encryption, allowing clients to deploy high-performance AI solutions while meeting security, privacy, and compliance requirements.
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