G3 Global Berhad has issued a statement on its MOU it signed with SenseTime Group and China Harbour Engineering Company Ltd for the development of an AI Park.
Managing Director of G3, Mr. Dirk Quinten, said, “G3 will continue to focus on its AI and other IT-based solutions to grow the business. The parties to the MoU noted that the landscape for the development of the originally anticipated AI Park has changed and that the project may have to take on a new form.”
He added that G3 as well as SenseTime and CHEC remain keen to work together on large-scale AI & IT projects that are sustainable over the longer term. We have been exploring and discussing concepts that leverage each other’s strengths and expertise, whilst considering Malaysia’s AI roadmap and strategic position at the same time.
The Company also said it will make the necessary announcements to Bursa Malaysia Securities Berhad as and when there are further developments in these discussions.
