Gamuda entry into AI space offers rich potential

Kenanga Research called it a “surprise” move and said the investment risk in these ventures is minimal due to the small capital outlay.

PETALING JAYA: Gamuda Bhd’s recent venture into the cloud and artificial intelligence (AI) space is being viewed as a positive move.

Earlier this week, the group announced two moves by its subsidiary Gamuda Technologies Sdn Bhd, with the first being a partnership with Dagang Nexchange Bhd (Dnex) for a 50:50 joint venture to be the sole provider for Google Distributed Cloud air-gapped services (GDC Services) to the government and clients in Malaysia.