VCI Global Wins Its First AI Contract Worth US$16 Million
VCI Global's subsidiary V-Gallant has secured a US$16 million contract to develop an AI digital human-enabled live streaming platform for a Malaysian e-commerce player. The platform will utilize NVIDIA H200 Tensor Core GPUs and integrate with major platforms like Tencent, Meta, TikTok, and Instagram. The client platform currently has nearly 3 million registered users and over 2,000 merchants. The project aims to automate content moderation, personalization, and audience engagement functions. The Southeast Asian e-commerce market is projected to reach US$120 billion in revenue by 2029, with a 10.42% CAGR from 2024-2029.
La sussidiaria di VCI Global, V-Gallant, ha ottenuto un contratto da 16 milioni di dollari USA per sviluppare una piattaforma di live streaming abilitata da intelligenza artificiale per un operatore di e-commerce della Malaysia. La piattaforma utilizzerà GPU NVIDIA H200 Tensor Core e si integrerà con piattaforme principali come Tencent, Meta, TikTok e Instagram. Attualmente, la piattaforma del cliente conta quasi 3 milioni di utenti registrati e oltre 2.000 commercianti. Il progetto mira ad automatizzare le funzioni di moderazione dei contenuti, personalizzazione e coinvolgimento del pubblico. Si prevede che il mercato dell'e-commerce del Sud-est asiatico raggiunga 120 miliardi di dollari USA di fatturato entro il 2029, con un tasso di crescita annuale composto (CAGR) del 10,42% dal 2024 al 2029.
La subsidiaria de VCI Global, V-Gallant, ha obtenido un contrato de 16 millones de dólares estadounidenses para desarrollar una plataforma de streaming en vivo habilitada por inteligencia artificial para un operador de comercio electrónico en Malasia. La plataforma utilizará GPU NVIDIA H200 Tensor Core e integrará con plataformas importantes como Tencent, Meta, TikTok e Instagram. La plataforma del cliente tiene actualmente casi 3 millones de usuarios registrados y más de 2,000 comerciantes. El proyecto tiene como objetivo automatizar la moderación de contenido, la personalización y las funciones de participación de la audiencia. Se proyecta que el mercado del comercio electrónico del sudeste asiático alcanzará 120 mil millones de dólares estadounidenses en ingresos para 2029, con una tasa de crecimiento anual compuesta (CAGR) del 10.42% desde 2024 hasta 2029.
VCI Global의 자회사 V-Gallant가 말레이시아의 전자상거래 업체를 위해 1600만 달러 계약을 체결하고 AI 디지털 휴먼 기반의 라이브 스트리밍 플랫폼을 개발합니다. 이 플랫폼은 NVIDIA H200 Tensor Core GPU를 활용하며 Tencent, Meta, TikTok 및 Instagram과 같은 주요 플랫폼과 통합될 것입니다. 고객 플랫폼은 현재 거의 300만 명의 등록 사용자와 2,000명이 넘는 상인을 보유하고 있습니다. 이 프로젝트는 콘텐츠 모더레이션, 개인화 및 청중 참여 기능을 자동화하는 것을 목표로 합니다. 동남아시아 전자상거래 시장은 2029년까지 1200억 달러의 수익을 올릴 것으로 예상되며, 2024년부터 2029년까지 연평균 성장률(CAGR)은 10.42%로 예상됩니다.
La filiale de VCI Global, V-Gallant, a sécurisé un contrat de 16 millions de dollars américains pour développer une plateforme de streaming en direct activée par intelligence artificielle pour un acteur de l'e-commerce en Malaisie. La plateforme utilisera des GPU NVIDIA H200 Tensor Core et s'intégrera avec des plateformes majeures comme Tencent, Meta, TikTok et Instagram. La plateforme client compte actuellement près de 3 millions d'utilisateurs enregistrés et plus de 2.000 commerçants. Le projet vise à automatiser la modération du contenu, la personnalisation et l'engagement du public. Le marché de l'e-commerce en Asie du Sud-Est devrait atteindre 120 milliards de dollars américains de revenus d'ici 2029, avec un taux de croissance annuel composé (CAGR) de 10,42% entre 2024 et 2029.
Die Tochtergesellschaft von VCI Global, V-Gallant, hat einen 16 Millionen US-Dollar Vertrag zur Entwicklung einer KI-gestützten Live-Streaming-Plattform für einen E-Commerce-Anbieter aus Malaysia gesichert. Die Plattform wird NVIDIA H200 Tensor Core GPUs nutzen und sich mit großen Plattformen wie Tencent, Meta, TikTok und Instagram integrieren. Die Kundenplattform hat derzeit fast 3 Millionen registrierte Benutzer und über 2.000 Händler. Ziel des Projekts ist es, die Inhalte zu moderieren, die Personalisierung und die Nutzerbindung zu automatisieren. Der Markt für E-Commerce in Südostasien wird voraussichtlich bis 2029 120 Milliarden US-Dollar Umsatz erreichen, mit einer jährlichen Wachstumsrate (CAGR) von 10,42% von 2024 bis 2029.
- Secured significant US$16 million AI development contract
- Client platform has strong user base of 3 million registered users
- Integration capabilities with major social media platforms
- Targeting high-growth market projected to reach US$120B by 2029
- None.
Insights
The
The partnership with a platform having 3 million users and 2,000 merchants provides immediate scale and validates VCI Global's AI capabilities. The use of NVIDIA H200 Tensor Core GPUs demonstrates technological competitiveness in the AI space. The integration capabilities with major platforms like Meta, TikTok and Instagram significantly expand the potential reach and application of their technology.
The technical architecture combining NVIDIA H200 GPUs with proprietary AI software creates a robust foundation for advanced digital human applications. The platform's comprehensive feature set - including automated content moderation, personalization and production processes - addresses critical pain points in live streaming. Integration capabilities with major social platforms reduce technical barriers to adoption and expand market reach.
The focus on digital humans and AI-enhanced live streaming aligns with emerging e-commerce trends, particularly in Southeast Asia where live commerce is rapidly growing. The automation of key functions should provide scalability advantages and operational efficiencies for the client platform.
KUALA LUMPUR, Malaysia, Oct. 29, 2024 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (Frankfurt: H0T) (“VCI Global” or the “Company”) is pleased to announce that its subsidiary, V Gallant Sdn Bhd (“V-Gallant”), has been awarded a groundbreaking US
This innovative live-streaming platform integrates a comprehensive development strategy that leverages AI servers powered by NVIDIA H200 Tensor Core GPUs and V-Gallant’s AI software. Engineered to deliver high-quality live streaming enhanced by AI digital human solutions, it provides interactive experiences aligned with industry standards and optimized UX. These solutions are designed for seamless integration within its own ecosystem and compatibility with major platforms like Tencent Holdings Ltd., Meta Platforms, Inc., TikTok, and Instagram. Additionally, they automate critical functions such as content moderation, personalization, audience engagement, and production processes, significantly enhancing the user experience and fostering deeper connections between content creators and audiences.
The Malaysian e-commerce player offers a robust platform designed to facilitate a wide range of e-commerce activities, providing both consumers and merchants with instant rebates and affiliate cashback programs. This innovative platform features a seamless e-payment solution that caters to both online and physical retail environments, enhancing the shopping experience for all users. As of September 25, 2024, the platform boasts a solid network of nearly 3 million registered users and over 2,000 registered merchants, reflecting its expanding reach and influence in the e-commerce market.
According to Statista, the Southeast Asia e-commerce market is projected to reach approximately US
“This contract represents a tremendous boost for our AI division,” said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global. “As competition in the AI space intensifies, we are well-positioned to secure additional projects within the e-commerce industry, particularly as we approach 2025. Our commitment to innovation aligns with the growing demand for sophisticated digital marketing tools in one of the largest digital markets globally.”
About VCI Global Limited
VCI Global is a diversified holding company headquartered in Kuala Lumpur, Malaysia. The Company operates through five core businesses: Capital Market Consultancy, Fintech, Real Estate, AI & Robotics, and Cybersecurity. In Capital Market Consultancy, we provide IPO solutions, investor relations (IR) and public relations (PR) consultancy, and M&A consultancy. Our Fintech arm offers a proprietary financing platform. In Real Estate, we offer specialized real estate consultancy services. The AI business delivers GPU servers, GPU cloud computing services, AI and large language model (LLM) solutions, while the Robotics segment focuses on post-harvest robotics systems. Our Cybersecurity segment provides comprehensive cybersecurity consultancy services and solutions. Committed to fostering innovation and delivering exceptional value, VCI Global has established a strong presence across the Asia-Pacific region, the United States, Europe, and the Middle East, driving growth and transformation on a global scale.
For more information on the Company, please log on to https://v-capital.co/.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company’s ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. These forward-looking statements are based only on our current beliefs, expectations, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Therefore, you should not rely on any of these forward-looking statements. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company’s ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company’s products and the Company’s customers’ economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company’s filings with the United States Securities and Exchange Commission (“SEC”). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law.
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FAQ
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