KUALA LUMPUR: ByteDance, the parent company of TikTok, is poised to invest in artificial intelligence (AI), aiming to transform Malaysia into a regional AI hub with a proposed investment of approximately RM10 billion.

In a statement on X (formerly Twitter), Minister of Investment, Trade, and Industry Tengku Datuk Seri Zafrul Abdul Aziz revealed that this commitment was communicated to him during his meeting with TikTok Vice President Helena Lersch in Singapore today.