Today I'm announcing APAC Compute.
Malaysia has ready-built data centers with untapped capacity. That’s where we’re starting.
We're making ASEAN a net producer of AI: trusted compute, together with governments and industry. https://x.com/i/article/2119005507004596224
Why now is the time for APAC Compute
Today I’m announcing APAC Compute, which has been in the works since early this year.
Our mission is to work with governments and industry to build trusted AI compute and make ASEAN a net producer of AI.
The US grid can’t keep up with its own AI demand. A lot of the capacity coming online is contracted on paper. Many announced projects will arrive late or never be built. Only ~50% of planned US capacity will likely come online on time over the next two years (Goldman Sachs), and only 35% of announced North American capacity may ever be built (Bernstein). The midterms showed how quickly politics can turn against new data centers. Meanwhile, hyperscalers are taking an ever-larger share of global capacity – 48% today and 67% by 2031 (Synergy) – leaving everyone else to fight over what remains.
AI labs, neoclouds, and inference clouds are caught in the resulting compute crunch. Demand for tokens keeps growing, but they can't get GPUs, or the powered land to deploy them. They can't scale a business if they can't plan around capacity. They also don't have the balance sheet to sign long leases and finance the chips themselves.
This is what I’m solving via APAC Compute. We identify, diligence, and lease Tier III sites, source and finance the GPUs, and contract the capacity to AI labs, inference clouds, and enterprises.
Malaysia is our starting point. It has become a global compute powerhouse, with more AI compute than any single country after the US and China (Epoch AI – chip arrivals since 2022). The buildout continues, with East Malaysia as the next frontier.
We're starting with untapped compute capacity – ready-built halls in Malaysia that exist today, but that AI companies can't sign for, because they were designed for 10-15 year hyperscaler leases while AI contracts run 3-5 years. Our growing pipeline of powered shells provides the quickest way to get GPUs running.
I’ve lived in Asia Pacific for over 20 years – from high school in the Philippines, to scaling MoneyHero ($MNY) across eight Asian markets, to growing Montu (Australia’s fastest-growing tech company). Elevating this region’s position in the global balance of power is central to me.
I spent years building SuperAI (Asia’s largest AI conference) and TOKEN2049 (world’s largest digital asset conference) in order to bring frontier innovators into Southeast Asia via Singapore. The unlock is giving them access to infrastructure, and most specifically compute. Singapore is full, and Malaysia has the ingredients in abundance.
9 months ago, I made this my primary focus: I set up APAC Compute's base in San Francisco, and have built close relationships with chipmakers, AI labs, clouds, and capital allocators. The demand for Malaysian compute has been consistent – what has been missing is access, trust, and dependability. We are solving this.
We’re excited to contribute to Malaysia Digital Economy Corporation (MDEC)’s mission of catalyzing a vibrant AI ecosystem in Malaysia. We will also support the goals of the National AI Compute Exchange (NACX) by widening access to compute for Malaysian SMEs, startups, and researchers. Bringing frontier AI companies onto Malaysian infrastructure can seed the application and enterprise layers that follow – creating jobs, attracting talent, and closing the gap with Silicon Valley and Shenzhen.
We bring a decade of experience in ecosystem building through global-scale technology conferences to the region, pointing the spotlight on the people and companies building AI here. Our first delegation of chipmakers and compute buyers comes to the table on November 24 in Thailand – more on this in the coming days.
Growing up in Southeast Asia also means living with the downsides – burning season in Thailand, haze in KL and Singapore, and urban pollution in Manila. Having spent formative years of my career in environmental markets (at Carbonmark and Klima), I’m building APAC Compute with sustainability as a core pillar. This is why it’s important that we’re using facilities that have already been built before pouring new concrete.
We have an excellent team, who you'll meet shortly, with backgrounds across sovereign capital, tech infrastructure, and financial markets. We're hiring for our Kuala Lumpur office across software engineering, legal & compliance, and finance.
Kaleidoscope Ventures incubated APAC Compute and is leading the pre-seed round, and we're grateful to our friends, supporters, and strategic angels across Silicon Valley, Singapore, and Malaysia.
We'll be announcing our first site soon, and bringing our partners and ecosystem there to see it.
Peter Noszek
Co-Founder & President, APAC Compute
apaccompute.com
Sources:
Goldman Sachs Research (May 2026)
Bernstein, via Fortune (Oct 2026)
CNBC, US midterms (Nov 2026)
Synergy Research Group (Apr 2026)
Epoch AI, AI chip imports