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Grab & Others Ink AI-Related Deal: Is This a Growth Catalyst?
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Key Takeaways
Grab partners with SoftBank and PETROS to explore an AI and digital infrastructure platform in Sarawak.
The deal could enhance Grab's AI capabilities across mobility, deliveries and financial services businesses.
SoftBank's AI expertise and PETROS' energy infrastructure could aid Grab's efficiency and digital expansion.
Grab Holdings Limited (GRAB - Free Report) has entered into a Framework Agreement with SoftBank Group Corp. and Petroleum Sarawak Berhad (“PETROS”) to explore the development of an artificial intelligence (AI) and digital infrastructure platform in Sarawak, Malaysia. The collaboration aims to accelerate AI adoption, strengthen digital connectivity and support Sarawak’s transition toward a technology-driven economy.
The agreement was signed by SoftBank’s chairman and CEO Masayoshi Son, Grab’s chairman and CEO Anthony Tan, and PETROS' CEO Dato Janin Girie, in the presence of senior Sarawak government officials.
Under the agreement, the three companies will jointly develop a roadmap for the platform’s phased implementation. The partnership will also explore opportunities across AI computing, digital services, advanced technologies, robotics, workforce development and community engagement. By combining their technological expertise, regional networks and infrastructure capabilities, the companies aim to establish Sarawak as a destination for AI investment and innovation.
Each partner will contribute distinct capabilities to the initiative. SoftBank will leverage its global AI and technology ecosystem, including expertise in advanced computing, semiconductors, AI infrastructure and physical AI. Grab will contribute its established Southeast Asian digital ecosystem, applied AI capabilities and extensive customer and partner networks. Meanwhile, PETROS will utilize its expertise in energy infrastructure and resource development to support the platform’s energy requirements and facilitate local participation.
PETROS’ involvement is expected to support energy supply solutions, infrastructure development and broader participation across Sarawak’s local supply chain.
How the Partnership Benefits Grab
The collaboration presents an opportunity for Grab to strengthen AI capabilities and expand its role in Southeast Asia’s evolving digital economy. Access to SoftBank’s advanced technology ecosystem and PETROS’ energy infrastructure expertise could support the development of AI-driven solutions across Grab’s mobility, deliveries and financial services businesses.
The partnership may also create opportunities for Grab to improve operational efficiency, enhance platform intelligence and develop new technology-enabled services. Additionally, participation in a major regional AI infrastructure initiative could strengthen Grab’s competitive positioning, deepen strategic relationships and support its long-term diversification efforts.
Beyond the participating companies, the initiative aligns with Sarawak’s ambition to achieve high-income status by 2030 under its Post-COVID-19 Development Strategy 2030. By attracting strategic investments, developing local talent and supporting technology-driven industries, the proposed platform could help position Sarawak and Malaysia as emerging regional hubs for AI and digital infrastructure.
Taking a Look at Another AI-Focused Deal
Ride-hailing giant Uber Technologies (UBER - Free Report) is accelerating its artificial intelligence initiatives through an expanded strategic partnership with NVIDIA (NVDA - Free Report) , announced in March 2026. Under the agreement, the companies plan to introduce NVIDIA-powered autonomous vehicles on Uber’s ride-hailing network, aiming to expand to 28 cities globally by 2028. The collaboration leverages NVIDIA’s DRIVE Hyperion autonomous vehicle platform and Alpamayo, a reasoning-based AI model designed to navigate complex driving environments. The phased deployment strategy combines advanced AI technology with Uber’s extensive mobility network to accelerate the commercialization of autonomous transportation.
The partnership underscores Uber’s strategy of leveraging external AI expertise to strengthen its autonomous mobility ecosystem without independently developing the entire technology stack. By integrating NVIDIA’s AI capabilities with the established ride-hailing infrastructure, Uber aims to enhance operational efficiency, improve transportation accessibility and expand its autonomous vehicle offerings.
GRAB’s Share Price Performance, Valuation and Estimates
Grab’s shares have fallen nearly 38% over the past three months, underperforming the Zacks Computer & Technology sector’s return of 25.3% and the Zacks Internet - Software industry's 7.6% growth.
YTD Price Comparison
Image Source: Zacks Investment Research
From a valuation standpoint, GRAB trades at a 12-month forward price-to-sales of 2.6X. GRAB is inexpensive compared with its industry.
Image Source: Zacks Investment Research
See how the Zacks Consensus Estimate for Grab’s earnings has been revised over the past 90 days.
View the Zacks #1 Rank List
Image: Bigstock
Grab & Others Ink AI-Related Deal: Is This a Growth Catalyst?
Key Takeaways
Grab Holdings Limited (GRAB - Free Report) has entered into a Framework Agreement with SoftBank Group Corp. and Petroleum Sarawak Berhad (“PETROS”) to explore the development of an artificial intelligence (AI) and digital infrastructure platform in Sarawak, Malaysia. The collaboration aims to accelerate AI adoption, strengthen digital connectivity and support Sarawak’s transition toward a technology-driven economy.
The agreement was signed by SoftBank’s chairman and CEO Masayoshi Son, Grab’s chairman and CEO Anthony Tan, and PETROS' CEO Dato Janin Girie, in the presence of senior Sarawak government officials.
Under the agreement, the three companies will jointly develop a roadmap for the platform’s phased implementation. The partnership will also explore opportunities across AI computing, digital services, advanced technologies, robotics, workforce development and community engagement. By combining their technological expertise, regional networks and infrastructure capabilities, the companies aim to establish Sarawak as a destination for AI investment and innovation.
Each partner will contribute distinct capabilities to the initiative. SoftBank will leverage its global AI and technology ecosystem, including expertise in advanced computing, semiconductors, AI infrastructure and physical AI. Grab will contribute its established Southeast Asian digital ecosystem, applied AI capabilities and extensive customer and partner networks. Meanwhile, PETROS will utilize its expertise in energy infrastructure and resource development to support the platform’s energy requirements and facilitate local participation.
PETROS’ involvement is expected to support energy supply solutions, infrastructure development and broader participation across Sarawak’s local supply chain.
How the Partnership Benefits Grab
The collaboration presents an opportunity for Grab to strengthen AI capabilities and expand its role in Southeast Asia’s evolving digital economy. Access to SoftBank’s advanced technology ecosystem and PETROS’ energy infrastructure expertise could support the development of AI-driven solutions across Grab’s mobility, deliveries and financial services businesses.
The partnership may also create opportunities for Grab to improve operational efficiency, enhance platform intelligence and develop new technology-enabled services. Additionally, participation in a major regional AI infrastructure initiative could strengthen Grab’s competitive positioning, deepen strategic relationships and support its long-term diversification efforts.
Beyond the participating companies, the initiative aligns with Sarawak’s ambition to achieve high-income status by 2030 under its Post-COVID-19 Development Strategy 2030. By attracting strategic investments, developing local talent and supporting technology-driven industries, the proposed platform could help position Sarawak and Malaysia as emerging regional hubs for AI and digital infrastructure.
Taking a Look at Another AI-Focused Deal
Ride-hailing giant Uber Technologies (UBER - Free Report) is accelerating its artificial intelligence initiatives through an expanded strategic partnership with NVIDIA (NVDA - Free Report) , announced in March 2026. Under the agreement, the companies plan to introduce NVIDIA-powered autonomous vehicles on Uber’s ride-hailing network, aiming to expand to 28 cities globally by 2028. The collaboration leverages NVIDIA’s DRIVE Hyperion autonomous vehicle platform and Alpamayo, a reasoning-based AI model designed to navigate complex driving environments. The phased deployment strategy combines advanced AI technology with Uber’s extensive mobility network to accelerate the commercialization of autonomous transportation.
The partnership underscores Uber’s strategy of leveraging external AI expertise to strengthen its autonomous mobility ecosystem without independently developing the entire technology stack. By integrating NVIDIA’s AI capabilities with the established ride-hailing infrastructure, Uber aims to enhance operational efficiency, improve transportation accessibility and expand its autonomous vehicle offerings.
GRAB’s Share Price Performance, Valuation and Estimates
Grab’s shares have fallen nearly 38% over the past three months, underperforming the Zacks Computer & Technology sector’s return of 25.3% and the Zacks Internet - Software industry's 7.6% growth.
YTD Price Comparison
From a valuation standpoint, GRAB trades at a 12-month forward price-to-sales of 2.6X. GRAB is inexpensive compared with its industry.
See how the Zacks Consensus Estimate for Grab’s earnings has been revised over the past 90 days.
Grab’s Zacks Rank
GRAB currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.