KUALA LUMPUR, Jan 7 (Bernama) -- Bursa Malaysia’s benchmark index rebounded from earlier losses to close at its intraday high on Wednesday, gaining 0.27 per cent in late trading as buying interest returned to selected heavyweights. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) advanced 4.48 points to 1,676.83 from Tuesday’s close of 1,672.35. The benchmark index opened 0.88 of-a-point lower at 1,671.47 and subsequently hit a low of 1,665.94 during the mid-morning session before gaining momentum toward closing. On the broader market, losers led gainers by 565 to 512, while some 526 counters were unchanged, 1,046 untraded, and 10 suspended. Turnover improved to 2.73 billion units worth RM2.76 billion versus Tuesday’s 2.66 billion units worth RM2.76 billion. Dealers said that investors were cautious following geopolitical developments in Asia.
Tech Giant Calls for Revisions to US Trade Policies
- Microsoft will push the Trump administration to ease AI chip export restrictions for key US allies, including India, Switzerland, and Israel, according to a report by The Wall Street Journal on Thursday.
- The proposal, expected to be published in a Microsoft blog post, argues that current curbs could drive allies toward China for AI infrastructure needs.
- Microsoft did not immediately respond to requests for comment.
US-China AI Battle Intensifies
- Washington’s expanded AI chip export restrictions—introduced during Joe Biden’s final days in office—aim to limit China’s access to advanced computing power.
- These measures have hurt US chipmakers and Big Tech companies that rely on China as a major market for semiconductors.
- China is capitalizing on US export restrictions, promoting itself as a more reliable AI technology partner for other countries, Microsoft President Brad Smith told WSJ.
DeepSeek Disrupts AI Market
- Microsoft identified DeepSeek as one of seven rising Chinese AI startups that could challenge US dominance.
- DeepSeek’s rapid innovation—most recently with its low-cost AI models that triggered a global AI stock sell-off—has shifted industry focus toward AI inference.
US Policy Uncertainty & Potential Adjustments
- WSJ reports that Trump officials are reviewing ways to strengthen restrictions while simplifying export-control rules.
- Microsoft's focus is on training AI models—feeding algorithms data to refine decision-making—a critical component of AI development.
- The broader AI chip export debate underscores the growing competition between the US and China over AI supremacy.
As the AI industry rapidly evolves, the Trump administration’s response to Microsoft’s request could shape the future of AI infrastructure and global partnerships.
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