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.
Tencent Enters AI Speed Race
- Tencent has launched its latest AI model, Hunyuan Turbo S, claiming it can respond to queries faster than DeepSeek’s R1—one of the most widely adopted AI models globally.
- The tech giant says Turbo S can generate answers in under a second, setting it apart from models like DeepSeek R1 and Hunyuan T1, which require more processing time before responding.
Performance and Competition
- Turbo S reportedly matches DeepSeek-V3 in fields like knowledge, mathematics, and reasoning.
- DeepSeek-V3 has already surpassed OpenAI’s ChatGPT in app store downloads, adding pressure on Tencent and other Chinese tech firms to accelerate AI advancements.
- DeepSeek did not immediately respond to Tencent’s performance claims.
China’s AI Arms Race Intensifies
- DeepSeek’s rapid global success, particularly its adoption in Silicon Valley, has forced Chinese tech giants into a race to enhance their AI models.
- Last month, Alibaba launched Qwen 2.5-Max, claiming it outperforms DeepSeek-V3 across various benchmarks.
- Tencent has also reduced Turbo S’ usage costs significantly, a direct response to DeepSeek’s open-source, low-cost strategy that has disrupted AI pricing in China.
What’s Next?
- With China’s AI firms aggressively pushing new models, pricing wars and rapid iterations are expected to continue.
- As Tencent, Alibaba, and DeepSeek battle for AI supremacy, the global AI market could see faster, more affordable models entering the competition against OpenAI and Google’s Gemini.
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