Malaysia’s benchmark index retreated as profit-taking in key heavyweights weighed on sentiment, while overall market activity remained active. Summary FBM KLCI fell 0.83% to 1,684.93 , dragged by losses in banking and selected large-cap names, despite steady trading participation. Market Performance FBM KLCI : 1,684.93 (-0.83%) FBM Mid 70: -0.00% (flat) FBM Small Cap: -0.23% FBM ACE: +0.20% Broad market was mixed , with weakness concentrated in large caps. Market Breadth & Trading Activity Total volume: 3.54 billion shares Total value: RM4.19 billion Gainers: 456 Losers: 678 Unchanged: 550 Market breadth turned negative , reflecting cautious sentiment. Top Movers – KLCI Gainers Axiata (6888.MY) +1.54% Petronas Gas (6033.MY) +1.18% Sunway (5211.MY) +1.15% Losers Hong Leong Bank (5819.MY) -3.29% Maybank (1155.MY) -3.02% CIMB (1023.MY) -2.47% Banking sector weakness was the main ...
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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