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Market Daily Report: Selective Buying Of Defensive Stocks Lifts Bursa Malaysia Higher At Close

 KUALA LUMPUR, July 29 (Bernama) -- Bursa Malaysia rebounded to close higher on Wednesday on selective buying of defensive stocks after a volatile trading session. IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said consumer products and services stocks lifted the key index higher, overcoming lingering geopolitical concerns. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.08 points to 1,715.56 from yesterday’s close of 1,712.48. The benchmark index, which opened 1.91 points higher at 1,714.39, moved between 1,710.79 and 1,720.59 during the day’s trading. In the broader market, gainers outstripped decliners 550 to 476, while 612 counters were unchanged, 1,129 untraded, and 48 suspended. Turnover rose to 2.96 billion units valued at RM2.48 billion from 2.94 billion units valued at RM2.56 billion on Tuesday.

Apple’s Big AI Reset: Siri to Become a Full Chatbot to Take On OpenAI and Google

Apple Inc.  is preparing a major overhaul of  Siri , transforming it into the company’s first true  AI chatbot  as it races to catch up with rivals like  OpenAI  and  Google , according to Bloomberg. The revamped Siri, internally code-named  Campos , will be deeply embedded across  iPhone, iPad and Mac  operating systems. Unlike today’s voice assistant, the new Siri will support  natural, chat-style conversations , allowing users to ask follow-up questions, type requests, and complete more complex tasks — similar to ChatGPT or  Google Gemini . This marks a strategic pivot for Apple, which has historically resisted standalone chatbots in favour of weaving AI quietly into features. However, after a  rocky rollout of Apple Intelligence in 2024  and growing competitive pressure, the company is now embracing conversational AI more directly. The chatbot is expected to be  previewed at WWDC in June  and  relea...

India Pilots E-Commerce Payments via ChatGPT

India has launched a  pilot programme enabling e-commerce payments through ChatGPT , in collaboration between the  National Payments Corporation of India (NPCI) ,  Razorpay , and  OpenAI . The initiative integrates  Unified Payments Interface (UPI) —India’s fast payments network—with  ChatGPT , allowing users to  shop and complete transactions directly within the AI platform . The pilot uses UPI’s  “reserve pay”  feature, which lets users pre-authorize funds for specific merchants. Banking partners include  Axis Bank  and  Airtel Payments Bank , while  Tata Group’s Bigbasket  is among the first e-commerce platforms onboard. Razorpay CEO  Harshil Mathur  said agentic AI payments would turn “AI assistants from simple discovery tools into full-fledged shopping agents.” OpenAI’s managing director Oliver Jay  added that combining advanced AI with UPI’s trusted infrastructure could set a new global standard f...

Musk Sues Apple & OpenAI Over AI App Store Access

Elon Musk escalated his fight in the AI sector as  xAI  and  X (formerly Twitter)  filed suit against  Apple (AAPL US)  and  OpenAI  in the  U.S. District Court for the Northern District of Texas . The complaint alleges that Apple and OpenAI colluded to stifle AI competition in the App Store, favoring ChatGPT over rival models like xAI’s  Grok .   Investor Takeaway : Apple : Near-term financial impact limited, but regulatory/legal overhang could grow if Musk’s claims gain traction. Tesla : Lawsuit not material to fundamentals, but potential xAI stake keeps optionality alive — seen positively by Wedbush’s Dan Ives. AI Landscape : Lawsuit signals intensifying battles over who controls  AI access points  — hardware (Apple), distribution (App Store), and model development (OpenAI, xAI). Key Allegations Apple allegedly gave  preferential treatment to OpenAI’s ChatGPT  in the App Store. Musk argues this bias "thwarts c...

Tencent Unveils Hunyuan Turbo S AI Model, Claims Faster Responses Than DeepSeek-R1

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 launch...