KUALA LUMPUR, May 21 (Bernama) -- Bursa Malaysia ended at its intraday low on Thursday as investor sentiment remained cautious amid ongoing foreign outflows, although the recent weakness may present bargain-hunting opportunities in fundamentally sound blue-chip counters. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 9.33 points, or 0.54 per cent, to 1,708.36, from yesterday’s close of 1,717.69. The benchmark index, which opened 3.74 points higher at 1,721.43, hit an intraday high of 1,722.50 in early trade before losing momentum for the rest of the day. Market breadth was negative, with losers outpacing gainers 656 to 508, while 565 counters were unchanged, 989 untraded and 32 suspended. Turnover fell to 3.49 billion units worth RM3.70 billion compared with 4.15 billion units worth RM4.29 billion on Wednesday.
Quick Summary Amazon may invest up to US$50 billion in OpenAI US$15b upfront , US$35b tied to IPO or AGI milestone SoftBank & Nvidia reportedly eye US$30b each OpenAI IPO valuation could reach US$1 trillion Deal Structure Still Conditional According to The Information , Amazon is negotiating a massive funding deal with OpenAI that could total US$50 billion . The proposed structure: US$15 billion immediate investment US$35 billion contingent on: OpenAI achieving artificial general intelligence (AGI) Or pursuing a public listing (IPO) Key point: The majority of Amazon’s capital is milestone-based, reducing upfront risk. AI Funding War Intensifies Other major players reportedly joining the round: SoftBank Group – US$30 billion (in stages) Nvidia Corp – US$30 billion (in stages) Backed by existing partner Microsoft If finalized, Amazon could become the largest single contributor in Open...