KUALA LUMPUR, Aug 10 (Bernama) -- Bursa Malaysia ended marginally lower on Monday, as investors largely stayed on the sidelines and adopted a wait-and-see approach amid uncertainties over US monetary policy and geopolitical developments, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.38 of a point to 1,735.37 compared with last Friday’s close of 1,735.75. The index opened 0.10 of a point higher at 1,735.85 and fluctuated between 1,730.35 and 1,738.97 throughout the day. However, on the broader market, gainers thumped losers 707 to 447, while 573 counters were unchanged, 1,046 untraded and 21 suspended. Turnover narrowed to 3.49 billion units valued at RM2.55 billion from 3.55 billion units valued at RM3.47 billion last Friday.
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...