OpenAI chief executive officer Sam Altman met with Samsung Group’s top executives in South Korea on Saturday to deepen cooperation on memory chips and artificial intelligence (AI) infrastructure as global shortages intensify.

OpenAI’s Altman meets Samsung executives as chip crunch deepens

OpenAI has cut its fundraising target by US$10 billion (RM40.6 billion) as an AI stock sell-off and rival Anthropic PBC’s impending public listing complicate its efforts to secure investor commitments, the Financial Times (FT) reported.

OpenAI funding target cut by US$10 bil as AI slumps — report

The Public Service Department (JPA) is confident that civil servants will fully comply with the ban on the use of the Waze navigation application.

Waze ban: Public Service Dept confident of full compliance among civil servants

Intel Corp suffered its worst stock rout in more than four decades after the PC industry slump and supply-chain snags hurt its forecast, renewing fears about the chipmaker’s turnaround bid.

Intel suffers worst stock drop in decades on weak forecast

Amazon.com Inc has set up supplier financing arrangements to borrow as much as US$80 billion (RM325 billion) against the value of hardware it buys, the company’s latest move to preserve financial flexibility as it spends hundreds of billions on artificial intelligence (AI) infrastructure.

Amazon taps US$80 bil supplier loan facility to help fund AI

S&P Global Ratings took an early step towards potentially downgrading Meta Platforms Inc’s credit rating within the next two years, amid growing pressure on the tech company’s balance sheet stemming from elevated spending tied to artificial intelligence (AI).

Meta’s rating outlook cut to negative by S&P on AI spending

Apple Inc reclaimed the title of world’s most valuable company on Friday, taking the mantle from Nvidia Corp as investors seek the perceived safety of the iPhone maker amid concerns about artificial intelligence (AI) spending.

Apple overtakes Nvidia to become world’s most valuable company

Reddit Inc had its biggest share drop since its 2024 initial public offering (IPO), after saying it is planning to limit access to its online forums.

Reddit plunges 25% on plan to limit access, sales outlook miss

The development of Silicon Island in Penang will focus on the construction of a 283.28-hectare Green Tech Park in 2027, after 202.34 hectares of the total 513.95-hectare Phase 1 area had been reclaimed by October.

Silicon Island: 202 hectares reclaimed, Green Tech Park to be developed in 2027, says CM

Integrated circuit designer SkyeChip Bhd (KL:SKYECHIP) posted a net profit of RM17.7 million in the second quarter ended Sept 30, 2026 (2QFY2027), supported by higher quarter-on-quarter revenue from its silicon intellectual property (IP) business.

SkyeChip posts RM17.7 mil net profit, RM54.2 mil revenue for 2Q 

The establishment of the Penang Technology Financial Centre (PTFC) positions the state strategically to capitalise on global geopolitical shifts and the artificial intelligence (AI) supercycle, further accelerating growth in the semiconductor and electrical and electronics sectors.

Penang tech financial centre to capitalise on geopolitical shifts, AI supercycle, says CM

Nvidia Corp chief executive officer Jensen Huang said the chipmaker’s dealings with Megaspeed International were “normal and not unusual” following a New York Times report that one of the Singapore firm’s executives is under investigation for spying on behalf of China.

Nvidia CEO says ties to Singapore company in spy probe were ‘normal’

CelcomDigi Bhd (KL:CDB) said on Friday it has received spectrum assignments for two blocks each in the 2600-megahertz and 900-megahertz frequency bands.

CelcomDigi gets formal spectrum assignments, discloses annual fees

(Oct 30): Indian AI infrastructure firm AM Intelligence is seeking to raise as much as US$3 billion to fund a previously announced purchase of Nvidia Corp’s next-generation chips, according to people familiar with the matter, the latest sign that the technology’s boom is driving a debt binge.

Indian AI firm seeks US$3 bil financing for Nvidia chips order — Bloomberg

The Sultan of Selangor, Sultan Sharafuddin Idris Shah, has contracted Influenza A and has been advised to rest for five to seven days to ensure a full recovery.

Sultan of Selangor contracts Influenza A, investiture ceremony postponed

Ukraine’s drone forces struck a complex of refineries deep within Russia, even as Kyiv and other parts of the country struggled to restore electricity following overnight Russian strikes on energy infrastructure.

Ukraine strikes Bashneft refineries as Russia attacks power grid

Iran’s Supreme Leader Mojtaba Khamenei ordered his top military commanders to prepare for renewed confrontation with the US and Israel and expand Tehran’s options for retaliation.

Iran’s Khamenei orders military to expand US retaliation plans

Mega Fortris Bhd (KL:MEGAFB) said its major shareholders had obtained a court order seeking details of March share transactions involving one particular shareholder, in response to a Bursa Malaysia query over a two-day sell-off that wiped out more than RM1 billion in market value.

Mega Fortris says major shareholders obtained court order to probe March share trades in response to UMA query 

The government will not become poor or go bankrupt by helping the less fortunate, as the real threats to the country's economy are misconduct among leaders, corruption and financial leakages, Prime Minister Datuk Seri Anwar Ibrahim said.

Govt will not go bankrupt helping the poor — Anwar

As US President Donald Trump threatens renewed attacks against Iran, Tehran’s intermittent strikes on commercial vessels have left the two sides locked in a painful economic standoff.

Shipping strikes in Hormuz leave both sides with economic pain

Binance said it’s in discussions with Malaysian regulators for a licensed business in the country, as the cryptocurrency exchange seeks a route back into a market where authorities have blocked its website and applications.

Binance in talks for Malaysian licence after five-year absence

Fu Chengyu, the former chairman of China Petrochemical Corp (Sinopec), is under investigation for suspected serious violations of discipline and law, China’s top anti-graft agency said on Saturday.

China's graft agency probes ex-Sinopec chairman Fu Chengyu

A total of 47 areas across the country recorded air pollutant index (API) readings at a moderate level as of Saturday evening, while 21 areas recorded good air quality.

Haze-free Malaysia: Good air in 21 areas, moderate readings in 47

Mata Ayer assemblywoman Wan Badariah Wan Saad passed away at Hospital Tuanku Fauziah here at 4.26pm on Saturday.

Mata Ayer assemblywoman Wan Badariah passes away

The Sultan of Selangor, Sultan Sharafuddin Idris Shah, has contracted Influenza A and has been advised to rest for five to seven days to ensure a full recovery.

The government will not become poor or go bankrupt by helping the less fortunate, as the real threats to the country's economy are misconduct among leaders, corruption and financial leakages, Prime Minister Datuk Seri Anwar Ibrahim said.

Iran’s Supreme Leader Mojtaba Khamenei ordered his top military commanders to prepare for renewed confrontation with the US and Israel and expand Tehran’s options for retaliation.

Ukraine’s drone forces struck a complex of refineries deep within Russia, even as Kyiv and other parts of the country struggled to restore electricity following overnight Russian strikes on energy infrastructure.

Tech

‌‌

‌
‌