KUALA LUMPUR (June 1): Telekom Malaysia Bhd (TM) has inked a memorandum of understanding (MOU) with ZTE Malaysia Corporation Sdn Bhd to collaborate on a range of research and development (R&D) innovations under its latest strategic partnership programme.

TM, ZTE ink MOU to collaborate on R&D innovation

Investors riding the rapid ascent of the artificial intelligence (AI) theme are experiencing a hiccup as shares in Nvidia Corp and other major players slip after a powerful rally.

Nvidia fell 5.7% on Wednesday (May 31), the most since Jan 30, after the chipmaker briefly reached a US$1 trillion (RM4.61 trillion) market cap earlier this week. The stock’s 250%-plus gain from an October low likely provided an attractive opportunity to pocket some gains, with board member Tench Coxe among people who recently took some money off the table. AI software firm C3.ai Inc fell 9% on disappointing sales forecast, paring its gain for the year to just under 260%.

AI boom gets fresh gut check as Nvidia drops most since January

Electric vehicles may not reach cost parity with internal combustion engine vehicles until after 2030, Ford Chief Executive Jim Farley said on Wednesday.

Speaking at an investor conference, Farly said EVs will continue to be more expensive than their ICE counterparts until the second and third generation vehicles go into production after 2025.

Ford CEO says EV cost parity may not come until after 2030

Cathie Wood said software providers will be the next to ride on the artificial intelligence (AI) frenzy driven by Nvidia Corp.

Cathie Wood says software stocks are next AI bet after Nvidia

Specialised cloud computing provider CoreWeave has raised US$200 million (RM923.1 million) in funding from its existing investor Magnetar Capital, highlighting investor interest in backing infrastructure powering the generative artificial intelligence (AI) boom.

Cloud computing firm CoreWeave raises another US$200m amid AI boom

Households with internet access increased to 96% in 2022 compared to 94.9% in 2021, said the the Department of Statistics Malaysia’s latest report (DOSM).

DOSM: Household access to internet up to 96% as of 2022

A hacking group suspected of ties to an Asian government has broadened its targets to government agencies in countries including Indonesia and Thailand, carrying out cyber-espionage as recently as April, cybersecurity firm Group-IB says.

Suspected state-backed hackers 'Dark Pink' hit more nations as threat grows

Contract manufacturer Dixon Technologies (India) Ltd on Wednesday (May 31) said it is partnering with Xiaomi Corp's Indian arm to make and export phones for the Chinese firm.

Xiaomi partners with Dixon Technologies to make mobile phones in India

Chinese search giant Baidu Inc will set up a venture capital fund of 1 billion yuan (RM669.4 million) to back start-ups focused on content generated by artificial intelligence applications, it said on Wednesday (May 31).

China's Baidu launches US$145m venture capital AI fund

India’s government is poised to deny crucial funding for billionaire Anil Agarwal’s chip venture, a setback for a US$19 billion push to make semiconductors in the country.

The government is likely to tell the venture between Agarwal’s Vedanta Resources Ltd and Taiwan’s Hon Hai Precision Industry Co it won’t get incentives to make 28nm chips, people familiar with the matter said.

Billionaire’s chip dreams stymied as India set to deny funding

HP Inc reported sales that fell further than analysts’ estimated, a sign the company continues to be hamstrung by the ongoing slump in demand for personal computers.

Revenue declined 22% to US$12.9 billion (RM59.56 billion) on a worse-than-expected drop in consumer PC sales, the company said on Tuesday (May 30) in a statement. HP’s Personal Systems segment fell 29% to US$8.2 billion, compared with analysts’ average estimate of US$8.4 billion.

HP sales decline worse than expected as PC slump continues

Twitter is now worth just one-third of what Elon Musk paid for the social-media platform, according to Fidelity, which recently marked down the value of its equity stake in the company.

Twitter is now worth just 33% of Elon Musk’s purchase price, Fidelity says

Even after Nvidia Corp's blistering rally in recent days, the chip developer's valuation has actually fallen, at least by one measure widely used by analysts and investors.

The chip developer has risen more than 31% in the last three sessions including a 3% gain on Tuesday (May 30) to US$401.11 (RM1,851.72). At one point during the session, its market capitalisation surpassed US$1 trillion.

Despite Nvidia's rally, some say the stock is actually cheaper

Tesla Inc’s Elon Musk joined Apple Inc’s Tim Cook, Mercedes-Benz Group AG’s Ola Källenius and other car and technology company bosses in emphasising the importance of maintaining ties with China in his first visit to the country since before the pandemic.

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