Latest news with #JPM
Sinar Daily
12 hours ago
- Politics
- Sinar Daily
Stay tuned, PM's big announcement is tomorrow
The Prime Minister will make an announcement regarding a special appreciation for all Malaysians at 10.30am. 22 Jul 2025 11:53am Datuk Seri Anwar Ibrahim. Bernama FILE PIX KUALA LUMPUR - Prime Minister Datuk Seri Anwar Ibrahim will announce an extraordinary appreciation for all Malaysians tomorrow morning, said Communications Minister Datuk Fahmi Fadzil. Anwar, while speaking at the Prime Minister's Department (JPM) monthly assembly in Putrajaya yesterday, said that an extraordinary gesture of appreciation for the people would be announced today or tomorrow (Wednesday). "The Prime Minister will make an announcement regarding a special appreciation for all Malaysians at 10.30am, Wednesday, July 23, 2025. "Stay tuned,' Fahmi said briefly on Facebook. Datuk Fahmi Fadzil. Bernama FILE PIX Previously, Anwar, in a Facebook post, announced that he would be making a major announcement as an extraordinary gesture of appreciation for Malaysians. However, he did not provide any details on the nature of the announcement. - BERNAMA
Business Insider
12 hours ago
- Business
- Business Insider
OpenAI Partners with the UK Government to Advance AI Development
ChatGPT-maker OpenAI and the UK government have teamed up to work on AI security research and explore investments in British AI infrastructure, including data centers. The move is expected to help OpenAI grow its presence in Europe and influence how governments use and control advanced AI. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Key Terms of the Deal As part of this agreement, OpenAI will expand its London office, its first international location established two years ago. This expansion will involve growing its local research and engineering teams. Further, OpenAI will share technical details with the UK's AI Safety Institute. This will help the government better understand what AI can do and what risks it might pose. The deal also aims to explore how AI can be used in areas like justice, defense, security, and education in the UK. All uses will follow strict UK rules and will aim to improve public services and make them more efficient. The initiative aligns with the UK government's plan to invest £1 billion in computing infrastructure for AI development to increase public compute capacity twentyfold over the next five years. This includes the creation of AI Growth Zones, regional hubs designed to attract billions in private investment and create high-paying tech jobs. JPMorgan Initiates Coverage on OpenAI JPMorgan (JPM) recently initiated coverage on private companies, including OpenAI. The firm said OpenAI has grown from a small research lab into a major industry player and the third most valuable private company globally. The firm believes ChatGPT's strong brand and early lead could help OpenAI tap into a $700 billion market by 2030. The firm noted that while OpenAI remains the best-capitalized private AI startup, profitability is not expected until 2029, leaving investors to weigh growth against long-term sustainability. Further, JPM believes that OpenAI must expand revenue sources quickly to justify its steep valuation, currently 27x projected 2025 revenue, above the industry average.
Barnama
13 hours ago
- Politics
- Barnama
PM Anwar To Announce Special Appreciation For Malaysians Tomorrow
KUALA LUMPUR, July 22 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim will announce an extraordinary appreciation for all Malaysians tomorrow morning, said Communications Minister Datuk Fahmi Fadzil. Anwar, while speaking at the Prime Minister's Department (JPM) monthly assembly in Putrajaya yesterday, said that an extraordinary gesture of appreciation for the people would be announced today or tomorrow (Wednesday). 'The Prime Minister will make an announcement regarding a special appreciation for all Malaysians at 10.30 am, Wednesday, July 23, 2025.
Malaysian Reserve
2 days ago
- Business
- Malaysian Reserve
Anwar: Malaysia will not bow to external pressure that undermines national policy
PUTRAJAYA — Prime Minister Datuk Seri Anwar Ibrahim (picture) has stressed that Malaysia will not bow to pressure that could undermine national policies, including negotiations with the s. He said that although investment and trade with the US are significant, Malaysia has a 'red line' in negotiations — namely the Bumiputera policy — which must not be compromised, even if it is perceived as 'discriminatory' by external parties. In addition, Anwar, who is also the finance minister, stated that procurement and opportunities for local companies must also be protected in negotiations with the US. He added that Malaysia's approach is more thorough and firm in order to safeguard national interests, while continuing to strengthen trade relations with other countries, including China and ASEAN, as a step to expand market access. 'That is our red line in negotiations (on tariffs), which is why our approach is more careful and firm. 'We must continue to trade and engage well with all countries, but no country should be allowed to impose conditions that pressure us,' he said during a monthly meeting with staff of the Prime Minister's Department (JPM) here today. Anwar said that his close ties with world leaders, particularly in Brazil and Egypt, have opened up strategic economic opportunities for Malaysia to strengthen its economic resilience. He stated that as a result of his good relationship with Brazilian President Luiz Inácio Lula da Silva, Petronas was invited to participate in oil exploration and production in the country, while Yinson Holdings is involved in the construction of oil and gas vessels for the Brazilian and Peruvian markets. 'The involvement of Malaysian companies was made easier due to our strong friendship. In addition to increased trade with BRICS countries (the economic bloc comprising Brazil, Russia, India, China, and South Africa), Malaysia is opening new networks for the country's survival, (as we) cannot rely on just one country,' he said. In Egypt, Anwar said his relationship with President Abdel Fattah el-Sisi also yielded positive results, with the Egyptian government granting Proton the opportunity to make the country a production hub for the north African market. This has also contributed to a 34 per cent increase in trade with Egypt within a year. — BERNAMA
The Sun
2 days ago
- Business
- The Sun
Malaysia stands firm on national policy amid US tariff talks
PUTRAJAYA: Prime Minister Datuk Seri Anwar Ibrahim has reaffirmed Malaysia's stance against external pressure that could weaken national policies, particularly in ongoing tariff negotiations with the United States. He emphasised that while trade and investment ties with the US remain vital, Malaysia maintains a 'red line' in discussions—specifically the Bumiputera policy—which will not be altered despite external perceptions of it being 'discriminatory.' Anwar, who also serves as finance minister, highlighted the need to protect local companies in procurement and business opportunities during negotiations. He stated that Malaysia's approach is measured yet firm to ensure national interests are safeguarded while expanding trade relations with other nations, including China and ASEAN members. 'That is our red line in negotiations (on tariffs), which is why our approach is more careful and firm. We must continue to trade and engage well with all countries, but no country should be allowed to impose conditions that pressure us,' he said during a monthly meeting with Prime Minister's Department (JPM) staff. The prime minister also pointed to his diplomatic engagements with global leaders as a key factor in strengthening Malaysia's economic resilience. His rapport with Brazilian President Luiz Inácio Lula da Silva has facilitated Petronas' participation in oil exploration and production in Brazil, while Yinson Holdings secured contracts to build oil and gas vessels for Brazilian and Peruvian markets. 'Malaysian companies benefited from these opportunities due to strong diplomatic ties. Expanding trade with BRICS nations (Brazil, Russia, India, China, South Africa) helps Malaysia diversify its economic dependencies,' he added. In Egypt, Anwar's relationship with President Abdel Fattah el-Sisi led to Proton being granted a production hub role for North Africa, boosting bilateral trade by 34 per cent within a year. - Bernama
