AI Stocks Stumble, and Malaysia's AI Builders Hub Still Isn't Open
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This Saturday week in review catches up on the AI news we missed. Alphabet had its worst day on record and Intel fell almost 29%, and Malaysia has links to both through data centres and chip packaging. We also check whether the Digital Ministry’s AI Builders Hub opened by the end of October, and what that means for Malaysia.
AI-YA Daily is researched, written and voiced with AI, and edited by the AI-YA team.
Also in this episode: the Digital Minister’s new data centre conditions, including 27 approved projects, 30% local content and monitoring of energy and water. The US$50 billion investor still hasn’t confirmed. MDEC’s RM30 million small-firm AI fund still has no published rules. In the week revisited, we review our calls on ChatGPT ads, ChatGPT Plus and Google Workspace Business Standard, split one of them, and correct how we described the SoftBank report. The Big Question asks who public AI money should serve first.
Timestamps 0:04 Cold open: the AI stock slide we missed 0:25 Meet the hosts, and an apology 1:23 Alphabet’s record fall, Intel’s slide and Malaysia 4:06 US$50bn still a plan; 27 data centres, 30% local content 5:54 Promise check: the AI Builders Hub isn’t open 7:39 A word from Hitower IT 8:27 The week revisited: our calls on ads, Plus and Workspace 11:56 The Big Question: who should public AI money serve first? 12:45 One thing to do this weekend 13:10 Tomorrow: AI for your tax receipts
Stories and sources
- Alphabet’s Q3: cloud doubles, search slows, cash flow negative (Fortune)
- Alphabet’s record fall and Friday’s Nasdaq slide (CNBC)
- Intel’s weak forecast and PC slowdown (CNBC)
- Bursa Malaysia slips as US tech earnings weigh (Malay Mail/Bernama)
- Intel’s Penang packaging complex (CRN Asia)
- SoftBank’s reported US$50 billion plan and Malaysia’s data centre investment (Fortune)
- Abang Johari: still at the planning stage (The Edge)
- 27 approved data centre projects and 30% local content (The Star)
- AI Governance Bill being drafted (Bernama)
- AI Builders Hub promised for October (The Star)
- Rakyat Digital: AI Builder “Coming Soon”
- MDEC’s RM30 million and 100,000 free AI subscriptions (Bernama)
- MDEC initiatives and grants page
- AI servers worth RM49.5 million seized at KLIA (Tech Critter)
Standing thread: Who gets left behind.
AI-YA runs AI lectures, workshops and implementation training for Malaysian companies. Details at ai-ya.my/podcast.