Market View: Are we entering a new phase of the AI boom? Dissecting OpenAI's power to move shares
Description
The STI opened in positive territory, inching up 0.13%.
It held on to those gains through the day, closing 1,1% higher at 4,472 point.
Across global markets, enthusiasm for artificial intelligence continues to power tech stocks to new heights.
That rally got an extra boost overnight, after OpenAI unveiled new features for ChatGPT that integrate with everyday apps like Spotify and Booking.com, moves that sent several partner company shares sharply higher.
Adding to the momentum, OpenAI also announced a multi-year collaboration with AMD to build AI data centres running on AMD processors.
So, what do these latest developments signal for the AI race and for investors?
On Market View, Nadiah Koh breaks it all down with Thilan Wickramasinghe, Head of Equity Research at Maybank Securities.
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