Nvidia Board Reportedly Considers Ousting Jensen Huang Over Affair Allegations
The board is investigating whether Huang may have been targeted by a foreign intelligence operation after he acknowledged being unfaithful to his wife.
Business
What Is Driving The Growing Financial Crisis In The AI Industry
The setback follows election gains by AI-sceptical Democrats, local opposition to data-centre projects and a decline in Nvidia’s market value
Nvidia Hires Wachtell Lipton To Investigate Jensen Huang Allegations
Alice Huang, identified as connected to Megaspeed, has been accused of spying for Beijing, while the FBI is conducting a separate investigation.
Anthropic Sets IPO Price Range, Eyes $1.4 Trillion Valuation
The five-year-old startup reported $17 billion in revenue in its latest quarter, marking a 1,127% increase from a year earlier.
Nvidia Shares Edge Higher As Spy Allegations Against CEO Draw Scrutiny
The company's stock fell more than 4% on Monday after Huang reportedly acknowledged being unfaithful to his wife in an email to employees
The Destruction of Venezuela’s Economy under Chávez and Maduro
Many decades later, Hugo Chávez’s government initiated an experiment in Venezuela—a country that possesses one of the largest proven oil reserves in the world—that pursued the opposite approach.
China: More State Investment Is Not the Answer
Covering water infrastructure, electricity grids, computing capacity, telecommunications, underground pipelines, and logistics, the program is intended to sustain its already declining growth and stimulate its increasingly flagging domestic demand.
Low Volatility Does Not Mean Low Risk
A real example is August 2024. Markets had been unusually quiet for a long time, and many investors had borrowed heavily in yen to buy higher-yielding assets elsewhere.
American Imperialism And Jackson’s Indian “Removal”
Historians increasingly demonize Jackson for enacting “ethnic cleansing,” ranking his Indian removal program as one of the era’s most momentous laws.
Cybertruck Faces Production Cut Amid Weak Sales And Quality Concerns
The vehicle attracted a niche following for its distinctive design but faced criticism over specifications, production quality and reliability.
October Job Growth Beats Forecasts, Unemployment Rate Drops To 4.1%
Employment figures for August and September were also revised upwards, adding a combined 84,000 jobs to the previously reported totals.
Global Markets Slide As AI Investment Concerns Trigger $2.5 Trillion US Sell-Off
Investors are reassessing the profitability of massive data centre investments by technology companies such as Meta, Amazon and Google
AI Spending Concerns Hit Asian Chipmakers And Technology Stocks
Concerns over data centres’ environmental and community impact had become an election issue
Did Stock Market Surge Mean Investors Love Dems And Socialism? No, But They Love Gridlock
One thing is clear from this election: the Democratic Party mainly flies these days on its left wing.
Midterm Massacre: GOP Dealt The Historic Beatdown It Richly Deserved
To the people who complain that the Democrats are worse, two bad choices are never an argument for one of the bad choices.
No, Mayor Mamdani, Voting On Everything Doesn’t Promote Dignity
Being free to cast just one trifling vote among thousands or millions of votes for deciding how to run the breadline, how to assign living quarters, etc. is not some magical “power” that gives you any meaningful control over your own life.