Bloomberg BusinessWeek

Silicon Valley supporters say CEO shouldn’t have given up control to Nvidia board

China’s car business is miles ahead of the rest of the world. Brad Stone took a special look at its EV supremacy in Businessweek’s special December issue on the Asian nation. (Source: Bloomberg)

Dan Ives, partner and senior managing director at Yorkville Ives & Co., says that Nvidia without Jensen Huang “evens the playing field” in artificial intelligence. Ives discusses Nvidia’s valuation without Huang, why he thinks the next CEO will be from outside the company and what challenges they may face. He speaks on “Bloomberg Surveillance.” (Source: Bloomberg)

Nvidia faces is in crisis after the sudden departure of Jensen Huang, the rock star CEO who turned it into the company at the heart of the AI boom. As markets digest the fallout, the shockwaves are spreading across Europe’s technology ecosystem. In this special edition of Bloomberg Tech Europe, Tom Mackenzie explores what it means for the tech industry, investors and AI sovereignty in Europe. "Bloomberg Tech: Europe" spotlights the biggest names and trends shaping the region's technology ecosystem as the global competition heats up. This monthly, 30-minute magazine-style show features in-depth interviews with top technology leaders, as well as major investors and policymakers - giving you a compelling A to Z of the most consequential innovations, opportunities and challenges. Today's guests includes Richard Windsor, Radio Free Mobile Founder and Owner, Roxanne Varza, Station F Director, Dan Akarca, Callosum Co-Founder. (Source: Bloomberg)

Huang was a mediating voice between the two AI superpowers.

Station F Director Roxanne Varza says French founders remain broadly reassured after Jensen Huang’s departure, with no sign Nvidia’s recent investment commitments are being withdrawn. She says the immediate damage appears reputational rather than operational, while prompting founders to consider the risks of building a company too closely around one leader. Speaking to Tom Mackenzie on the latest episode of Bloomberg Tech: Europe, Varza also noted the upheaval could eventually create opportunities for Europe to develop more sovereign alternatives to Nvidia’s technology stack. (Source: Bloomberg)

Paytm has received a tentative approval from India’s central bank to operate its digital wallet, a move that will help the payments firm revive a high-margin revenue engine.

Callosum co-founder Dan Akarca says Nvidia will remain dominant in the near term, but its market share is likely to decline as more specialized AI chips emerge. He says Callosum’s software can direct different AI tasks to the processors best suited to them, potentially cutting costs, improving performance and reducing energy use. Akarca was speaking to Tom Mackenzie on the latest episode of Bloomberg Tech: Europe which explored the risks and rewards for Europe following Jensen Huang's departure as Nvidia CEO. (Source: Bloomberg)

Some of Britain’s biggest retailers are ramping up hiring for artificial intelligence and technology roles, even as rising costs force them to pull back on recruitment for other areas including in-store staff.

A Chinese company founded by Alice Huang, the woman at the center of a controversy dogging Nvidia Corp., procured smuggled AI chips that were installed at a Shanghai data center with links to Megaspeed International Pte, according to documents reviewed by Bloomberg News. Some of the servers were originally sold to Aperia Cloud Services, an official Nvidia Cloud Partner headquartered in Singapore, according to a person familiar with the matter. Parmy Olson has the details. (Source: Bloomberg)

Goldman Sachs Group Inc. strategists are bullish on US stocks for 2027, predicting the S&P 500 will advance 14% over the coming year after a selloff in the biggest technology companies left their valuations historically cheap.

South Korean startup DeepX Co. plans to spend more than $100 million developing a next-generation artificial intelligence chip using Samsung Electronics Co.’s advanced 2 nanometer manufacturing process.

Microsoft is racing to restore access to its flagship software half a day after an outage began, leaving users unable to access email and chat services in one of the tech giant’s most severe disruptions in recent memory. Bloomberg's Peter Elstrom has the latest. (Source: Bloomberg)

Nataliia Lipikhina, head of EMEA equity strategy at JPMorgan Private Bank, discusses the rotation away from semiconductor stocks and why she sees hyperscalers benefiting. Speaking on Bloomberg Television, she also comments on European equities and why banks are attractive. (Source: Bloomberg)

Société Générale CIB Chief US Equity Strategist Manish Kabra tells Bloomberg's Anna Edwards and Tom Mackenzie he will focus on companies using AI rather than building AI in 2027, pointing to the cyclicality of the semiconductor trade. "Semis historically are always a yo-yo index. It goes up a lot. It comes down a lot," he says on The Opening Trade. "The conviction to adopt AI is feeding into hyperscalers. It's feeding into frontier labs. And that's what backwards feeds into the AI capex cycle. I think the feedback from the S&P 500 outside the tech sector is still we want to adopt AI and not ignore it." (Source: Bloomberg)

The fall of Nvidia Corp. Chief Executive Officer Jensen Huang has removed the industry’s most prominent opponent of US chip controls, setting up a showdown over potential new curbs that could accelerate China’s drive for semiconductor self-sufficiency.

SpaceX and Tesla are progressing in their merger negotiations, setting the stage for a combination that could redefine the limits of global dealmaking. Elon Musk’s two largest companies could announce what would be the biggest-ever deal as soon as in December, according to people familiar with the matter. Bloomberg's Manuel Baigorri has more. (Source: Bloomberg)

Traders were forced to do business by phone and Whatsapp, and even fire up their fax machines, as a worldwide outage of Microsoft Corp. software crippled communications and snarled email services.

Anthropic's initial public offering has drawn about six times the orders for the shares available, according to people familiar with the matter, as interest increases for potentially the biggest first-time share sale ever. The Claude AI model firm and its co-founders are seeking to raise as much as $64.4 billion in the IPO and $26 billion in a private placement, its filings show. Taken together, the offering would be bigger than SpaceX’s IPO, making it the biggest listing of all time. Bloomberg's David Savage reports. (Source: Bloomberg)

Nvidia is searching for a permanent replacement for larger-than-life Chief Executive Officer Jensen Huang, a daunting challenge at the world’s most valuable chipmaker. The company has tapped an outside firm to identify potential candidates following revelations of multiple extramarital affairs by Huang. Longtime Chief Financial Officer Colette Kress is serving as interim CEO. Bloomberg's Tom Mackenzie has more details. (Source: Bloomberg)