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)
Microsoft Outlook went dark on Rita Elkazzi just as a volatile week in markets was coming to an end. As swings in AI stocks and bonds kept traders on edge, the UBS Group AG execution-sales head for Australia and New Zealand was forced onto phones and alternative channels to communicate.
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)
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.
Anna Ashton, Founder of Ashton Analytics, says the Nvidia controversy will likely result in stricter US export controls toward China and deepen restrictions on technology products. She speaks on "Bloomberg: The China Show". (Source: Bloomberg)
ByteDance Ltd. plans to buy back up to $6 billion of shares from investors at a valuation of about $400 billion, marking a 20% uptick from a similar program a year ago, according to people who’ve reviewed the proposal.
Retail investors are clinging to hopes of Nvidia Corp.’s rebound, stepping in with aggressive buying after Chief Executive Officer Jensen Huang was ousted.
Malaysia said it is examining whether AI chips brought into the country by a unit of Singapore-based Megaspeed International Pte were subsequently shipped overseas, tightening scrutiny around a company at the center of the scandal that led to the resignation of Nvidia Corp.’s Jensen Huang.
Arthur Lang, Singtel Group CFO, discusses the outlook and growth strategy for the business after the company's first half earnings, and on potential business impact from Nvidia leadership changes. He speaks with Haidi Stroud-Watts and Paul Allen on "Bloomberg: The Asia Trade". (Source: Bloomberg)
Singapore charged a fifth person in a fraud case linked to the export of computer hardware suspected of containing Nvidia Corp. chips subject to US trade restrictions.
SigmaStar Technology Ltd., a Chinese artificial intelligence chipmaker, is seeking to raise as much as $300 million in a Hong Kong listing as soon as this year, people familiar with the matter said, as the nation’s technology companies look for an opportune fundraising window.
Berkshire Hathaway Inc. paid more to borrow in Japan than it did in April, with spreads wider across several maturities of its ¥182.3 billion ($1.1 billion) bond sale.
President Donald Trump said Jensen Huang called him and expressed remorse over what the scandal that led to his resignation as chief executive of Nvidia Corp. had done to his family.
At the end, Jensen Huang looked broken and shattered, his legendary energy depleted. After weeks spent denying the allegations of infidelity and fighting to remain in his job as Nvidia Corp.’s chief executive officer, his surrender late Wednesday night was unconditional. Huang’s usual take-charge demeanor had evaporated, according to a person familiar with the situation, and he’d started using phrases like “whatever” and “I don’t care.”
Patrick Moorhead, CEO and Chief Analyst at Moor Insights and Strategy, says Nvidia could face months of employee churn as uncertainty lingers over its CEO search. (Source: Bloomberg)
Samsung Electronics Co. is in talks to acquire Modine Manufacturing Co., a maker of cooling systems for data centers, according to people familiar with the matter.
Jensen Huang’s departure from Nvidia is raising questions about whether rivals can chip away at the company’s dominance of the AI semiconductor market. Bloomberg Intelligence analysts Robert Schiffman and Mandeep Singh say demand for AI computing remains strong, but Huang’s exit could create opportunities for Broadcom, AMD, Google and others as customers look for alternatives and potentially push back on Nvidia’s premium pricing. (Source: Bloomberg)
Grand Theft Auto VI is expected to be one of the biggest entertainment releases in history, and potentially one of the most expensive. Why is there so much riding on the game? (Source: Bloomberg)
