The troubles for Nvidia co-founder and now ‘former’ CEO, Jensen Huang, don’t really seem to go away. Huang, who had to quit in light of two extramarital affairs, is once again in the spotlight for yet another alleged affair. As per a report from Reuters,…
Category: Tech
Anthropic IPO: Mega issue oversubscribed 6 times, Bloomberg reports – CNBC TV18
Anthropic PBC’s initial public offering (IPO) attracted orders worth about six times the shares on offer, signalling towards intense investor appetite for what could become the biggest first-time share sale in history, Bloomberg reported. People familiar with the matter told Bloomberg that bankers had warned…
SpaceX plans over $74 billion investment in Texas, Arizona AI campuses – CNBC TV18
SpaceX said on Thursday it plans to invest more than $74 billion in two supercomputing campuses, its Starbase site in Texas and in Cochise County, Arizona, expanding its AI computing ambitions alongside rocket and satellite businesses. The AI segment of the Elon Musk-led company, which…
White House weighs Commerce Secretary Lutnick’s ouster amid Nvidia export concerns: Report – CNBC TV18
Senior White House officials are discussing whether Commerce Secretary Howard Lutnick should be pushed out amid a spy scandal surrounding Nvidia’s now-former CEO Jensen Huang, two people familiar with the situation said on Thursday. A growing number of lawmakers criticised Lutnick for the administration’s refusal…
How Anthropic stacks up against some of the biggest US IPOs – CNBC TV18
Anthropic is set to hold an IPO, giving the company a valuation of up to $1.4 trillion, the latest affirmation of Wall Street’s appetite for AI. The AI lab, best known for its Claude chatbot, and some of its investors are aiming to raise up…
Jensen Huang, Alice Huang and Megaspeed’s balance sheet that grew 90-fold in a year – CNBC TV18
At a party in Taipei in June 2024, Alice Huang reportedly told friends she could get Jensen Huang to show up, according to the New York Times. Nvidia’s chief executive arrived a short while later in his black leather jacket and took a whiskey shot…
Help wanted: AI firms court ex-spies as Nvidia crisis spotlights security risks – CNBC TV18
AI firms are hiring former intelligence operatives to help shield them from espionage, a risk thrust into the spotlight as Nvidia axed its CEO Jensen Huang following reports of two extramarital affairs, one with an alleged Chinese spy. The giant AI firm said its rockstar…
NVIDIA CEO Jensen Huang resigns; Colette Kress to lead company for now – CNBC TV18
Nvidia CEO Jensen Huang has resigned as president, chief executive officer and a member of the board, with immediate effect, the US-based chipmaker said on Thursday, November 12. The company’s board has appointed Executive Vice President and Chief Financial Officer Colette Kress as interim CEO…
Jensen Huang’s 33-year Nvidia run ends: From one month of payroll to a $5 trillion empire – CNBC TV18
For 33 years, Nvidia had only one chief executive. On November 12, that changed. Jensen Huang has resigned as president, CEO and board member of the world’s most valuable chipmaker, effective immediately. CFO Colette Kress will serve as interim CEO while continuing as CFO. Harvey…
How fake government orders can trigger online censorship in India – CNBC TV18
A Reuters investigation into 129 betting websites blocked on the basis of two purportedly fake High Court orders has exposed vulnerabilities in India’s online content takedown system. Digital rights experts Apar Gupta and Mishi Choudhary say the lack of transparency, inadequate verification and pressure on…