EU tech chief: AI chip access limited to 'very trusted partners' amid Nvidia crisis
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A Commerce Department inquiry into Singapore-based Megaspeed's purchases of advanced Nvidia AI chips was halted after a top Nvidia executive contacted Commerce officials, and the case was transferred to the Justice Department. This marks a notable deviation from standard export-control enforcement, raising questions about corporate influence on regulatory processes. The transfer suggests potential criminal referral or a shift in investigative strategy, but the underlying allegations and Nvidia's role remain unclear.
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Nvidia's market capitalization has dropped over $400 billion following reports of an investigation into CEO Jensen Huang's affair with Alice Huang, a Chinese businesswoman alleged by US intelligence to be a Chinese spy. Jensen Huang has admitted to the affair, and Nvidia's board has launched an internal security audit, while China denies the espionage allegations. The full scope of the probe and its implications for national security and corporate governance remain unclear.
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