Nvidia founder and CEO Jensen Huang has admitted to having an extramarital affair as the chipmaker investigates reported allegations that a Chinese businesswoman close to him may have been working for Beijing’s intelligence services. Beijing has rejected the espionage claims as “baseless”, while Nvidia has said it had no reason to believe company secrets or US national security were compromised. The controversy wiped about US$190 billion off the chipmaker’s market value in a single day. US...

Prices for Nvidia graphics processing units (GPUs) are falling in China’s largest electronics market, as traders shrug off the frenzy of market speculation over tightening export controls in the wake of the US midterm elections and the Jensen Huang affair. The US chip giant’s top-of-the-range GeForce RTX 5090 graphics card surged in price last month at Shenzhen’s Huaqiangbei market, but that was mostly driven by rumours that Nvidia was going to halt production to focus on high-end enterprise...

Nvidia is facing an unprecedented valuation test as a board inquiry into CEO Jensen Huang exposes the US chipmaker to a rare key-person risk, while investors also weigh the midterm elections’ potential impact on Washington’s chip controls and AI regulation. The company’s shares slumped 7.3 per cent as markets opened in the United States on Monday, following Huang’s bombshell confirmation over the weekend that he had been unfaithful to his wife and would cooperate with an investigation into his...

DeepSeek’s Harness artificial intelligence agent framework has reached 1.54 million daily active users less than three months after launch, the Chinese AI champion said on Sunday, marking rapid growth in a new battleground between leading Chinese and American AI giants. Users of Harness through the company’s official application programming interface were consuming around 92 trillion tokens a day as of November 4, the Hangzhou-based start-up said. That is equivalent to about 1.1 billion tokens...