AI HARDWARE
Chinese AI stocks, hardware suppliers slide as Nvidia CEO exit fuels US-China chip fears
Chinese AI and semiconductor stocks decline amid concerns over Nvidia leadership changes and tighter US chip export restrictions. Fears of disrupted technology access intensify pressure on AI developers and hardware suppliers, while domestic chipmakers gain.
Post-Gen Jensen Nvidia: A smooth leadership transition needed
The scale of Huang’s indiscretions outweighs anything reported so far in corporate history. Nvidia is the world’s 2nd most-valuable company, and reached $5.6 tn peak value — before the scandal broke. Investors have lost $600 bn this week. This matters, because of the weight Nvidia and fellow technology stocks have in the US500. The effects are rippling through AI and technology stocks to the broader market and risk throttling investment. An AI slowdown will squeeze US growth and intensify fiscal stress.
Jensen Huang resigns from Nvidia: Who is Johny Srouji, the Israeli-born Apple chip chief linked to his possible replacement?
Jensen Huang resigns: Johny Srouji, Apple's chief hardware officer, may be considered for the upcoming CEO position at Nvidia. He has extensive experience leading Apple's custom silicon development over the past two decades. Nvidia is currently in search of a new permanent CEO following Jensen Huang's departure from the role. Interim CEO Colette Kress has been appointed to oversee the company's leadership transition.
China is the biggest loser from Jensen Huang’s downfall
Jensen Huang’s reported links to a suspected Chinese spy and concerns over Nvidia chips reaching Chinese companies could trigger tighter US export controls, putting further pressure on China’s AI industry.
Colette Kress for now, but who next? Inside the race to become only the second CEO in Nvidia’s history
As Jensen Huang steps down as Nvidia CEO following two controversies involving his reported relationships with two women, the question is, "who will lead the AI chipmaker next?" Nvidia has named CFO Colette Kress as interim CEO, but who could get the job permanently? From Ian Buck to Rene Haas, several names are now in the succession discussion. Here is the story behind the new race to become only the second CEO in Nvidia’s history.
Karnataka weighs AI infra, funding push for women-led startups after founder feedback
The Department of Electronics, IT & Biotechnology hosted a Women Entrepreneurs' Mixer on Thursday, bringing together startup founders and ecosystem leaders to discuss the challenges of building and scaling technology, DeepTech and biotechnology ventures.
AI to stay dominant force behind US business investment in 2027, Goldman says
Goldman Sachs forecasts that artificial intelligence-related spending will reach approximately $1.4 trillion by the end of 2027. This spending is expected to represent nearly 4% of the US economy. The brokerage anticipates AI will drive significant business investment growth, with an estimated total exceeding $900 billion by the end of 2026. Furthermore, AI investment is projected to enhance capital expenditure and GDP growth rates in 2027.
Nvidia CEO succession: Who could replace Jensen Huang if board ousts him?
Nvidia's board is reportedly weighing a leadership change involving CEO Jensen Huang, with CFO Colette Kress and veteran executive Ian Buck emerging as potential successors. While Kress could serve as interim CEO, Buck is seen as a leading technology-focused candidate. Arm CEO Rene Haas is also in the succession conversation.
Who is Kimberly Powell? Nvidia vice president who had extramarital affair with CEO Jensen Huang allegedly
Kimberly Powell, Nvidia's vice president of healthcare, has been named in a New York Times report alleging that CEO Jensen Huang had an extramarital relationship with her. Powell joined Nvidia in 2008 and now leads its worldwide healthcare business, covering AI, medical imaging, life sciences and drug discovery.
Qcomm’s Diwali boost; Energy startups attract funds
Happy Wednesday! Quick commerce powered a strong festive season for D2C brands. This and more in today’s ETtech Morning Dispatch.
ByteDance prepares Meta's Muse-like agent in push to close AI gap
ByteDance is preparing to release an AI assistant similar to Muse by Meta Platforms soon. Co-founder Zhang Yiming has shared his vision of competing with companies like Anthropic and OpenAI by 2030. The company intends to invest up to $70 billion in developing the Seedance video AI platform.
Anthropic IPO: Why are Nvidia, Google, Microsoft and AMD investing billions in their own AI competitor? What Big Tech stands to gain from the Claude maker
Anthropic IPO: Anthropic is set to receive a significant $26 billion investment through its upcoming IPO from several technology companies. Major contributors include Google, Nvidia, and AMD, each seeking commercial advantages. This financial backing will support Anthropic's expansion and operational needs, including increased computing infrastructure. The participating companies aim to benefit from Anthropic's growth while addressing their own strategic interests in the AI market.
US-China AI race could face financial setbacks, mass layoffs over next three years: Report
The report highlighted, the global artificial intelligence (AI) race is increasingly becoming a contest between China's state-led approach and the US market-driven model.
Moonshot AI rents Nvidia’s top AI chips in China, documents show
Documents indicate that Moonshot AI possibly accessed advanced Nvidia chips despite US export restrictions and related investigations. The servers were reportedly rented from Super Micro Computer Inc. with significant financial backing from Lingmeixin Technology Co.
Beyond Nvidia: Alice Huang’s reported ties to Gigabyte’s leaders and a data-centre business serving Alibaba
China's alleged spying operation targeting Nvidia CEO Jensen Huang goes beyond one executive. A New York Times investigation links Alice Huang, reportedly recruited by China's top intelligence agency, to Gigabyte's leadership and a Singapore-based data-centre company serving Alibaba. The operation allegedly aimed to gather information on Nvidia's advanced AI chips and influence their exports to China.
Arunoday Singh-headed O-Health secures strategic funding
O-Health has received strategic funding from several investors to advance its healthcare technology solutions. The company aims to enhance its voice-first AI-enabled clinical pre-assessment platform for better patient information management. The investment will support the expansion into additional healthcare sectors and development of indigenous AI models and clinical hardware. O-Health plans to broaden its focus to include preventive health technologies and intelligent hospital workflows.
TSM stock rallies as Nvidia reportedly turns to TSMC for advanced memory chips - can it challenge Samsung, Micron and SK Hynix?
TSM stock today: TSMC stock climbed more than 6% in early trading Friday after a report said the chipmaker is considering manufacturing advanced 3D DRAM chips at Nvidia's request. The potential move could expand TSMC's role in the AI hardware market as memory shortages increase competition among leading chipmakers.
Ex-Ultrahuman executive launches AI ring startup Aina for agentic interactions
The startup said it is positioning the device as an alternative interface to smartphones for everyday interactions with AI systems. It has spent the past 15 months developing the product and is now opening pre-orders globally, with prices starting at $399 (about Rs 36,000), the startup said in a statement.
Carl Pei teases Nothing’s first AI-native product; says it 'couldn't have been an app'
Nothing will launch its first AI-native product in December with a focus on productivity. The chief executive, Carl Pei, provided limited details about the product’s functions. It is suggested that the product may help users capture conversations and take notes. Other companies are also exploring wearable AI devices that focus on companionship or productivity.
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