AI INVESTMENTS SOUTHEAST ASIA
Fallout from the Nvidia scandal may dampen the exuberance around the AI boom
Nvidia CEO Jensen Huang resigned following reports of personal scandals, including extramarital affairs. His departure raised uncertainty in the AI sector and prompted rivals to consider increased competition. Competitors like Advanced Micro Devices and Broadcom saw share price gains on the news.
US probes alleged spy Alice Huang over suspected Super Micro chip smuggling to China: Report
The US Justice Department is investigating Alice Huang, suspected of potentially spying on ousted Nvidia CEO Jensen Huang, over whether entities linked to her helped smuggle Super Micro products into China. The probe, led by Manhattan prosecutors, adds another dimension to a widening semiconductor smuggling and espionage investigation involving Nvidia.
Investors reassess US data centre bets after 'Blue Tsunami'; some look at India, other alternatives
This may not affect projects currently underway, but the data centre business has been driving growth for several companies in the US lately “and now there is looming concern over how this might play out,” said the executive who did not wish to be named.
PM heads to Manila for ASEAN, E Asia, Quad summits
Prime Minister Narendra Modi will visit Manila from November 16–18 to attend the ASEAN-India Summit, East Asia Summit and the maiden Quad Summit under Trump 2.0. Discussions are expected to focus on regional security, critical minerals, technology and resilient supply chains, with India-ASEAN trade currently at around $122 billion.
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.
Investors worry the AI trade needs Nvidia's Huang and its largesse
Nvidia's shares fell 8% following concerns about CEO Jensen Huang's leadership amidst personal controversies. Investors fear his potential ouster may impact the company's support for AI developments and market strategies. Chipmakers across Asia also experienced declines due to funding risks and demand outlook fears. Despite uncertainties, analysts believe Nvidia's core technology will remain central to AI market growth.
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Investors worry the AI trade needs Nvidia's Jensen Huang and its largesse
Investors worry that a change in leadership at Nvidia might affect the company’s support for the AI market. Reports of CEO Jensen Huang’s extramarital affairs have led to speculation about his future. As Nvidia’s board deliberates over Huang's fate, the market reacts with cautious sentiment.
Chinese AI firms rush to secure Nvidia chip capacity as spy scandal stirs fear of US curbs
Chinese artificial intelligence companies are actively seeking to rent Nvidia-powered computing capacity from overseas data centres. They are motivated by fears of stricter US export controls and political controversies surrounding Nvidia's CEO. Major cloud providers and smaller AI labs are exploring international options to maintain access to advanced processors.
Why is Nvidia so powerful in the AI world, and what could Jensen Huang's scandal really cost?
Nvidia's CEO Jensen Huang has recently admitted to an extramarital affair, and the woman involved, Alice Huang, has been accused of being a Chinese spy. The company's share price tumbled after the affair was revealed and is reportedly under criminal investigation. The industry is known for its circular financing schemes, with investors already fretting over whether AI investments can ever return profits.
Meta, TikTok join Google to push back on Indonesia's planned AI copyright law revisions
If the bill is passed, Indonesia could become the first country in Southeast Asia to incorporate AI in its copyright law, as governments globally grapple with the impact of the technology on copyright rules, including the use of work created by humans to train AI models.
ET AI Business Transformation Masterclass heads to IIM Bangalore to decode enterprise AI adoption
The AI Business Transformation Masterclass & Awards 2026 at IIM Bangalore will feature leaders from IndusInd Bank, PhonePe, PepsiCo, Shadowfax, Myntra, Shopify, NVIDIA and other organisations. Sessions will cover agentic AI, voice technology, supply chains, contextual commerce and physical AI, followed by the ET Most Innovative AI Product Awards 2026.
Global credit conditions to weaken next year: Moody's
Moody’s Ratings expects global credit conditions to weaken in 2027 as higher financing costs and elevated energy prices create pressure across sectors, even as major economies continue to grow. The agency said tariffs, regulation, export controls and strategic government investment will increasingly shape credit risks, trade and capital allocation. Higher refinancing costs are likely to weigh on highly leveraged borrowers and those facing near-term maturities, while banks and life insurers could benefit from higher rates.
Jensen Huang is bigger than Nvidia — and it’s a problem
Nvidia has initiated an investigation regarding CEO Jensen Huang after acknowledgment of a romantic involvement with a Chinese spy. This revelation has raised questions about the company's future stability and ongoing projects. Investors are apprehensive about key-person risk due to Huang's significant influence on Nvidia’s operations and strategy.
How China gets the Nvidia chips it needs to develop AI
Nvidia's dominance in the global AI chip market has come under scrutiny as US export restrictions fail to fully prevent China from accessing advanced processors. Chinese firms are reportedly obtaining Nvidia chips through smuggling and overseas data centres, while domestic players such as Huawei race to develop competitive alternatives.
Jensen Huang row gives US lawmakers fresh ammo on chip controls
Members of the US Congress have urged for for tighter congressional oversight of advanced chip exports to China and legislations mandating companies to track chips to tackle smuggling.
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.
Is AI selloff a window to buy? Morgan Stanley sees multiple buying opportunities on Wall Street
Morgan Stanley sees the recent AI stock selloff as an overreaction and recommends selectively buying the dip across hyperscalers, semiconductor and infrastructure companies. The brokerage expects some US data centre projects to shift from 2028 to 2029 following Democratic election victories, potentially extending the AI capital expenditure cycle and reshaping investment opportunities.
BPO jobs on a seesaw as bots call the shots
Voice AI is driving call centres even as hiring grows, but the shift towards complex tasks leaves freshers scrambling for a new career ladder.
'The end customer is Alibaba': Anonymous claim links Malaysia’s YTL AI Cloud to Nvidia–Megaspeed scandal - what’s actually proven
Nvidia Jensen Huang Megaspeed investigation: An anonymous employee cited by short seller Culper Research has claimed Alibaba was the end customer behind a data centre project involving YTL and Megaspeed. The allegation adds to scrutiny of Megaspeed’s Nvidia-powered cloud business as the chipmaker’s board investigates national security concerns involving CEO Jensen Huang.
Between the chip and the slip: Honeytrap suspicions further sours ties between US and China
Nvidia's CEO Jensen Huang is being investigated for having an alleged affair with a potential Chinese intelligence agent. This individual reportedly sought to gather information about Nvidia's advanced technology. Nvidia's board has launched an independent probe to examine the allegations against Huang. US lawmakers are demanding a briefing on the matter amid heightened concerns over national security.
French Ardian raises over $1 billion to invest in semiconductor makers
Chips are central to AI advances, with governments increasingly backing homegrown companies to secure sovereign technology. The platform, named Ardian Semiconductor, will invest in companies across the whole chain of making computer chips.
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.
Nvidia CEO Jensen Huang's secret affair: Why did US intelligence suspect Alice Huang of spying for China?
Alice Huang, a Chinese entrepreneur, is under scrutiny for alleged connections to the Ministry of State Security in China. US intelligence suspects she could have obtained confidential insights about Nvidia's CEO, Jensen Huang, raising questions about her impact on Nvidia's chip sales. As a precaution, Nvidia's board has begun evaluating its relationship with Huang and her enterprise amidst growing concerns over China's tech ambitions.
Manipur CM urges students to shun agitation, choose dialogue to resolve crises
Manipur Chief Minister Yumnam Khemchand Singh inaugurated an AI-Enabled Career Intelligence Hub for student career guidance. He urged students to avoid agitation and focus on dialogue to resolve conflicts peacefully. Singh highlighted the importance of honesty, sincerity, and hard work in shaping future careers and aspirations.
AI investment cycle may have peaked, Jefferies warns; raises India allocation to 14%
According to a recent Jefferies report, global investment in artificial intelligence appears to be facing a mid-cycle correction. Although US tech giants have ramped up their capital spending, there are growing concerns regarding both financing and profitability. This situation may adversely impact US economic growth. Investors are advised to explore opportunities outside the AI realm, especially in healthcare and biotechnology sectors.
Google acquires Wyoming data center site from AI infrastructure firm Crusoe
Google has acquired Crusoe's data center site in southeast Wyoming, the AI infrastructure developer said on Friday, a day after the Alphabet unit announced a $17-billion investment in the project.
SoftBank credit default swaps hit 4-year high as AI profitability concerns mount
SoftBank Group’s five-year credit default swap spread climbed to a four-year high as investors grew increasingly concerned about the profitability of artificial intelligence investments. Rising borrowing costs, questions over returns from its OpenAI investment and uncertainty surrounding AI infrastructure spending have added to credit market concerns.
Google unveils $15 billion data centre investment in Malaysia
Google announced plans on Wednesday to invest $15 billion in Malaysia over the next two years to build data centres and other infrastructure as demand booms for artificial intelligence services. It said the $15 billion investment will be made "over the next two years (2027 to 2028)", expanding on a $2 billion investment announced in 2024.
From enterprises to SMBs: How Flashfox AI plans to change the hiring game
GetWork’s AI hiring business, now spun off as Flashfox AI, is targeting 500 enterprise clients in the next 24 months as it expands into Southeast Asia and the Middle East.
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