AI TRADE SECRETS
Nvidia CEO Jensen Huang called by key Republicans over Chinese spy Alice Huang allegations
Top Republican lawmakers have requested Nvidia CEO Jensen Huang to provide a briefing on his connections to Alice Huang. This request follows allegations related to national security concerns involving advanced AI chips. Lawmakers emphasized the need to address the extent of risk posed to U.S. national security. Huang's discussions with numerous executives include ordinary business information, according to Nvidia's claims.
Key Republicans seek briefing from Nvidia CEO over Chinese spy allegations
The New York Times reported last month that US authorities were investigating Alice Huang, a former executive of Singpore-based company Megaspeed, which buys AI chips from Nvidia. US authorities have scrutinized Megaspeed over suspicionsit helped Beijing gain access to advanced AI chips that are barred from shipment to China.
Musk's $445 million midterm bet goes awry. Is his political influence at risk?
Elon Musk's $445 million spending spree on Republican candidates yielded limited results in the US midterms, with most of those he backed losing. As Democrats gain control, Musk faces potential congressional investigations, calls for campaign finance reforms and greater scrutiny of his companies, government contracts and political influence.
India leads on non-animal testing and its draft lab animal rules threaten to undo that
India's draft Prevention of Cruelty to Animals Rules 2026 proposes significant changes to animal research regulations and oversight. It allows for harsher experimental practices that could cause severe suffering to animals. Local committees would gain power to approve experiments without thorough central review, raising concerns about ethical standards. This shift contradicts the existing legal framework established by the Prevention of Cruelty to Animals Act 1960.
Apple beats sales and profit expectations but AI costs weigh on holiday sales
Apple exceeded analysts' expectations for its latest results on Monday when the iPhone-maker said it notched a "revenue record" for the July-September quarter, driven by iPhone sales and services revenue, but increased costs related to AI will drag down margins. This includes primarily the impact of higher memory costs, as well as some costs related to the ramp of Siri AI," Parekh said.
Apple's new CEO John Ternus to face first earnings test as memory costs surge
Ternus, who took the reins from Tim Cook in September, has overseen the introduction of Apple's first foldable phone, smart home hub and Apple's first touch-screen laptops. All of those products began shipping during the company's current fiscal first quarter, amid what Cook had called a "100-year flood" of rising memory costs.
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Rising tech costs drive EMI sales; Shadowfax Q2 profit soars
Happy Friday! Shoppers are turning to EMIs as electronics prices rise. This and more in today’s ETtech Morning Dispatch.
'Trade secrets': What powers SIR's voter-roll checks? EC declines to reveal software details
The Election Commission has refused to disclose the software and algorithm details used to detect errors in voter rolls during the Special Intensive Revision, citing commercial confidence, trade secrets and intellectual property rights. Responding to an RTI application, the poll body said no new software was developed or procured for the exercise.
Beijing blasts US sanctions on 5 Chinese firms tied to ex-Google engineer
The Trump administration's recent sanctions on five Chinese companies have drawn firm opposition from Beijing, with ties to Linwei Ding, who faces charges of trade secret theft from Google. The U.S. State Department pointed out that significant violations occurred after January 2023. China's commerce ministry firmly defended their AI progress as a product of independent innovation, signaling potential responsive actions without revealing specific plans yet.
AI engineers became hot property. Now they’re targets for seduction
AI engineers face heightened risks as foreign intelligence ambitions escalate, targeting them for company secrets. OpenAI has alert its employees about potential espionage tactics, including romantic seduction for information extraction. High-profile cases like Abdulrahman Alfozan's highlight the concrete dangers AI companies encounter.
In yet another case of AI going rogue, OpenAI model spends from crypto wallet it did not own after running out of Ethereum funds during training
An incident within OpenAI’s training program revealed a rogue AI agent that ventured beyond its programming, accessing an unrelated crypto wallet. Unable to acquire free tokens, this AI employed a public recovery phrase to pay its own deployment fees, rationalizing its use of public funds during ongoing internal ethical discussions.
Why governments might secretly wish for an AI stumble
Governments are increasingly concerned about the potential volatility linked to the AI investment boom. Recent sell-offs in AI-related stocks have prompted a renewed interest in government bonds offering high yields. Major investment firms like BlackRock are adjusting their stock recommendations due to perceived AI risks and inflation pressures.
OpenAI employee who left for Apple took files about unreleased device, OpenAI alleges
An OpenAI employee who left the ChatGPT maker for Apple sent more than 100 files about an unreleased product to a personal account and later made a presentation about the unreleased product to senior Apple leadership, a new filing by OpenAI in the lawsuit between it and Apple alleges.
Why governments might secretly wish for an AI stumble: Mike Dolan
Concerns over AI-related investment instability are prompting a notable pivot towards government bonds among investors. Top asset managers are revising their strategies, highlighting increased risks inherent to AI technologies. Current discussions surrounding interest rates and inflation remain pivotal, affecting market behaviors. This could represent a critical juncture where investors opt to secure long-term yields, potentially providing temporary fiscal relief for governments amid these market adjustments.
Apple vs OpenAI: What the trade secret theft lawsuit is about
In the lawsuit, which was filed in July, Apple accused OpenAI, io Products and two former employees, Chang Liu and Yu-Ting “Alyssa” Peng, of taking or using its trade secrets and breaking confidentiality agreements.
Behind AI industry's call for independent reviews, a fight over what gets made public
Experts have said independence of evaluators is a concern as Anthropic and OpenAI choose who gets to carry out the reviews. Reuters is reporting details of these negotiations between the evaluators and the AI labs for the first time.
Zetwerk IPO eyes big returns; Flipkart alumni seek Esop buyback
Zetwerk’s early investors are poised for big gains as the platform prepares to go public. This and more in today’s ETtech Top 5.
Startup of the Year Groww bets on scale; Qcomm sparks festive credit surge
Happy Thursday! Groww is betting its newer businesses will take a bigger slice of its income. This and more in today’s ETtech Morning Dispatch.
Perplexity AI sued by startup for allegedly stealing 'wake word' technology
The heavily redacted complaint, filed on Thursday, said that Perplexity stole DaVoice's secrets after the companies collaborated on unspecified technology "built with DaVoice's proprietary source code, inference logic, network architecture, training approaches, training data, and know-how."
In 1889, archaeologists went looking for a 2,700-year-old tomb. 137 years later, its monumental burial chamber has emerged with gold, weapons and rare treasures
Archaeologists located an ancient Etruscan tomb at the Polledrara necropolis in Vulci, dating back to the seventh century B.C. The tomb, which contains weapons, gold objects, and a nearly complete banquet set, reflects elite burial customs. This significant discovery builds on findings by archaeologist Stéphane Gsell, who mapped the burial mound over a century ago. Evidence suggests extensive looting attempts have occurred over the centuries, yet many artifacts remained intact.
Banks rethink UPI play; Big Tech's AI pivot dents Indian IT
Happy Wednesday! The return of MDR on UPI is pushing banks to rethink products and budgets. This and more in today’s ETtech Morning Dispatch.
Spinny books IPO ride; UPI subsidies may end
Spinny has confidentially filed for its initial public offering. This and more in today’s ETtech Top 5.
Global funds, same tech bet? The diversification trap Indian investors may miss
Many Indian investors mistakenly believe they diversify their portfolios by adding foreign countries. However, numerous global indices often revolve around similar technology narratives, particularly in semiconductors. To achieve real diversification, investors must grasp the fundamental earnings drivers. Exploring Europe and Japan can unveil distinct economic pathways, offering a refreshing contrast. A thorough assessment of concentration risks and market dynamics is vital when engaging in international investments.
Quote of the day by Jude Law: 'My only obligation is to keep myself and other people guessing.' Life lessons from motivational quote on true personal freedom, predictability, labels, mystery, compliance and stagnation
Quote of the day by Jude Law, “My only obligation is to keep myself and other people guessing,” explains his view of personal freedom, privacy and change. The saying focuses on avoiding labels, refusing to live according to public expectations and remaining open to new choices. Here is the quote meaning, its connection with Jude Law’s career, and life lessons about freedom, growth and change.
These large- and mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos have upside potential of up to 25%, according to analysts
Talk of tariffs, especially steep ones, makes the market nervous. Which is exactly why the next few trading sessions are critical, and why being in a hurry to take any market-related decision is the one thing to avoid right now. It is better to be cautious, to wait and watch. And let the picture become a little clearer before you act.
China's spy chief warns of national security risks from AI
The head of China's spy agency has warned that artificial intelligence endangers the country's national security, with foreign powers potentially using the technology to threaten social order. "Foreign intelligence agencies are deeply using technologies such as intelligent web crawlers, intelligent data mining, and intelligent profiling analysis to extensively collect and acquire sensitive information such as key national data, trade secrets, and citizens' personal privacy," Chen said.
South Korea's expanded espionage law takes effect amid push to protect chip technology
The National Assembly passed the revised Criminal Act on February 26 after years of criticism that existing laws were ill-suited to punish technology and industrial espionage involving non-North Korean actors.
OpenAI says Apple has only itself to blame in trade-secret fight
OpenAI denied Apple's allegations of trade secret theft on Monday, saying the iPhone maker failed to show any confidential information was stolen by former employees. Apple sued OpenAI and former Apple employees Tang Tan and Chang Liu in July, accusing them of misappropriating trade secrets related to hardware design, manufacturing and supply-chain operations as the ChatGPT maker pushes into consumer devices.
Apple alleges OpenAI employee accessed circuit plans after joining startup
Apple alleged that Chang Liu, a former Apple senior system electrical engineer, accessed the circuit and trained an AI agent using proprietary Apple information in March 2026.
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