CHINESE INNOVATION
All about China's CE-25A electric aircraft that can fly at 300 kmph and just completed its maiden piloted flight
China's CE-25A electric commercial aircraft carried out its maiden piloted flight in Binzhou, Shandong province. The aircraft is designed for short-distance travel and can carry up to 19 passengers. Developed by the Commercial Aircraft Corporation of China, it plans to increase regional connectivity. The aircraft successfully met all performance indicators during the test flight with two pilots onboard.
'We are all humans': Staff seek Nvidia CEO's return
Following Jensen Huang's abrupt resignation as CEO of Nvidia amid allegations of extramarital affairs, employees have rallied to reinstate him, citing his significant contributions to the company's success in AI technology. The board's decision has faced scrutiny, with many advocating for transparency and suggesting any resignation should have awaited the conclusion of investigations.
Amid Jensen Huang's third affair, wife Lori Huang's viral story: She picked his signature jackets and survived a near-fatal engagement-day crash
Amid reports of Jensen Huang's third alleged affair, attention has turned to his wife, Lori Huang. From picking his signature black leather jackets to helping oversee the family's Nvidia fortune, here's what to know about their college romance, her career and the horrific car accident that nearly turned their engagement into tragedy.
Hormones guiding history? Even with Jensen Huang resigning from Nvidia, the chip landscape will be irrevocably changed
The article argues that allegations of Chinese espionage involving former Nvidia CEO Jensen Huang need to be examined for their wider political, military and technological implications. It questions whether the Trump administration will fully investigate the matter, given Huang’s reported political connections and the risk of straining ties with China, which controls over 80% of processed rare earth supplies.
Five facts about APEC with Trump, Putin and Xi set to attend
A summit featuring leaders from the US, China, and Russia is scheduled for next week in Shenzhen. This event marks the third time China hosts the APEC Economic Leaders' Meeting since 2001. Many key global issues including trade, energy security, and geopolitical tensions will likely be discussed. Attendances include notable leaders from Australia, Canada, and several Asian nations, while Taiwan will send its envoy.
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.
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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.
Who is Jay Puri? The Indian-origin executive who may become Jensen Huang's successor at Nvidia
Jay Puri, a seasoned executive with Nvidia since 2005, has transitioned from his executive position to assume the role of senior adviser. With a notable academic foundation from institutions like the University of Minnesota, Caltech, and Harvard Business School, Puri has made significant contributions in various leadership roles. As discussions regarding Jensen Huang's potential succession gain momentum, Puri's credentials position him as a prominent figure.
China urges US to stop 'fabricating' spy narrative over Nvidia
China's Foreign Ministry has called on the United States to stop fabricating stories about espionage related to Jensen Huang. The spokesperson affirmed that China's technological growth stems from its own innovations and cooperative initiatives. They highlighted China's openness to collaborate with the US on fulfilling commitments made by both nations' leaders.
China Central Bank vows stronger policy support to achieve economic growth targets
China's central bank has pledged stronger monetary support and increased policy adjustments to help achieve its annual economic growth targets. The People's Bank of China flagged weak domestic demand, structural challenges and external uncertainties, while promising to keep borrowing costs low and support key sectors, including technology and infrastructure.
India may open doors to multinational pharma firms for first-in-human Phase I trials
India is considering modifications to its pharmaceutical regulatory framework to attract multinational companies for clinical trials. Discussions have commenced regarding allowing these companies to conduct Phase I trials in India. Authorities aim to enhance India's appeal for global drug innovation and development. Strengthening manufacturing compliance over the last two years has also been part of the plan.
Nvidia shares plummet 10% in after-hours trade as investors consider a future without Huang
Nvidia Corp's stock faced a sharp decline following troubling reports about CEO Jensen Huang's personal affairs. With fears of his potential departure looming, investors reacted with caution, prompting multiple financial firms to downgrade Nvidia's ratings and adjust their price projections downwards. Analysts worry that such leadership turmoil could disrupt Nvidia's strategic direction, especially in the rapidly evolving AI sector.
China is building inside Europe's trade walls, deepening its grip on critical industries
(The opinions expressed here are those of the author, the director of the Geoeconomics Program of the Center for the Study of Democracy)- China doesn't
Drugmakers tap China AI app boom to reach doctors as crackdown upends marketing
As scrutiny intensifies, Chinese pharmaceutical companies are shifting gears toward digital marketing initiatives. Traditional face-to-face communications are waning, prompting the industry to embrace AI-fueled applications for connecting with healthcare providers. These tools facilitate compliant relationships, sparking partnerships among health-tech firms to disseminate clinical information through digital channels. This marks a pivotal change in marketing dynamics within the pharmaceutical landscape.
Nvidia scandal rocks tech world Web Summit
Allegations of Chinese spying on Nvidia dominated a top world tech conference on Tuesday, with some executives seeing potential opportunities in the turmoil at the US artificial intelligence chip giant. Chinese technology executives attending the summit highlighted emerging alternatives to Nvidia.
Microsoft presses Trump to scuttle expected ban on Chinese data center technology: Report
Microsoft is lobbying against a proposed ban on Chinese optical transceivers essential for artificial intelligence data centers. The Trump administration's decision could significantly impact the speed of data center development in the US. Industry groups have expressed concerns about potential supply chain disruptions and competitive disadvantages. The Federal Communications Commission is currently deliberating on the implications of this ban.
Microsoft presses President Trump to scuttle expected ban on Chinese data centre technology
Reuters reported in August that the Trump administration wants to ban US imports of new models of Chinese optical transceivers, which allow data to travel over fiber-optic cables at the speed of light within data centers. The concern is that they could be used by Beijing to steal data, install malware or disrupt service at US data centers.
Jensen Huang's wife Lori Huang runs $9.1 billion foundation holding 69 million Nvidia shares; donated $50 million to Oregon State
Lori Huang, wife of Nvidia CEO Jensen Huang, leads a foundation with $9.1 billion in net assets and 69 million Nvidia shares. The foundation has donated millions to charitable causes, including $50 million to Oregon State University. Here's a look at her philanthropy, the foundation's wealth and its major contributions.
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.
How China's clean-tech machine is reshaping the global climate fight
In 2024, China took the lead as the top investor in global clean technology, directing $132 billion to developing nations to aid carbon reduction efforts. This unprecedented infusion of resources could potentially reshape the landscape of international climate finance.
ETMarkets Commodity Talk| A 10% allocation to gold and silver? Motilal Oswal's Manav Modi explains the commodity playbook
In this edition of ETMarkets Commodity Talk, Manav Modi, Commodities Analyst at Motilal Oswal Financial Services, decodes the contrasting moves in gold, crude and copper. He also shares his views on the role of commodities in a long-term portfolio, the common mistakes investors should avoid, and why an allocation of at least 10% to gold and silver could be considered based on an investor's risk profile and investment horizon.
U.S. and Japanese Companies Struggle with Different Parts of AI Adoption—and Offer Different Lessons for Making It Work
Companies in both the U.S. and Japan are struggling to deploy AI, but often in very different ways. In the U.S., deployment is wide but shallow, meaning companies struggle to create real value with AI. In Japan, deployment has moved slowly, but where it has happened, it’s often deep and fruitful. Understanding what’s happening in both contexts offers important lessons for companies trying to develop an AI strategy and demonstrate ROI on their AI investments.
Sinking profits turn China’s $3.5 trillion rout into trap
Chinese stocks are experiencing a significant selloff resulting in a loss of $3.5 trillion since May. Increased competition and declining demand have negatively impacted corporate profits across various industries. Many companies, including major technology firms, are under financial pressure, prompting them to seek additional funding. The third-quarter earnings reports have shown disappointing results, highlighting ongoing profitability concerns. Analysts remain cautious about the potential for economic recovery as consumption remains weak.
India’s business owners need to match the global ambitions of Korean and Chinese peers: Gautam Kumra, Chairman of McKinsey's offices in Asia
McKinsey Asia chairman Gautam Kumra discusses why owner-led businesses have outperformed professionally managed and state-owned peers, accounting for $7 trillion of the $14 trillion in market value created by Asia’s top 300 companies over 25 years. He explains the leadership traits that distinguish founders, succession challenges, AI adoption and why Indian businesses must look beyond domestic markets to build global franchises.
Global Market: China's Lingjun Investment attracts $300 million from overseas investors
China’s Lingjun Investment has raised at least $300 million from US and Southeast Asian investors as it resumes overseas fundraising. Strong fund returns and AI-driven interest support growth, while regulatory scrutiny makes governance and risk management critical.
Cash-strapped China targets offshore wealth with new tax
China has introduced a 20 percent tax on dividends and interest from offshore trusts to combat a fiscal deficit. Wealthy citizens must settle these taxes by Thursday within a 90-day transition period. This measure aims to reclaim billions of dollars held overseas and bolster the economy amidst ongoing financial challenges. Officials emphasize the importance of these taxes in keeping capital within China for technological advancement.
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.
Volkswagen bet on Xpeng to save its China business. It's not going to plan
Volkswagen’s ID. UNYX 08 electric SUV sold poorly, achieving only 267 units per month since its launch. The automaker initially aimed for 3,622 monthly sales but consistently missed this target. Local competitors have gained an advantage by offering advanced technology at lower prices, which has hindered Volkswagen's sales efforts. Despite these challenges, Volkswagen continues to pursue aggressive sales goals for the upcoming UNYX 09 sedan.
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