US SCRUTINY
Is Kimberly Powell still at Nvidia? What we know, and don’t, about the executive named in the Jensen Huang report
Nvidia’s Jensen Huang faces scrutiny over rumored romantic involvement with executive Kimberly Powell, both of whom are believed to be married. Their reportedly affectionate behavior at a recent conference raises eyebrows, especially in light of Nvidia's strict code of conduct against conflicts of interest. Huang's past relation with a suspected Chinese intelligence affiliate adds to the concern about corporate ethics. Nvidia has yet to confirm Powell's status within the company.
IBM's H-1B move, US tech layoffs: Why is it getting harder for Indians to work and settle in America?
IBM's decision to halt H-1B and green card sponsorship for many US consulting roles raises significant concerns for Indian professionals seeking long-term careers in the US. As scrutiny on foreign worker hiring intensifies, maintaining employment and progressing towards permanent residency becomes a multifaceted challenge for affected workers, who must navigate complex immigration processes and uncertain job security.
Nvidia approaches Arm Holdings CEO Haas to take over Jensen Huang's job, Elon Musk backs Huang's reinstatement
According to Financial Times, citing people familiar with the matter, Haas, who has headed the SoftBank-backed British chipmaker since 2022, is among the names being considered by Nvidia's board as it explores leadership options following Huang's departure.
Jensen Huang exit and US scrutiny imperil $3 billion in Chinese AI projects reliant on Nvidia
The projects, stretching from China's wealthy coastal technology hubs to remote western provinces, reveal the scale of continuing demand for Nvidia hardware even as Washington seeks to curb Beijing's access to the technology powering the global artificial-intelligence boom.
Jensen Huang controversy puts Southeast Asia’s AI chip trade under scrutiny
Southeast Asia's data-centre operators are preparing for increased scrutiny following controversies involving a former Nvidia executive. Reports link Jensen Huang to a businesswoman suspected of espionage for China, prompting legislative action. US lawmakers are pushing for more restrictions on China's access to advanced AI chips, affecting data centres in Malaysia and Singapore. As a result, companies may face tighter regulations for chip exports and data operations.
Nvidia fallout throws spotlight on Southeast Asia's AI boom
US lawmakers from both parties are pushing for tougher restrictions on China's access to advanced artificial intelligence chips after the Huang scandal increased scrutiny of Nvidia's role in US national security.
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India orders audit of electronic waste recyclers to catch fake compliance
India has ordered audits of more than 2,000 waste recyclers, including 309 electronic waste processing units, amid concerns over inflated recycling claims and forged compliance documents. The inspections will cover machinery, plant operations, electricity consumption and production records. The move is aimed at tightening oversight of the e-waste sector and ensuring companies such as Apple, Samsung and LG meet recycling obligations.
Jensen Huang exit and US scrutiny imperil $3 billion in Chinese AI projects reliant on Nvidia
Despite US export restrictions impacting Nvidia, demand for its processors in China persists across numerous projects. Reports indicate over $3 billion in Chinese projects are centered around Nvidia's restricted chips. While the company claims it is excluded from the market, investigations reveal ongoing procurement from various sectors.
US Congress steps up scrutiny of Trump, Nvidia after Huang exit
US lawmakers have demanded answers from the Trump administration over what it knew about former Nvidia CEO Jensen Huang's alleged affair with a woman suspected of spying for China. The controversy has renewed scrutiny of US chip exports to Beijing, national security risks and alleged links between Nvidia and the administration.
US returns over $12 billion in oil proceeds to Venezuela since Maduro's ouster, report says
The Trump administration has reported returning over $12 billion in oil revenue to Venezuela as of September 30. Almost all funds from oil sales have been directed to support infrastructure and humanitarian needs. The U.S. Treasury managed the escrow account from which these funds were disbursed following approved requests. Various payments were made for essential supplies and services, including healthcare-related equipment.
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.
US stocks: US stocks closes lower as Nvidia slide outweighs energy rally
US stocks closed lower as Nvidia’s decline following CEO Jensen Huang’s departure outweighed a rally in energy shares. The S&P 500 fell 0.34%, the Nasdaq lost 0.40% and the Dow declined 0.36%, while retail investors made a record $111 million opening bid for Nvidia shares.
Kalshi ends Donald Trump Jr's advisory contract due to Polymarket conflict
Prediction-market platform Kalshi has ended Donald Trump Jr.’s advisory role by mutual agreement after his venture-capital firm, 1789 Capital, increased its investment in rival Polymarket. Discussions began after 1789 Capital led Polymarket’s latest funding round, according to a Kalshi spokesperson.
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 after 33 years: Board names Colette Kress interim CEO amid affair reports and China probe allegations
Jensen Huang resigns: Jensen Huang has resigned as Nvidia CEO with immediate effect after leading the chipmaker for 33 years. CFO Colette Kress will serve as interim CEO as the board begins its search for a permanent replacement. His departure comes amid reports about alleged relationships and scrutiny over Nvidia's links to companies suspected of evading US export controls.
US proposes tougher H-1B visa extension scrutiny and over 2 lakh foreign worker petitions could be affected annually
The US Department of Homeland Security (DHS) has proposed removing a rule that requires immigration officers to give weight to previous approvals when reviewing certain work visa extension applications. The change could affect around 208,429 petitions annually, including H-1B, L-1, O-1, TN and E visa categories. If finalised, the proposal would allow USCIS officers to reassess applications even when workers remain with the same employer in unchanged roles.
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.
'National security' fears raised in US Congress as 'Spy scandal' puts Nvidia CEO Jensen Huang's position under scrutiny
Nvidia CEO Jensen Huang is facing mounting pressure from US lawmakers amid allegations of an affair with a woman suspected of having links to Chinese intelligence. Congressman Jamie Raskin said Congress is concerned about whether the alleged relationship compromised US national security, particularly amid scrutiny of Huang's lobbying efforts to ease restrictions on AI chip sales to China.
Nvidia chips getting diverted to China: Donald Trump crackdown on companies following consultations with Elon Musk stalled by US Commerce Secretary
This comes after a controversy surrounding Nvidia CEO Jensen Huang and the chipmaker's China business has spiraled into a national-security and political storm.
Jensen Huang pulls out of Anthropic and ElevenLabs events after affair admission as Nvidia investigates Alice Huang's alleged China spy links
Nvidia CEO Jensen Huang is no longer expected at Anthropic’s CEO Forum and has disappeared from the ElevenLabs Summit lineup. The changes come after he admitted to being unfaithful to his wife and as Nvidia’s board investigates whether he was targeted by a foreign intelligence operation linked to reports involving executive Alice Huang.
Nvidia earnings next Tuesday, Congress on Wednesday: Jensen Huang faces the most consequential 48 hours of his career
Nvidia CEO Jensen Huang faces mounting scrutiny as the company prepares to report earnings on November 17 and Republican lawmakers seek a congressional briefing the following day. An independent board investigation into his relationship with Alice Huang, who is suspected of Chinese intelligence links, has added to questions about national security and chip sales.
Nvidia CEO Jensen Huang faces leadership questions as Republican senator calls for his resignation
Republican Senator Kevin Cramer has called for Nvidia CEO Jensen Huang's resignation over concerns surrounding his reported affair with a Chinese businesswoman suspected of links to Beijing's intelligence agencies. The controversy has raised corporate governance and national security questions, with experts warning of mounting scrutiny as Democrats prepare to take control of Congress.
How Nvidia CEO Jensen Huang's extramarital affair could cause collateral damage in Washington
The affair between Nvidia CEO Jensen Huang and a Chinese businesswoman suspected of spying for Beijing has triggered investigations in the US, raising concerns over national security and the security of sensitive AI technology. The controversy has drawn scrutiny from Congress, the Justice Department and Nvidia's board, with President Donald Trump also weighing in.
Nvidia's clubby board faces a sticky 'honey pot' test
Nvidia's CEO Jensen Huang is under investigation after allegations of an affair with a suspected Chinese spy. The company's board of directors is facing scrutiny regarding its independence to investigate the CEO's conduct. American national security concerns are heightened due to Huang's close ties with political figures, including Donald Trump. Nvidia's advanced semiconductor technology is critical in the competitive AI landscape.
Jensen Huang's price of secret affair: NVIDIA CEO loses $7.4 billion in 30 minutes, drops 2 spots in top 10 richest list
Nvidia CEO Jensen Huang lost an estimated $7.4 billion in net worth, and slipped two spots to number 10 on Forbes' billionaire rankings, all in a span of 30 minutes. The AI-chips revolutionary admitted Monday to having an affair with a Singapore-based executive alleged to be a Chinese spy. Nvidia has done business with the firm, and a probe into the repationship is underway in the United States.
A blue brake on Trump's red agenda: Tariffs, spending and debt face a 'Democratic' reckoning in the US
Democratic control of Congress from January 2027 could constrain President Donald Trump's legislative agenda, increase scrutiny of his tariff policies and complicate fiscal decisions, Fitch's BMI said. While Trump retains executive powers over trade and immigration, prolonged funding negotiations and a potential debt-limit confrontation could raise financial market volatility.
Trump's close ties to Nvidia's Huang scrutinized after foreign intelligence concerns
Huang is one of Trump's closest allies in Silicon Valley, and the relationship between the two dates to at least 2025. Over the past two years, he has repeatedly voiced support for the administration's agenda and become a regular presence in Washington as Nvidia sought to sell advanced chips to the Chinese market.
Alice in Nvidia CEO's secret world: Jensen Huang's personal affair matters far beyond than what meets the eye
Concerns about national security have emerged regarding Nvidia CEO Jensen Huang and a Chinese businesswoman, Alice Huang. US intelligence suggests Alice may have gathered information for Beijing after forming a close relationship with Jensen. Nvidia's advanced processors play a crucial role in AI and military applications, making them strategically significant in US-China relations. Congressional inquiries are seeking clarity on Nvidia's security protocols regarding foreign espionage risks.
Singapore confirms a probe into Megaspeed but denies investigating Alice Huang over spy claims; how is Nvidia CEO Jensen Huang linked to the controversy?
US media reports have alleged that Nvidia CEO Jensen Huang developed a 'close relationship' with an alleged Chinese spy. US intelligence believes Alice Huang was recruited by China's Ministry of State Security (MSS). The alleged relationship was reportedly mentioned in a memo. Singapore has reportedly rejected the claims that Alice Huang was investigated by its authorities.
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