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Tech News
Nvidia's board of directors announced an independent investigation following reports that CEO Jensen Huang was targeted by a foreign intelligence operation. A committee of independent directors, working with outside legal counsel, will lead the review, and Huang has agreed to cooperate fully.
OpenAI received about $11 billion by November 6, 2026, the first tranche of a round priced at a $1.25 trillion pre-money valuation, CFO Sarah Friar confirmed on television. SoftBank and Abu Dhabi's MGX participated, with reports suggesting the round could eventually grow to $20 billion or more, though remaining terms and lead investors haven't been disclosed. OpenAI did not comment on the funding.
Nvidia is celebrating the 20th anniversary of its GeForce 8800 GTX and 8800 GTS launch with a free interactive Steam experience called '20 Years of a Legend.' Built by effects artist Dylan Browne in Unreal Engine, the demo simulates unboxing the original card but demands modern hardware—at least an RTX 4070, with RTX 5080 recommended—plus 32GB of RAM and 30GB of storage.
The New York Times reports that two Chinese firms, New Matrix and Maginfra, approved to buy Nvidia H200 chips, operate out of empty offices unknown to building receptionists and nearby workers. Public records tie New Matrix's founder, Li Bin, to Wise Road Capital, a US-sanctioned private equity firm, and to Tsinghua Unigroup and New H3C Semiconductor Technologies, both flagged by US authorities.
US intelligence officials believe Alice Huang, a Chinese businesswoman whose company Megaspeed bought billions in Nvidia chips, was recruited by China's Ministry of State Security to gather information on American AI chips and potentially sway Jensen Huang toward advocating for China's access to advanced processors. Trump was reportedly briefed on the relationship last year but did not act, and House committee leaders have now asked Jensen Huang to discuss the matter in a closed briefing.
A memo circulated this year and reported on by the New York Times and Financial Times claims China's Ministry of State Security recruited Alice Huang, an executive at Singapore-based Megaspeed, to spy on Nvidia CEO Jensen Huang. The Financial Times additionally reported the memo alleged a romantic relationship between the two. Nvidia told the New York Times that Jensen Huang's contact with Alice Huang was 'not unusual' and that it does not share classified information with customers.
GPU makers are redirecting manufacturing capacity toward AI chips, triggering a memory shortage that has driven up prices for graphics cards and related components. JP Morgan projects DRAM prices will rise 400 percent between 2024 and the end of 2026, while Tom's Hardware reports Nvidia's RTX 5090 now sells for nearly $5,000 above its original $1,999 price. The price surge has also hit consoles, laptops and resale markets, with PC shipments falling as a result.
The New York Times reports that Alice Huang, a Chinese businesswoman with close ties to Nvidia CEO Jensen Huang, was recruited by China's Ministry of State Security to gather intelligence on U.S. AI chip technology. U.S. intelligence agencies reportedly surveilled her for at least a year, and President Trump was briefed on her relationship with Jensen Huang but did not act. Her company, Megaspeed, made a multibillion-dollar purchase of advanced Nvidia chips around the time she was photographed with him in Taipei in 2024.
The Financial Times reports that US intelligence believes Nvidia CEO Jensen Huang had a romantic relationship with Alice Huang (also known as Huang Le), a Megaspeed executive suspected of working for China's Ministry of State Security. Megaspeed, linked to a web of Chinese-connected firms, has separately been accused of smuggling $2 billion in AI chips into China through its subsidiary Speedmatrix, a claim Nvidia denies having any ties to.
The New York Times reports that Alice Huang, an executive at Singapore's Megaspeed, was recruited by China's Ministry of State Security to gather intelligence on Nvidia CEO Jensen Huang and potentially sway US chip export policy. The Financial Times separately reports US officials believe the two were romantically involved, a detail shared with President Trump before his Beijing trip but allegedly never disclosed to Jensen Huang himself.
Three Republican House committee chairs have requested a closed-door briefing with Nvidia CEO Jensen Huang following reports that Megaspeed executive Alice Huang, no relation, was allegedly recruited by Chinese authorities partly due to her personal relationship with him. The lawmakers cite reporting from The New York Times and The Wall Street Journal alleging Megaspeed, a Singapore-based data center firm, funneled information to Beijing while buying billions of dollars worth of Nvidia chips despite being accused of smuggling advanced silicon to China since 2024.
TSMC publicly rejected a report from The Information claiming it was exploring 3D DRAM production at Nvidia's request amid global memory shortages. The company stated it remains a pure-play logic foundry, though the original report cited two sources saying TSMC had begun preparing plans for the initiative under VP Hsu Kuo-chin, a former Micron Taiwan executive.