CAPE CANAVERAL, Fla. (AP) — A European spacecraft has begun close inspections of an asteroid rammed by NASA four years ago in a planetary defe…
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A rebound for AI stocks lifted the U.S. market. The S&P 500 rose 1.3% Wednesday and got close to recovering all of its brutal sell-off from last week triggered by worries about a potential slowdown for AI businesses. The Nasdaq composite rallied a market-leading 1.6% because of the strength for tech stocks, while the Dow Jones Industrial Average added 0.5%. CoreWeave drove the gains after reporting stronger results for the summer than analysts expected, and the S&P 500 pulled within 2.6% of its record set last month. The U.S. bond market was closed for a holiday, and oil prices rose.
AP
Nvidia CEO Jensen Huang is under scrutiny after revelations of an affair with Chinese businessperson Alice Huang, who's suspected of spying. Nvidia produces crucial AI chips that both China and the U.S. covet, and Jensen Huang's affair has sparked concerns about national security. The Department of Justice is investigating whether a company tied to Alice Huang illegally funneled chips to China. Nvidia's board says there's “no reason to believe” secrets were compromised. President Donald Trump is a supporter of Jensen Huang and has played down the issue. China has denied the allegations that Alice Huang was a spy.
AP
RIO DE JANEIRO (AP) — Brazil’s top electoral court fined Meta’s Facebook $1.3 million for failing to fully comply with judicial orders during …
The tech consultant convicted in the stabbing death of Cash App founder Bob Lee has been sentenced in San Francisco to 16 years to life to prison. In 2024, a jury found Nima Momeni guilty of second-degree murder. He has remained in custody since his arrest nine days after the April 4, 2023, killing. Before imposing the sentence on Tuesday, the judge rejected Momeni’s request for a new trial. His attorneys have said they plan to appeal. Momeni maintains that he acted in self-defense and that Lee was the one who attacked him with a knife
BRUSSELS (AP) — Prince Harry urged tech companies to be more transparent about issues involving children as he and his wife, the former Meghan…
A shareholder has sued Nvidia and CEO Jensen Huang, accusing them of deceiving investors about Huang's affair with a purported Chinese spy. The lawsuit, filed Monday, claims the affair threatens national security. President Donald Trump said the FBI is investigating the matter, which Huang has admitted to and apologized for. Concerns have arisen that Beijing may be using the affair to access Nvidia microchips, crucial for AI development but restricted from export to China. The complaint, filed in California, alleges Nvidia misled investors about the affair's impact. Nvidia did not immediately comment. Shares fell about 5.5% on Tuesday.
WASHINGTON (AP) — A judge must narrow an order requiring LinkedIn to divulge journalists' communications on the social media platform to the T…
Investigations into whether Nvidia’s CEO was targeted by a Chinese intelligence effort are raising questions about the future of the chipmaker. Nvidia became one of the world’s most valuable companies by providing technology that powered the artificial intelligence boom. Jensen Huang has been synonymous with the brand since he co-founded it more than 30 years ago. The company now faces potential damage to its reputation and stock price, uncertainty over a possible successor and new scrutiny from shareholders and elected officials. With a valuation of more than $4 trillion, the company has outsized importance on Wall Street.
Anyone following Anthropic's plans to sell shares to the public is likely to hear terms thrown around that describe steps and components of an…