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How $160 million worth of export-controlled Nvidia chips were allegedly smuggled into China
On Dec. 8, Federal prosecutors in Texas unsealed documents that revealed an investigation into a massive smuggling network that stretched across the U.S. and the world. Dubbed “Operation Gatekeeper” by the feds, the investigation wasn’t focused on drug smuggling or stolen goods but rather an alleged secret, underground network of suppliers for Nvidia‘s graphic processing […]
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Nvidia-Groq deal is structured to keep ‘fiction of competition alive,’ analyst says
Nvidia founder and CEO Jensen Huang looks on as US President Donald Trump speaks at the US-Saudi Investment Forum at the John F. Kennedy Center for the Performing Arts in Washington, DC on Nov. 19, 2025. Brendan Smialowski | AFP | Getty Images It’s been two days since news broke that Nvidia was spending $20 […]
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Exclusive: Nvidia buying AI chip startup Groq for about $20 billion in its largest acquisition on record
Jonathan Ross, chief executive officer of Groq Inc., during the GenAI Summit in San Francisco, California, US, on Thursday, May 30, 2024. David Paul | Bloomberg | Getty Images Nvidia has agreed to buy Groq, a designer of high-performance artificial intelligence accelerator chips, for $20 billion in cash, according to Alex Davis, CEO of Disruptive, […]
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Waymo will update driverless fleet after San Francisco blackout to improve navigation during outages
A Waymo car is halted on the road amid a power outage in San Francisco, California, U.S., December 20, 2025, in this screengrab obtained from a social media video.d Reuters Three days after a blackout in San Francisco caused Waymo to pause its driverless car service, the Alphabet-owned company said it’s updating its fleet so […]
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Former Trump advisor Dina Powell McCormick leaves Meta board after eight-month stint
Dina Powell McCormick, who was a member of President Donald Trump’s first administration, has resigned from Meta’s board of directors. Powell McCormick, who previously spent 16 years working at Goldman Sachs, notified Meta of her resignation on Friday, according to a filing with the SEC. The filing did not disclose why McCormick was stepping down from […]
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Oracle stock jumps 7% as cloud provider joins investor group to run TikTok’s U.S. business
Oracle‘s stock jumped 7% Friday after the cloud provider joined a group of investors slated to lead TikTok’s U.S. operations. In a memo to employees Thursday, CEO Shou Zi Chew said the social media company’s U.S. division will be run by a joint venture that includes Oracle, Silver Lake, and Abu Dhabi-based MGX. The deal […]
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Trump Media to merge with fusion power company TAE Technologies in $6 billion deal
Trump Media and Technology Group on Thursday announced a merger agreement with TAE Technologies, a fusion power company, valued at more than $6 billion. The all-stock deal, expected to close in mid-2026, will result in shareholders of each firm owning approximately half of the combined company. The merger would create “one of the world’s first […]
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California judge rules that Tesla engaged in deceptive marketing around Autopilot
Tesla electric vehicles (EV) in front of the company’s store in Colma, California, US, on Monday, Nov. 10, 2025. David Paul Morris | Bloomberg | Getty Images A California administrative law judge recently ruled recently that Tesla’s marketing around its “Autopilot” and “Full Self-Driving” systems had been deceptive, and that the company should face a […]
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Instagram TV app coming to Amazon Fire streaming device
Instagram has installed a new privacy setting which will default all new and existing underage accounts to an automatic private mode. Brandon Bell | Getty Images Instagram users will now be able to watch Reels short-form videos on bigger screens. Meta said Tuesday that the company will begin testing its Instagram for TV app in […]
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AI infrastructure selloff continues on Wall Street as Broadcom, Oracle shares slide
Broadcom CEO Hock Tan. Lucas Jackson | Reuters In at least one corner of the artificial intelligence market, sentiment has turned decidedly negative. Broadcom, CoreWeave and Oracle, three companies intimately tied to the AI infrastructure buildout, all had another rough day on Wall Street on Monday after selling off sharply last week. While the three […]
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