Searchable News & Info From Reliable Online Sources.
- Democratic senators demand NVIDIA records from Trump administration over alleged...
Two Democratic senators are demanding that the Trump administration preserve records related to NVIDIA following reports that the company's CEO had a relationship with a suspected Chinese spy.Sens. Elizabeth Warren, D-Mass., and Chris Coons, D-Del., sent a letter Wednesday to Secretary of State and National Security Advisor Marco Rubio, White House Chief of Staff Stephen Miller and Commerce Secretary Howard Lutnick, calling on the administration to preserve documents, communications and other records related to NVIDIA's exports of advanced AI chips to China and potential national security risks.The request comes days after NVIDIA's embattled CEO Jensen Huang acknowledged that he had been unfaithful to his wife in a relationship involving a woman described in reports as a suspected Chinese intelligence operative.Huang's admission followed reports linking him to Megaspeed executive Alice Huang, who has been described as an alleged Chinese intelligence asset.NVIDIA PREPARING TO REPLACE CEO JENSEN HUANG AS SECOND ALLEGED AFFAIR EMERGES: REPORTThe letter adds to mounting scrutiny over the administration's handling of NVIDIA chip exports and the allegations surrounding Huang, as Democratic lawmakers question what senior officials knew about the reported intelligence concerns and how they responded.Warren and Coons said their inquiry followed reporting that senior Trump administration officials were aware of intelligence suggesting Huang had a relationship with a suspected Chinese intelligence operative, raising questions about whether appropriate national security precautions were taken."This incident raises significant concerns about the federal government's ability to effectively enforce our export controls and protect our national security," the senators wrote."Reports suggest that officials within the government – including at the White House, State Department, and Commerce Department – were aware of concerns about NVIDIA, its relationship with Megaspeed, and the suspected Chinese intelligence operation, yet did not move to block the continued flow of advanced AI chips to Megaspeed or other companies affiliated with the suspected operative," they continued.NVIDIA STOCK FACES RARE DOWNGRADES AS BOARD INVESTIGATES CEO JENSEN HUANG'S ADMITTED AFFAIRThe senators also questioned whether "prudent defensive counter-intelligence action was taken or national security recommendations were overruled."Megaspeed, the lawmakers noted, is a Singapore-based company that has reportedly purchased more than $4.8 billion in advanced NVIDIA AI chips since June 2024.The senators also cited reports that Megaspeed is under investigation by the Department of Justice for "potentially diverting advanced AI chips to China in violation of U.S. export controls."They further pointed to reporting that a separate Commerce Department investigation involving the company was altered… [TheTopNews] Read More.2 hours ago - UK economy grows at fastest rate for more than two years
The UK economy grew by 0.7% in the three months to September, according to official figures. [TheTopNews] Read More.2 hours ago - Are branded cold and flu tablets REALLY worth the extra money?Are branded cold and flu tablets REALLY worth the extra money? [TheTopNews] Read More.3 hours ago
- Gas bills to rise as Middle East turmoil persistsGas bills will increase by about 5% from 1 December, Island Energy announces. [TheTopNews] Read More.3 hours ago
- Tech Giants Invest in German Robotics Start-Up at $8.5 Billion Valuation
Agile Robots plans to expand in the United States and increase production in Europe after raising funds in a round led by SoftBank. [TheTopNews] Read More.4 hours ago - Polymarket confirms layoffs as prediction market giant undergoes major restructu...Prediction market platform Polymarket has laid off employees and terminated contractor agreements as part of a broader restructuring, the company confirmed to FOX Business.The cuts primarily affected Polymarket's marketing, customer experience and engineering teams, a person familiar with the matter said.A Polymarket spokesperson said the company has made personnel changes as it prepares for its next phase of growth."As we've grown and brought on new leadership, we've reorganized to set the company up for its next phase of growth, which has meant a lot of new hires, changes in personnel and letting some people go," the spokesperson said.PEPSICO TO CUT ABOUT 1,000 NORTH AMERICAN JOBS AS IT SEEKS TO IMPROVE PERFORMANCE"We're grateful to the team that got us here, and we'll keep growing as we build what's next."More than half of those affected were contractors, while some full-time employees were also let go, according to a person familiar with the matter.Polymarket also disputed reports suggesting that 30% of its workforce had been cut, calling that figure inaccurate. However, the company did not disclose the percentage of its total workforce affected by the cuts.The restructuring drew attention after an internal email notifying contractors that their agreements were being terminated began circulating on X.US ECONOMY ADDS 165,000 JOBS IN OCTOBER, BLOWING PAST EXPECTATIONS"As part of a company-wide reduction in force, we've made the decision to end your contractor agreement with Polymarket effective November 4, 2026," the email read, according to Reuters.The email was sent to contractors, not full-time employees, according to a person familiar with the matter.The personnel changes come as Polymarket has brought in new executives, including Warren Jenson, who was named the company's first chief financial officer in September.Former Uber executive Travis VanderZanden also joined the company as chief growth officer earlier this year.The restructuring followed a period in which the company's new leadership team evaluated staffing needs and how departments should be organized, according to a person familiar with the matter.The changes also come as Polymarket faces growing competition from rival prediction market platform Kalshi, which has overtaken Polymarket in monthly trading volume, according to Reuters. [TheTopNews] Read More.5 hours ago
The Searchable USWebDaily.com and TheTopNews NewsBank Helps You Be Better Informed, Faster! Spread The Word.
