The MODIV Group releases latest MODIV Mindset highlights

The ex-Nvidia C.E.O. was a bridge between companies and governments. His exit will reverberate, especially in China where it could accelerate a self-reliance drive.

Critics say Howard Lutnick, the commerce secretary, and his department have shielded Nvidia as concerns have grown over A.I. chip sales to firms like Megaspeed.

Jensen Huang’s abrupt resignation from Nvidia has cast uncertainty over the US chip giant’s multibillion-dollar investments in open-source artificial intelligence, while potentially depriving Chinese developers of one of their most influential advocates in Washington. His departure could prompt Nvidia to scale back spending on open-weight models and their supporting infrastructure, analysts said, although strong commercial incentives would likely keep the company committed to the broader...

A head-on collision between a container truck and a passenger bus killed at least 23 people, including three children, in eastern India on Friday, a police official said The crash took place on a highway bordering Kaziranga National Park in the northeastern state of Assam. The road is a designated animal corridor, where strict speed limits are in place. “The total number of casualties is 23,” said Swapneel Deka, the local district police chief. Assam Chief Minister Himanta Biswa Sarma said he...

China could retaliate with tighter rare earth export controls if Washington further restricts chip sales in the wake of the Nvidia saga, Chinese analysts say, though they expect broader US-China trade talks to remain on track ahead of a planned meeting between the two countries’ leaders next week. Following Jensen Huang’s resignation from Nvidia on Thursday amid reports of multiple extramarital affairs, attention now turns to whether Washington will further tighten semiconductor export controls...

Malaysia’s decision to pivot to Turkey for anti-ship missiles after Norway cancelled a procurement deal has offered it a way out of a costly setback, though analysts warn the episode has exposed its vulnerability to foreign export controls and highlighted the need for greater defence autonomy. The planned switch to Turkey’s Roketsan Atmaca missile system for the Malaysian navy’s littoral combat ships (LCS) reflects Kuala Lumpur’s growing defence ties with Ankara, even as questions remain over...

For years, Jensen Huang was more than Nvidia’s CEO – he was a key figure driving the artificial intelligence boom, parlaying close ties with Asian chip foundries and aggressive financial backing into an unprecedented global buildout of data centres. Following his sudden resignation, the industry is confronting two immediate questions: without Huang’s personal relationships in Taiwan and South Korea, can Nvidia defend its priority access to scarce chipmaking and memory supply? And will it...

Indonesia’s upper house of parliament will pick the country’s new vice-president on December 2, its speaker said on Friday, after the dramatic resignation of Gibran Rakabuming Raka, the president’s deputy and the son of his predecessor. Gibran’s ‌resignation this week, which analysts say could widen the gulf between President Prabowo Subianto and former president Joko Widodo, followed a month of increasing political pressure from lawmakers after Indonesia’s top courts ruled that he had...

The rise of Zhang Shengmin suggests that China’s top brass remains embroiled in investigations, potentially complicating preparations for war over Taiwan.

A scandal involving Nvidia founder Jensen Huang and an alleged Chinese spy is putting Malaysia’s booming data centre industry in Washington’s crosshairs, as US lawmakers demand tighter controls on advanced artificial intelligence chips. Malaysia is among the Southeast Asian economies facing potential fallout from the controversy surrounding Singapore-based Nvidia chip buyer Megaspeed and its Malaysian subsidiary Speedmatrix, amid concerns that American technology may have been diverted to...

Jensen Huang resigned as chief executive officer of chipmaker Nvidia following an affair with an alleged Chinese spy, boosting the odds of tighter US export controls against China days before the countries’ leaders are due to meet. Huang left the company he founded in 1993 with immediate effect, according to a statement on Thursday. Chief Financial Officer Colette Kress will act as interim chief executive while the board looks for a permanent replacement to head the world’s second-biggest...

Tech titan Jensen Huang, dressed in his signature leather jacket, has always carried the charisma of a rock star during his public appearances around the world. That allure runs deep in South Korea, where he has had viral dinners at local fried chicken joints as onlookers jostled for a glimpse of the AI chip visionary. But that admiration turned to dejection for some fans in the East Asian nation after Nvidia announced on Thursday that Huang had resigned as CEO amid reports of three extramarital...