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Story of the day
Nvidia's board has not decided Jensen Huang's future
Directors ended their meeting without a decision as they investigate allegations involving the CEO's relationships and chip shipments to Chinese companies.
Nvidia shares fell more than 8% after reports that the board was weighing his removal. Huang has led the company since co-founding it, and there's no clear succession plan.
Top stories
TSMC plans to invest in OpenAI and Anthropic
Reuters reports that the proposed purchases cover up to $500 million in OpenAI preferred stock and another $500 million in Anthropic shares at its expected IPO price.
TSMC makes most of Nvidia's AI chips, and both labs buy large amounts of hardware built with them.
OpenAI's quarterly revenue reportedly passed $10 billion
Bloomberg reports that sales rose nearly 50% from the previous quarter, while the company's adjusted operating margin improved but remained deeply negative.
OpenAI has also expanded its business products as it tries to catch Anthropic in the enterprise market.
Model releases
Baidu previews a new model for longer AI tasks
ERNIE 5.5 Flash is available to developers through Baidu's Qianfan and a free OpenRouter endpoint.
Baidu demonstrated it building a game and working with design software, but says the model is still being trained after its initial release. Downloadable weights are planned, with no release date yet.
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SoftBank takes a $3.7 billion hit after canceling turbine orders
The gas turbines were reserved for power projects including a planned plant next to an OpenAI data center in Ohio. SoftBank says it canceled the orders, but CFO Yoshimitsu Goto denies Elon Musk's claim that the company defaulted.
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The EU wants apps to let you switch off endless scrolling
The proposed Digital Fairness Act would also let people turn off autoplay and persistent prompts, while restricting gambling-like purchases for children. It still needs approval from EU lawmakers and member states.
Companies that break the rules could face fines of up to 6% of global annual revenue.
A second relationship involving Nvidia's CEO is under scrutiny
The New York Times reported that Jensen Huang had a relationship with healthcare vice president Kimberly Powell, who reports to him.
The report comes as Nvidia's board investigates his admitted affair with a Megaspeed executive whom US officials suspect of spying for China. Nvidia's rules discourage relationships between superiors and subordinates.
More in AI
Gemini is coming to Apple CarPlay
A new Gemini icon lets you start a voice chat from the dashboard or pick up one you began on your iPhone.
You can ask for a briefing based on Gmail and Calendar, but you'll need the latest Gemini app and must have used Gemini Live on your phone first.
Grok Build links exposed thousands of apps and their data
Security firm Claroc found more than 35,000 accessible apps through links recorded in public DNS databases. Some contained employee records, medical results and customer proposals.
SpaceXSI removed its own exposed apps after being notified, but Claroc said other organizations' apps remained open.
More in Startups
British AI chip startup Fractile raises $720 million
The funding values the company at about $7 billion, according to the Financial Times and a Reuters source.
Fractile is designing chips that stack memory alongside processing hardware, and CEO Walter Goodwin says it plans to ship its first chips and systems next year.
