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Story of the day
Jensen Huang Resigns as Nvidia CEO Amid Scandal
Nvidia shares fell to $162.85 from an October record of $239.24 as the board investigated Huang’s relationships and reported links to Megaspeed, which faced scrutiny over suspected chip shipments to China.
CFO Colette Kress is interim CEO.
Top stories
Italy Fines Meta €805 Million Over Facebook Photo Access
About 20 million Android users were affected by Facebook’s gallery-based post suggestions, which used a single app-wide permission without clearly explaining that phone photos and videos could be used for the feature.
Fireworks AI Breach Exposes Uber Drivers’ License Data
State notices count at least 7,870 affected people in Massachusetts, South Carolina and Rhode Island; California and Illinois residents were also notified, but their totals are unknown.
Model releases
Meituan releases LongCat-2.5 agent model weights
About 48 billion of the model’s 1.6 trillion parameters are active per token, and its API supports up to one million input tokens.
Meituan’s guide uses 194 Huawei Ascend chips, while its benchmark results put it near some Western models on agent tasks.
More in AI
Bessent Calls for Outside CEO at Nvidia
At least $7.5 billion in Nvidia chips reportedly reached China through Singapore-based Megaspeed and its Malaysian subsidiary over two years, prompting questions about whether shell companies were used to evade U.S. export restrictions.
Megaspeed Brokered Nearly $12 Billion in Nvidia Chip Orders for China
The orders involved several hundred thousand chips subject to US export controls, shipped to Chinese buyers with ties to local tech giants.
Megaspeed reportedly secured scarce supply through its Nvidia cloud-partner status and Alibaba business.
OpenAI Launches ChatGPT Wallet for AI Shopping
At launch, only U.S. ChatGPT Pro subscribers with eligible bank cards can use its Dots agents to shop; users review each order and approve payment with Face ID or a fingerprint.
More in Robotics
OpenAI Dissolves Its Standalone Robotics Team
Research staff are moving under Chief Research Officer Mark Chen, while applied robotics and hardware employees will join the Applied organization led by Greg Brockman.
More in Markets
Jensen Huang Weighs Return as Nvidia CEO
Several Silicon Valley allies are lobbying for Huang’s return, while investors Brad Gerstner of Altimeter and Gavin Baker of Atreides urged Nvidia’s board to take its time choosing a successor.
More in Tech
Microsoft outage disables hotel chlorine alerts, sickening 15
The sauna’s chlorine warnings depended on email and could not reach operators during the Microsoft cloud disruption. Four guests were hospitalized, showing how an online service failure can interrupt a safety-critical system.
