Nvidia ‘honeytrap’ scandal rocks AI industry as tech stocks recover from slump – business live
The Guardian's business live blog follows an apparent honeytrap scandal rocking the AI sector: Nvidia is investigating reports that CEO Jensen Huang was targeted by a foreign intelligence effort linked to China's Ministry of State Security via Alice Huang of Singapore-based Megaspeed, and Huang has told staff he was unfaithful to his wife. AI-linked shares recovered on Wall Street, with the Nikkei up 2.2% and Taiwan's TAIEX up almost 5%, while Trump and Bill Ackman offered Huang support.
