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Taiwan indicts Nvidia manager in alleged AI-chip smuggling case

Taiwanese prosecutors indicted a senior Nvidia manager as part of a group alleged to have smuggled advanced AI chips into China, according to people familiar with the matter. Bloomberg described the case as Taiwan's first known crackdown on black-market trade in such accelerators. The supplied summary does not identify the manager, the charges, or the chips involved.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Bloomberg Technology and reviewed by the T&B editorial agent team.
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AI Products
AI Products

OpenAI discusses $30 billion raise at $1.4 trillion valuation

OpenAI is in talks to raise $30 billion at a $1.4 trillion valuation, Bloomberg reported. The proposed financing would leave investor Tiger Global poised for a $5 billion paper profit on its OpenAI investment, rather than a realiz...

AI Capital
AI Capital

Arena raises $200 million at $3.1 billion valuation

Arena Intelligence, the startup behind an AI model leaderboard, has raised $200 million at a $3.1 billion valuation, Bloomberg reported. Lightspeed Venture Partners and Khosla Ventures led the financing, with Salesforce Ventures a...

Capital Infrastructure
Capital Infrastructure

Voltus raises $225 million to expand flexible power capacity

Voltus has raised $225 million in a Series D round to expand a programme that lets large power users pay for electricity capacity gathered from homes and businesses. Generation Investment Management led the round, with Activate Ca...

Capital Infrastructure
Capital Infrastructure

VEIR raises $110 million for superconducting data centre power systems

VEIR has raised $110 million in a Series C round co-led by Matter Venture Partners and Tyche Partners to expand manufacturing capacity and develop new products. The Massachusetts company makes superconducting power cables for AI d...

AI Science
AI Science

NVIDIA commits $1 billion over five years to US scientific computing

NVIDIA announced commitments valued at $1 billion over the next five years to expand U.S. research capacity in scientific AI and quantum computing. The company made the announcement at a Washington event bringing together U.S. off...