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Nvidia shares fall after ‘honeytrap’ investigation launched, as China denies spying claims – business live

Boss of world’s most valuable company admits affair as it investigates reports he was the target of ‘a foreign intelligence effort’ Nvidia opens investigation after report CEO Jensen Huang was target of foreign intelligence Huang is receiving support from some fellow tech executives, including Elon Musk. Musk commented “I agree” on a post by ​Sequoia partner Shaun Maguire that said Huang “did something incredibly dumb” that was “bad for America” but that “Jensen is irreplaceable for America’s AI leadership”. “While Nvidia has sought to reassure us all, ​there are several layers here, beginning with the unfortunate timing. “For example: The company is systemically important for tech, markets and the economy; Investors tend to struggle to price in key-person and governance issues; and there are fluid national security and geopolitical dynamics.” Continue reading...

The Guardian · 12h ago
Apollo Opens European Loan Arm With ADIC Cash, Meissner as Chair

Apollo Global Management Inc. is launching its €10 billion ($11.2 billion) private-credit arm for Europe with backers including the Abu Dhabi Investment Council, plus a chairman known to the region: veteran investment banker Christian Meissner.

Bloomberg · Nov 2