‘Chinese spy’ affair wipes $395bn off Nvidia, UK expected to cut EV targets


Nvidia has lost almost $400bn (£298bn) in value
after its boss with a woman suspected of being a Chinese spy. Shares in Nvidia sank more than 8pc as trading got under way in New York on Monday, wiping more than $395bn off the value of the chip-making giant. The blow comes after AI fears knocked $433.8bn off the stock last week. Investors have questioned whether Jensen Huang should continue to lead the $4.5tn (£3.4tn) semiconductor company after admitting to the affair with Alice Huang, a Chinese businesswoman who allegedly passed information to Beijing.

Ministers are expected to make steep cuts to the government’s electric vehicle (EV) targets this week, in a move that will relieve carmakers but alarm many Labour MPs who are worried about the government’s commitment to the green agenda. Louise Haigh, the de facto deputy prime minister, will finalise the plan after a crunch meeting in Downing Street on Wednesday to settle a long-running dispute between the transport, energy and business departments. Haigh is expected to agree to cut a target for EV sales by about a quarter, government sources say. The Guardian 

Tesla Cybercab is going to get some pretty substantial updates, including improvements to efficiency and a new color. CEO Elon Musk said in a post on X on Saturday that Tesla would be working to refine the Cybercab even more, following the announcement during the week that the company would eliminate the Cybertruck lines within Giga Texas for more Cybercab manufacturing capacity. “There are efficiency improvements coming that will allow for a 40kWh Cybercab pack,” Musk posted on X. “We will make this in liquid silver, so the colors are not too monotonous.” Teslarati

Vinted and eBay could be included in the list of platforms set to be banned for children aged under 16, the culture secretary has said. Lisa Nandy said the government was “looking seriously” at including the retailing websites in the social media ban “to keep children safe”. The UK’s social media ban for under-16s is set to come into force in March next year, with children barred from accessing platforms such as Instagram, TikTok and Snapchat. In response, eBay said it was looking forward to “understanding more and continuing to work constructively with the government”. Vinted said it welcomed “open dialogue” with ministers and the regulator on the issue. BBC 

The UK has a “new pair of eyes” in space after it launched a new military satellite into orbit, the Ministry of Defence (MoD) has announced. Titania is the second to go into service after the launch of Tyche in 2024 and two more are planned. said the satellites would mean British forces “can see threats sooner, making the UK safer”. About the size of a washing machine and around 100kg, Titania travels 27,000km/h and orbits the Earth every 90 minutes. It was launched last month on a rocket from California. Sky News 

A few days ago, Honor officially revealed the design of the upcoming 700, 700 Pro, and 700S. All three phones will have a rear display inside the camera plateau, and interestingly, this screen will be able to show your heart rate and blood oxygen level. This has been inferred from the latest teaser image put out by the brand for the series, which shows the heart rate and blood oxygen level…

Honor 700 devices teased to come with an interesting feature on the rear screen

Obviously, there needs to be a sensor on there somewhere, which will take the readings. That might be what we see above the oval-shaped multi-LED flash on this phone’s back, but, again, this hasn’t been officially confirmed. GSM Arena 

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Original source ‘Chinese spy’ affair wipes $395bn off Nvidia, UK expected to cut EV targets

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