Thomas Hawk posted a photo:
Charlotte Web shares a report from the Associated Press: A shareholder has sued Nvidia and its CEO, Jensen Huang, accusing them of deceiving investors in their responses to media reports about Huang's affair with a purported Chinese spy that threatens national security. [...] The news reports said that the Commerce Department was investigating Alice Huang's company, Singapore-based Megaspeed, on suspicions that it was helping to sidestep U.S. export restrictions blocking Nvidia chips from being sold to China. But Nvidia said then that its compliance team checked and determined that Megaspeed wasn't doing anything illegal.
But, according to the complaint, the statements were misleading because they were made when Jensen Huang was having an affair with Alice Huang, who is "suspected of seeking to help smuggle Nvidia products into China." It accuses Nvidia and Huang of failing to disclose the affair and issuing false statements about Nvidia's relationship with Megaspeed, which posed a "material risk" to Nvidia's reputation and business prospects.
[...] "As a result of Defendants' wrongful acts and omissions, and the precipitous decline in the market value of the Company's securities, Plaintiff and other Class members have suffered significant losses and damages," the complaint said. Had investors known the truth, they wouldn't have purchased Nvidia's shares "at the artificially inflated prices that they did, or at all," the complaint said. "Fun fact: Nvidia donated $25 million to Trump's White House ballroom fund," notes Slashdot reader Charlotte Web.
UPDATE: The New York Times reports that Huang also also had an extramarital relationship with Kimberly Powell, the company's vice president of health care and a direct report.
But, according to the complaint, the statements were misleading because they were made when Jensen Huang was having an affair with Alice Huang, who is "suspected of seeking to help smuggle Nvidia products into China." It accuses Nvidia and Huang of failing to disclose the affair and issuing false statements about Nvidia's relationship with Megaspeed, which posed a "material risk" to Nvidia's reputation and business prospects.
[...] "As a result of Defendants' wrongful acts and omissions, and the precipitous decline in the market value of the Company's securities, Plaintiff and other Class members have suffered significant losses and damages," the complaint said. Had investors known the truth, they wouldn't have purchased Nvidia's shares "at the artificially inflated prices that they did, or at all," the complaint said. "Fun fact: Nvidia donated $25 million to Trump's White House ballroom fund," notes Slashdot reader Charlotte Web.
UPDATE: The New York Times reports that Huang also also had an extramarital relationship with Kimberly Powell, the company's vice president of health care and a direct report.
Read more of this story at Slashdot.
Harmonic Automata is an audio/visual toy I created for myself to take breaks during the day. All the technical heavy lifting was done by Opus 5.5. Just open it and start making stuff. [via mefi projects]
The delicate mission to save an endangered shrub using "sperm donors".
In the Blue Mountains of New South Wales, an endangered shrub is struggling with fertility. A team of scientists hopes the plant equivalent of IVF can help.
Ukrainian wins 3-6, 6-2, 6-2 after eight-minute timeout
‘I tried to direct this anger towards the ball’
Elina Svitolina staged a remarkable comeback to beat Karolina Muchova and remain in the hunt for the WTA Finals title.
The Ukrainian looked to be on her way out of Indian Wells when she was a set down and required an eight-minute medical timeout. But she recovered to win 3-6, 6-2, 6-2 and stay in with a chance of reaching the semi-finals.
Continue reading...Colom takes victory by razor-thin margin in state that hasn’t elected a Democrat to the Senate since 1982
Democrat Scott Colom pulled off one of the biggest upsets of the midterm elections when he defeated Cindy Hyde-Smith, the incumbent Republican senator, to become the first Black senator in Mississippi elected since 1875, after more than a week of vote counting in one of the country’s most reliably red states.
Colom opened up a narrow lead over Hyde-Smith late on election night. His lead widened as election officials counted provisional ballots. Hyde-Smith was not able to close the gap.
Continue reading...Group attending Veterans Day ceremony sharply reminded by sentinel to maintain ‘silence and respect’ at sacred site
A US army sentinel guarding the Tomb of the Unknown Soldier loudly reprimanded the embattled US defense secretary, Pete Hegseth, and his top staffers on Wednesday, after some in the group were heard laughing and talking near the memorial following a Veterans Day ceremony.
According to video captured by the TV network pool, Hegseth was with his wife, Jennifer, chief of staff Ricky Buria, deputy chief of staff Patrick Weaver and senior adviser and deputy assistant Tami Radabaugh walking up the steps in front of the memorial after posing for pictures. A laugh is audible, prompting the guard to yell: “All visitors will maintain an atmosphere of silence and respect at all times.” Hegseth looked over his shoulder in the direction of the soldier as he continued walking up the steps.
Continue reading...