The fallout from Nvidia CEO Jensen Huang's admission of an matter continues.
On Monday, shares of Nvidia cut approximately 5% a day following Nvidia's commission stated it was examining reports that Huang was the mark of a Chinese spy campaign.
The female at the center of the allegations is Alice Huang, who has been an administrator for Megaspeed, an Nvidia customer. The New York Times reported in delayed October that US intellect officials accept Alice Huang, who developed a near association alongside the Nvidia CEO, was passing data to Beijing.
Several news outlets, including Business Insider, have since reported on another important developments.
Here are the highlights:
• The Commerce Department stopped an inquiry into Megaspeed following receiving an email from Nvidia's broad advise asking concerning the monthslong probe, The New York Times reported. The case was abruptly transferred to the Justice Department, the outlet reported.
• In first 2025, Alice Huang and a endeavor partner were pitching China-based investors on a Southeast Asia data center project "worth multiple hundred myriad dollars," The Financial Times reported. The brace told investors they would have "no issue securing GPUs," one capitalist who was current for the throw told the publication.
• The Nvidia CEO started operating alongside Heller, a PR resolute known for directing leaders through sex scandals, as first as October 2025, Wired reported. Risa Heller, the emergency communications expert who founded the firm, has earlier worked alongside the likes of erstwhile Rep. Anthony Weiner and chef Mario Batali. Wired noted that Heller additionally handles company communications that are unrelated to scandals.
• Jensen Huang is no longer expected to appear at Anthropic's CEO forum on Monday, and his name disappeared — and afterward reappeared — from the speaker lineup for ElevenLabs' gathering on Wednesday, Business Insider's Henry Chandonnet and Geoff Weiss reported.
• Similarly, Madison Huang, Jensen's female and a elder Nvidia executive, abruptly dropped out of an AI-focused event in Seoul, Bloomberg reported.
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Business Insider tells the innovative stories you desire to know
Brent Griffiths is a elder newsman at Business Insider who covers AI and tech. Previously, he worked at the Washington Post. He started his occupation at Politico.
