Good morning — unless you're Jensen Huang, the CEO of NVIDIA, who is likely to have had a very bad weekend this time, possibly the worst of all time.
Jensen Huang wrote in a statement on Sunday, "I was unfaithful to my wife." Previously, there were news reports indicating that he had a close relationship with Alice Huang (Alice Huang, who is not related to him by blood), who is alleged to be a Chinese spy. Alice Huang once served as a senior executive at a Singapore-based chip client, Megaspeed. "My actions hurt her and our child. There is no excuse for what I did. I deeply regret it."
It’s hard not to frown at such a statement. About ten years ago, when I wrote a feature about Jensen Huang for Fortune magazine, it was clear that he cherished his image as a “family man,” or at least he enjoyed being seen in that light by others. During that reporting trip, I spent time with his wife and two children at NVIDIA’s then-under-construction new headquarters; the last image I have of that visit is saying goodbye to this family of four. (Both of those children later became employees of the company.) I have written about and met many high-profile CEO individuals for this magazine, but Jensen Huang remains the only one who would proudly introduce his core family to me.
Putting aside the personal misconduct of NVIDIA's CEO, what consequences will this uncovered Chinese espionage case bring? We still don't know at this time. NVIDIA's board of directors stated in their statement that neither national security nor trade secrets were compromised. However, the duration of this relationship—US intelligence agencies claim they have been monitoring for "over a year"—still raises questions about the ultimate intentions of the individual accused of espionage. At the same time, this incident undoubtedly causes serious damage to NVIDIA, affecting investors, employees, partners, and customers, especially its star role in the competition to lead global artificial intelligence. Here are more technology news updates. —Andrew Nusca
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Breaking News
Tesla will gradually discontinue production of the Cybertruck, a car once hailed as "the best product ever made".
Elon Musk stated on Friday that Tesla will begin to gradually stop producing Cybertruck around the middle of next year, and instead shift to producing Cybercab. This boxy electric pickup truck was once described by him as the future of this electric vehicle manufacturer.
It has been seven years since this milestone announcement at the grand press conference held by Elon Musk at Tesla's design studio in Hawthorne, California. At that time, the event was accompanied by fireworks displays, and a live demonstration of the car's "armored glass" was conducted; Tesla's chief designer smashed two of the car's windows with steel balls.
"That might be completely wrong. I might be completely off the mark, but I think the Tesla Cyber Truck is the best product we've ever had," Musk said at the time, "That's my opinion."
After previously promising to launch it in 2021 and then delaying it to after 2023, the production volume of this car is still far below the level of 250,000 to 500,000 units per year that Elon Musk once predicted for Tesla.
According to estimates by the Kelly Blue Book ( Kelley Blue Book ), Tesla sold 38,965 Cybertruck in the United States in 2024, and only 20,237 in 2025. Kelly Blue Book's parent company, Cox Automotive, also estimates that Tesla sold a total of 7,263 Cybertruck in the first half of this year.
Tesla has not disclosed the sales figures for Cybertruck in any public documents.
Elon Musk has now shifted the company's future focus towards autonomous driving Cybercab. He made a grand announcement of this vehicle at an event in 2024. The first batch of Cybercab cars were put on the roads in Austin, Texas, in September. Tesla also provides Robotaxi services through its Model Y in Houston, Dallas, Fort Worth, as well as Miami, Orlando, and Tampa.
As Tesla gradually phases out Cybertruck production, it is attempting to convince investors that autonomous driving technology can drive future growth and surpass traditional electric vehicle sales. Due to U.S. President Donald Trump's cancellation of electric vehicle tax credits last year, Tesla's sales of traditional electric vehicles have declined. However, Tesla remains the highest-selling electric vehicle manufacturer in the United States.
This automaker has positioned Cybercab as the key to this vision. Cybercab is a two-seater vehicle that does not have a steering wheel or pedals.
However, this new car also faces obstacles. In September, the US Federal Motor Safety Administration launched an investigation to verify whether Tesla has correctly certified that Cybercab complies with federal vehicle safety standards. At the end of October, Tesla submitted responses to the questions raised by the National Highway Traffic Safety Administration (NHTSA), but requested that these responses remain confidential as they are considered "confidential business information."
Tesla entered the autonomous taxi market relatively late. For example, Waymo under Alphabet is already operating in 15 cities in the United States, providing 500,000 ride services per week, according to reports.
This news has also left existing owners of the Cybertruck in a state of uncertainty. Tesla has not yet stated for how long it will continue to sell the remaining inventory or provide replacement parts. However, the gradual cessation of production for this model does not mean that support for existing vehicles will be terminated. —— Marco Quiroz - Gutierrez
Blind box
The ban will not eliminate the demand for computing power; it will only shift it elsewhere.
Read the full report here.
Newsflash
- It is reported that Apple's CEO John Ternus hopes for Siri AI to make stronger, better, faster, and more powerful progress.
- An economist predicts that next year, as AI investment slows down, the stock market will continue to decline and will drag down GDP in 2028.
- Among the top 100 altcoins by market value in 2021, nearly two-thirds have since seen a decline of over 90%.
- Anthropic and OnePWR signed a $3.4 billion agreement to generate gas power for data centers.
- Some Cisco employees are angry about the company's multiple transactions with Israeli intelligence agencies.
- A lithium mining belt in Arkansas-Texas could help end the United States' dependence on China.
- So, will those tech billionaires who left California over the now-defunct wealth tax move back? (Will they?)
- From exhaustion to being hired? Despite the threat of a “catastrophic disaster” brought about by AI, American professional service companies added more employees last month than in any other month since 2022.
Final Strike
What would you do if hackers stole over $6 billion in cryptocurrencies from your company?
"Starting a new business," at least if you are that CFO.
(Binance stated that this was all part of a planned handover; if true, the timing is impeccable.)
