A Chinese Spy Inside Nvidia?
Notes de l’épisode
I covered the NYT report that US officials think Megaspeed’s Alice Huang is a Chinese asset who cozied up to Jensen Huang, the leak of 41,000 DHS workers’ data, DoorDash’s $17B Instacart grab, and Alphabet’s ugly free cash flow.
- US officials believe Megaspeed executive Alice Huang is a Chinese asset who maintained a close relationship with Jensen Huang to pass intelligence to Beijing (The New York Times)
- Hackers leak the personal data of 41,000+ DHS employees and contractors, including CBP and ICE agents; DDoSecrets says the data came from DHS’ Okta login system (Wired)
- DoorDash agrees to acquire Instacart in a ~$17B deal, paying $65 per share, a 26% premium to its October 22 close, as the platform delivery market consolidates (Reuters)
- DoorDash agrees to buy Instacart for $17B with both boards signing off; it plans to keep Instacart’s brand, enterprise tech, and app, and says grocers could build their own ordering and ad businesses (TechCrunch)
- Alphabet reports Q3 negative free cash flow of $9.07B, worse than expected, capex of $51.36B, below $55.09B est., and keeps its FY capex forecast at $195B-$205B (CNBC)
- Alphabet’s ad machine misses Q3 estimates as search revenue growth slows to 12% from 17%, even with cloud beating at $30.7B; shares fall about 10% after hours (WSJ)
- Google expands ads in AI Mode to international markets, adding multi-turn ads in the US, betting generative AI can open new revenue as core search ad growth slows (TechCrunch)
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