Nvidia hit by AI bubble believers

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Tech Across the Globe

Airbus software issues: The aircraft company said more than 6,500 jets in its A320 family will need a software fix after a recent computer problem threatened a JetBlue flight. The warning grounded flights in Australia and New Zealand over the weekend.

WhatsApp restrictions: Russia is moving toward blocking Meta’s WhatsApp messenger, after degrading the service for months, taking another step to replace technology platforms from the West with domestic ones.

Norwegian backing: Microsoft has the backing of Norway’s $2.1 trillion sovereign wealth fund in a controversial case involving its human rights vetting processes. Pressure for changes arose after reports that Microsoft products were used by the Israeli military for mass surveillance of civilians in Gaza and the occupied West Bank.

Revalued

JD.com Inc. and Alibaba Group Holding Ltd. both declined by more than 8% in November, after their earnings revealed the punishing cost of a price war with Beijing-based Meituan over food delivery and other quick-commerce orders. Profit has been slashed across the industry, just as Alibaba and other internet companies try to also pour investment into cloud and AI initiatives.

Must Read

Nvidia, the world’s most valuable company, has been dealing with slings and arrows recently as proponents of a bubble in artificial intelligence investment come to the fore, Ian King reports in today’s Tech In Depth. The financial fundamentals show the chipmaker is thriving, but talk of the bubble seemed to take hold, sending the company’s stock in November to its worst month since March, he writes.

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This Week in Soundbite

The next era of podcast mergers is heating up, Ashley Carman reports in this week’s Soundbite. As podcast creators expand their businesses into video, more potential buyers are looking at the industry, she writes.

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