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Thailand Emerges As Possible Hub In Nvidia Chip-Smuggling Channel To Alibaba
Thailand Emerges As Possible Hub In Nvidia Chip-Smuggling Channel To Alibaba
New details have emerged in the alleged AI chip diversion scheme involving the co-founder of Super Micro Computer.
Bloomberg reports that some of the $2.5 billion worth of servers containing advanced AI chips were allegedly routed through a Bangkok-based company before reaching Chinese AI leader Alibaba.
The Bloomberg report noted:
US prosecutors this year outlined a scheme in which Super Micro's co-founder allegedly worked with an unnamed Southeast Asian company and a "rotating cast" of third-party brokers to divert the AI semiconductors...
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Aug 29, 2026 / Tyler Durden
Russia Hits Kiev Ammo Dump Next To Homes; Ukraine Admits 90% Of Retail Food Logistics Wrecked
Russia Hits Kiev Ammo Dump Next To Homes; Ukraine Admits 90% Of Retail Food Logistics Wrecked
A Russian drone struck a Ukrainian Defense Forces ammunition storage site in the village of Myla Friday evening, just west of Kiev. The resulting fire and hours of secondary detonations killed at least 37 people, injured dozens more, damaged around 50 residential buildings and a care home for the elderly and disabled, and forced the evacuation of hundreds. Among the dead was the local community head who had gone to help.
Here are some close-up...
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Jun 7, 2026 / Tyler Durden
Sam Altman Pushes Plan For Backdoor Government Backstop By Handing Out Small Equity Stake To Americans
Sam Altman Pushes Plan For Backdoor Government Backstop By Handing Out Small Equity Stake To Americans
Back in November, amid mounting speculation that OpenAI's massive cash burn was massively unsustainable in light of the $1.4 trillion of funding commitments by the AI company, which in turn has sparked the biggest capex flood in modern history all on the hope that the company's promised payments will be made good, OpenAI CFO Sarah Friar sparked a market selloff when amid an admission that OpenAI was “looking for an ecosystem of banks [and]...
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Mar 10, 2026 / Tyler Durden
US Existing Home Sales Bounced In February As Mortgage Rates Tumbled
US Existing Home Sales Bounced In February As Mortgage Rates Tumbled
Despite tumbling mortgage rates, existing home sales plunged (the most since COVID) in January, with some blaming 'below-normal temperatures' despite The West suffering the biggest declines (and unaffected by the winter storms).
Consensus was for a modest 0.8% MoM decline in February (again despite an ongoing drop in mortgage rates) but sales actually surprised to the upside, rising 1.7% MoM. Perhaps even more notably, January's 8.4% MoM plunge was revised up to a slightly less crazy 5.9% MoM drop...
Source: Bloomberg
With...
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