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Nvidia CEO Optimistic About Global Tech Cooperation Under Trump Administration

Nvidia CEO Jensen Huang expressed confidence that global collaboration in science and technology will persist, even amid potential tighter export controls from the incoming Trump administration. Huang on Global Cooperation Despite the Trump administration’s previous restrictions on exporting US technology to China, Huang believes international collaboration remains essential. “Open science and global cooperation across math and science have been the foundation of societal and scientific advancements for a very long time,” Huang stated during a media session in Hong Kong. He emphasized Nvidia's commitment to balancing compliance with laws and policies while continuing to advance technology and serve customers globally. The Age of AI During a speech at the Hong Kong University of Science and Technology (HKUST) , Huang declared, “The age of AI has started — a new computing era that will impact every industry and every field of science.” Highlighting Nvidia’s innovations, he describe
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Liquidators Seek to Recover S$855 Million in Singapore Nickel Scandal

The liquidators of three companies involved in the nickel scandal allegedly orchestrated by Ng Yu Zhi are seeking a court order to recover about S$855 million (US$637 million) from Ng and three other individuals, the Straits Times reported.

Key Details

  • Defendants: Ng Yu Zhi, former directors Lee Si Ye and Ju Xiao, and former employee Cheong Ming Feng.
  • Legal Action: The liquidators of Envy Global Trading, Envy Asset Management, and Envy Management Holdings filed a lawsuit in November 2021 to recoup investors' funds.
  • Civil Trial: The trial commenced on July 30 at Singapore’s High Court. Ng, currently in remand, did not attend the trial.

Background

  • Allegations: Ng Yu Zhi is accused of raising funds from investors for fictitious nickel trades. In 2021, Bloomberg reported that hundreds of investors had invested in the purported US$1.1 billion scheme linked to Ng’s Envy Group, which promised average quarterly gains of 15%.
  • Investor Impact: The scheme attracted significant investment from numerous individuals, under the false pretense of lucrative nickel trading.

Legal Proceedings

The civil trial aims to establish the liability of Ng and the other defendants for the substantial financial losses suffered by investors due to the fraudulent scheme. The liquidators are focused on recovering the misappropriated funds to compensate the affected investors.

Current Status

As the trial progresses, the court will hear evidence and arguments from both sides to determine the extent of the defendants' liability and the potential recovery of the funds. The outcome will have significant implications for the investors and the defendants involved in this high-profile case.

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