Nvidia shares fall after ‘honeytrap’ investigation launched, as China denies spying claims – business live

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An apparent honeytrap scandal involving the boss of the world’s most valuable company and a suspected Chinese spy is rocking the AI sector.

Overnight, Nvidia announced it is launching an independent investigation following reports that founder and CEO Jensen Huang has been the target of “a foreign intelligence effort”.

That effort, reports claim, led to Huang conducting a romantic relationship with a Chinese woman, Alice Huang, who was recruited to spy for China’s Ministry of State Security intelligence agency.

Last night, Jensen Huang admitted having an affair, telling Nvidia staff: