Monday briefing: What Nvidia’s stock market plunge means for the AI industry
In today’s newsletter: Nvidia’s computer chips were riding the artificial intelligence wave until its valuation fell by $279bn … in one day – but what happens now?• Sign up here for our daily newsletter, First EditionGood morning.For a long time, the only people who knew the name Nvidia were tech nerds and gamers. For about two decades the company was trundling along, carving a niche with its specialised computer chips, GPUs, which enhanced image display for computers, and making a tidy profit.Covid | A landmark study has uncovered corruption “red flags” in government Covid contracts worth more than £15bn – representing nearly one in every three pounds awarded by the Conservative administration during the pandemic.Politics | As many as 50 Labour MPs could refuse to back the government’s controversial plan to cut the winter fuel allowance, despite Keir Starmer urging back benchers to get behind a measure he has conceded is “unpopular”.Healthcare | Almost half of doctors internationally have been sexually harassed by patients, new research has found, prompting calls for medics to be given panic alarms to help repel such behaviour.US elections | Donald Trump and Kamala Harris are in effect tied heading into the final weeks of the election campaign, according to a national poll conducted by the New York Times and Siena College, raising the stakes of Tuesday’s presidential debate.Transport | Local transport authorities across England will be able to run and control bus services under a Labour overhaul designed to “save vital routes”, parliament will hear on Monday. The transport secretary, Louise Haigh, said the “bus revolution” would empower local communities as the government prepares to formally announce measures to make services more reliable. Continue reading...
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