Nvidia's board was searching for a CEO, stocks ended the week higher and retail was in focus, according to Bloomberg. Bloomberg Television's guest lineup included Chris Galipeau, Bill Ackman, Randall Peterson, Maya MacGuineas, Jeff Currie, Matt Stucky, Tse-Jae King Liu, Geoffroy van Raemdonck, Paige Thomas, Carrie Underwood and Kerrigan Behrens.

All passengers and crew aboard the river cruise ship were accounted for after it capsized following a tanker collision in New Orleans on Friday, Mayor Helena Moreno said. Thirty-two people were hospitalized, none critically injured, Bloomberg reported.

At a White House meeting on Thursday, officials from US President Donald Trump’s artificial intelligence task force recommended that agencies ease cyber liability policies to encourage AI companies to report critical incidents, according to Bloomberg.

According to Jin10, Elon Musk’s SpaceX announced that the Starship Super Heavy booster landed offshore and exploded, and the midair catch mission was canceled.

According to Jin10, Fed Vice Chair Philip Jefferson said the FOMC will hear a report from a Federal Reserve working group within the next few months or earlier.

According to Jin10, Fed Vice Chair Philip Jefferson said he had never experienced political considerations entering discussions at FOMC meetings.

Nvidia CEO and co-founder Jensen Huang, who led the company for 33 years, has officially stepped down amid controversy. According to Sina Finance, Seligman Ventures managing partner Umesh Padval said Huang personally made most of Nvidia’s major startup investment decisions. Padval served on the board of Mellanox Technologies, the networking chipmaker Nvidia acquired for about $7 billion in 2020. Investors hope Huang’s successor will eventually restart large-scale investing, but few expect that to happen in the short term. Nvidia interim CEO Colette Kress is expected to make some changes, particularly to investment in AI startups, which is central to the wave of data center construction worth billions of dollars. Huang’s aggressive investments in the area have long been a focus of concern on Wall Street. One investor described Kress as “much more conservative” and said she was unlikely to commit comparable sums to sustain the early-stage startup ecosystem. Nvidia has a dominant position in that ecosystem, at times approaching a monopoly. Its large investments have effectively tied many startups to using Nvidia chips, further strengthening the company’s market advantage. A more cautious Nvidia could give competitors and smaller companies more room. Google released two new chips this week. Some investors interviewed by the media hope large cloud providers and other chipmakers will invest to fill a potential funding gap after Huang’s departure. Battery Ventures general partner Dharmesh Thakker said technology giants competing with Nvidia would vie for its investment leadership. He said success would depend on combining strong products, an ecosystem and developer community comparable to CUDA, and enough capital to support that ecosystem. CUDA is Nvidia’s software platform, which developers use to run AI models on its GPUs. Google, Amazon, Microsoft, AMD and others may invest in established startups to promote their chips and cloud services, Thakker said, but they may find it difficult to match Nvidia’s investments of hundreds of millions of dollars in infrastructure startups that have yet to generate revenue. One venture capitalist said that under Huang, infrastructure companies seeking $100 million to $500 million worth of GPU resources could often obtain half the funding from Nvidia and start with valuations of $1 billion or more. Nvidia’s participation also encouraged other investors to follow at those valuations. Investors now expect Nvidia to be more selective with new projects and reduce funding for companies it has already backed, putting downward pressure on valuations. Padwal said Nvidia’s presence on a company’s shareholder list reassured everyone. Without that endorsement, traditional venture capital firms may think carefully before investing or put some deals on hold. Few investors believe a slowdown in Nvidia’s investments alone would stop the AI boom. Former Nvidia employees, including Amulya Vishwanath, who now runs a venture capital fund independently, said Huang’s departure was a major loss for Nvidia, but the startup ecosystem was bigger than any one person and its talent would continue to grow.

Anthropic's prospectus refers to the $40 trillion in wages paid to global knowledge workers as "economic value." This article follows up on the footnote by asking: if this money is indeed consumed by the model, whose account will it flow to?

Following Jensen Huang's resignation, Polymarket has bet on ten potential successors: Ian Buck leads with 30%, followed by Kress at 17%, and outsiders Haas and Srugi each at 12%. This article analyzes the three camps and the challenges of poaching talent.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on AI, DeFi, DAO, NFT, and the metaverse.

AI currently serves more as a discovery and auxiliary entry point for shopping than as an independent buyer; the true economic boundary of agency commerce lies in the cost of verifying whether a purchase is correct, and stablecoins can only save some access and settlement friction.

After Jensen Huang resigned, Nvidia's stock price fell 31% from its peak, with a price-to-earnings ratio of only 12. Barron's believes the key is profitability rather than personnel, and analysts have given it up to 160% upside potential.

When the telephone was invented, no one knew what it was meant to be used for, but it was eventually envisioned as the nervous system of a "world brain" connecting all of humanity.

Airwallex CEO Zhang Shuo once questioned cryptocurrencies, but now his co-founded Alta has completed a $47.5 million funding round to create blockchains for financial institutions.

If you lose money trading cryptocurrency for a friend, you don't have to pay them the full amount. Whether it constitutes fraud depends on whether there was any deception or intent to illegally possess the money.

Jensen Huang resigned as CEO of Nvidia, and CFO Kress took over as interim CEO. The shift in AI narratives, coupled with leveraged trading, caused Bitcoin to fall below $68,000 at one point, with $1.23 billion in liquidations across the network in 24 hours.

China's trade surplus and net foreign exchange settlement will continue to provide support, and the RMB exchange rate is expected to fluctuate more in both directions in 2027, with three scenarios determining its direction.