Nvidia Buyer Megaspeed Faces Smuggling Probe | Bloomberg Tech 12/23/2025

ServiceNow Inc. Chief Executive Officer Bill McDermott has extended his contract to remain with the software provider through at least the end of 2030. This decision reflects McDermott's ongoing commitment to leading the company in the competitive technology sector.

ServiceNow has announced its acquisition of cybersecurity startup Armis for $7.75 billion, as confirmed by President and COO Amit Zavery during an interview on Bloomberg. This deal marks a significant investment in enhancing ServiceNow's cybersecurity capabilities.

ServiceNow has announced its acquisition of cybersecurity startup Armis for $7.75 billion, marking its largest acquisition to date. This strategic move is designed to enhance ServiceNow's cybersecurity capabilities and expand its service offerings in the rapidly evolving tech landscape.

Digital asset treasuries (DATs) experienced a meteoric rise in popularity in 2025, attracting high-profile investors like Peter Thiel and the Trump family. However, this trend has rapidly reversed, with DAT stocks now facing significant declines, prompting Strive CEO Matt Cole to discuss these developments on Bloomberg Crypto.

Strive CEO Matt Cole discussed the recent decline in digital asset treasury (DAT) stocks during an appearance on Bloomberg Crypto, highlighting the rapid growth of DATs in 2025 and the ongoing debate regarding MSCI's potential exclusion of companies with significant digital asset holdings from its Global Investable Market Indexes.

The U.S. government is investigating Nvidia's largest buyer in Southeast Asia, Megaspeed, over allegations of smuggling chips into China, raising concerns about compliance with export regulations. This scrutiny follows discrepancies in chip importation records, suggesting potential illegal activities.

Fiona Scott Morton, a Professor of Economics at Yale, highlighted the complexities in defining competition within the streaming industry during her discussion on Bloomberg Tech, particularly in relation to Netflix's proposed acquisition of Warner Bros. Discovery.

Nvidia is preparing to resume shipments of its H200 artificial intelligence chips to China, following recent approvals from the U.S. government that allow the export of these chips, which are primarily manufactured in Taiwan. The company has indicated plans to increase production capacity for these chips to meet anticipated demand.