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.

Intel has introduced the B50 video card, priced at $300, which has demonstrated impressive capabilities in entry-level AI, 3D rendering, and media editing tasks, making it a viable option for compact setups.

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.

JPMorgan is exploring the possibility of offering cryptocurrency trading services to its institutional clients as part of a broader trend among major banks to engage with the cryptocurrency market. The bank's markets division is evaluating potential products and services, which may include both spot and derivatives trading, according to an anonymous source familiar with the plans.

Edward Woodford, CEO of zerohash, emphasized the anticipated surge in account-to-account movements during his appearance on Bloomberg Crypto, highlighting the increasing adoption of stablecoins and digital assets by banks and institutions in the U.S. The company, founded in 2017, has already processed over $65 billion in transactions, showcasing its significant role in the evolving crypto infrastructure landscape.

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.