Nvidia probes whether foreign intelligence targeted Jensen Huang

Nvidia's board has launched an independent inquiry into whether company CEO Jensen Huang was a victim of foreign intelligence activity. This decision came after the New York Times reported that a close business associate of Huang allegedly provided information to Beijing. Nvidia's stock price experienced a significant drop on Monday following the news. It is important to note that the company stated it had no evidence suggesting any secrets or US national security were compromised.

In separate news, Sashikumar Sreedharan, the former MD for India at Google Cloud, has assumed the roles of President and Chief Business Officer at AI company Sarvam. Sreedharan will also serve on the company's board, overseeing business operations in enterprises and government while expanding partnerships with digital-native companies, developers, and partners.

Meanwhile, India's MakeMyTrip subsidiary has secured Sebi's permission to conduct an initial public offering (IPO), set to include the sale of equity shares from MMT India and its wholly-owned subsidiary, ibibo Group Holdings (Singapore) Pte Ltd.

Lastly, the World Meteorological Organization forecasts that 2026 could be one of the four warmest years on record. In today's newsletter, we will discuss how Bariflo uses AI to optimize wastewater treatment for factories. Bariflo Cybernetics aims to help factories maximize the efficiency of their wastewater treatment plants by employing sensors, AI software, and automation to fine-tune treatment processes.

This approach seeks to reduce energy and chemical consumption needed for water purification. Bariflo recently secured Rs 2 crore in milestone-linked funding from MC² Plus, an energy innovation platform led by the Ministry of Petroleum & Natural Gas, and is preparing for a pilot project with BPCL.