Chinese AI startup DeepSeek recently declared that its AI models could be very profitable — with some asterisks. In a post on X, DeepSeek boasted that its

Singapore authorities have initiated an investigation into potential fraudulent activities related to the shipment of Nvidia Corp. (NASDAQ: NVDA) chips. The chips, which are banned in China, were reportedly shipped to Malaysia via servers from Dell Technologies Inc.

Servers used in a fraud case that Singapore announced last week were supplied by U.S. firms and may have contained Nvidia's advanced chips, a government minister said on Monday. Singapore last week charged three men with fraud in a case local media linked to the movement of Nvidia's AI chips from the city-state to Chinese artificial intelligence firm DeepSeek.

Servers that may contain AI-powering Nvidia chips shipped from the United States to Singapore ended up in Malaysia, but their actual final destination remains a mystery, the city-state's interior minister said Monday.