Singaporean authorities probe cloud firm Megaspeed regarding alleged Nvidia chip diversion

Singapore police are investigating cloud computing firm Megaspeed for suspected breaches of domestic laws, following US scrutiny over its alleged role in diverting advanced Nvidia AI chips to China, which is restricted by export controls. This investigation highlights international efforts to enforce export controls on critical technology and raises questions about Megaspeed's rapid financial growth, with assets surging to $3 billion in 2024 from $33 million in 2023, despite reporting a loss.