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Jensen Huang Steps Down: Are the Cracks Beginning to Show in Circular AI Financing

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Jensen Huang Steps Down: Are the Cracks Beginning to Show in Circular AI Financing

Bitcoin Magazine

Jensen Huang Steps Down: Are the Cracks Beginning to Show in Circular AI Financing

NVIDIA CEO Jensen Huang has resigned after the company’s board met to discuss possible removal, and BMTV hosts Grace Remington and Sean Hagan walk through what that means for the AI buildout. The New York Times reported a second affair, this time with a senior executive reporting directly to him, after an earlier report of a relationship with an alleged Chinese spy. NVIDIA has lost roughly $1 trillion in market value since the first report, according to Axios, and House Republicans are threatening a subpoena over national security concerns. Sean argues the bigger issue is not key-man risk — he says plenty of people inside the company know how the sauce is made — but systematic circular financing, backstopped by chips that are devaluing over time.

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Chapters:
00:00 Jensen Huang Resigns as NVIDIA CEO
01:01 NVIDIA Is Backstopping $108.5 Billion
01:30 Circular Financing Risk, Not Key Man Risk
03:13 Growing Faster Than Their Balance Sheets
04:36 The OpenAI Ohio Deal and SoftBank
05:48 Investors Rioted at $250 Billion
06:50 NVIDIA Sells the Chips and Buys Them Back
07:43 The Renter of Last Resort
09:10 Chips Age Faster Than the Books Say
10:42 $279 Billion Promised to Suppliers
11:30 The Bull Case on NVIDIA’s Guarantees
13:16 They’re Engineering Buyers of Their Own Chips



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