I'm actually surprised at this. I figured everyone would justify keeping him because he made Nvidia (and investors) so much money. Money > anything else
what if Jen-Hsun intentionally leaked industrial secrets to China because even if he's taiwanese, his familly is loyal to PRC? And the whole spy/affair is just a cover-up because someone was about to expose him, maybe blackmail him?
Wow, Reuters is orwellian. I was just reading something about Huang owning something like 3,6% of the company, when mid-sentence the page refreshed and the paragraph disappeared.
Bummer. He stood in the way of regulatory capture and AI monopolists had him removed. I foresee the open model / open weights ecosystem eventually getting locked down, especially the most competitive Chinese models.
It just sucks because Jensen was basically the last big tech CEO that seemed like a human being, and knew what the hell he was talking about. I guess a little too human in the end. But this has pretty much destroyed my last bit of faith in any of them.
Meh, not really. NVidia stock is presumably rebounding as we speak -- unless they pick someone political or unhinged to take over, this will just be a blip.
And I doubt it'll cost him much. What could you pay the founder of the second most valuable company on the planet who already holds $150B in equity? It'd be as absurd as paying Donald Trump.
So, I understand this is getting priced in to some degree, but I just don't see how any of this will change the fundamental core business value of NVIDIA.
Even if they have to pay a fine or increased regulatory scrutiny. At this point NVIDIA is more like SHELL(10 years ago maybe/during oil spill scandal) than a tech company. Its going to keep printing money with its chips.
So, I guess I'll timestamp my prediction that now is a good time to buy NVIDIA stock.
âsome finesâ could be a very big deal. Sanctions laws have teeth.
How much of Nvidiaâs revenue came from infringing sales to china? If so, that revenue is probably going to disappear as now they will have to really be serious about export controls or face much greater pain. Some estimates Iâve seen is 30% of their revenue perhaps disappearing overnight!
Sort of agree but he did go around and spoke how export controls to China have no effect, and then he's in bed with a foreign asset, so lots of geopolitical stuff in there.
Plus whole lot of people waiting for that signal that the "AI bubble " is about to burst.
They'll be fine for a few years with a talking donkey running the place because they have a roadmap. And then when the situation on the ground has changed and the future is ambiguous, they will nosedive like SGI did. My money is on Huawei now. Way to go America! You've actually outdumbed the CEO's poor choices of mistresses.
Would make 0 sense for several reasons. Very gullible thing to take anything seriously Musk spouts out. So strange that there is basically a fantasy world out there for Musk fanboys.
As an outsider, can the US president pardon Jensen AND Nvidia? Letâs say he âdonatesâ a cool hundred million dollars, and the fact that as per US law corporations are people, I think Trump can technically do that?
The US president can pardon any federal charges and sentences yes, preemptively. Biden did pardon all his family and Fauci of any future federal crimes.
IMHO, preemptive pardons should be outlawed.
Trump will likely pardon him, in exchange for a "contribution".
The âforeign assetâ got him is what I want to say. Itâs tough letting this slide from the American technostate. One of our biggest gaps between competitors was architectural.
Extramarital affairs are pretty common in our ruling class, so unless the media is conveniently withholding information, think he got in bed with the wrong folks.
Jensen is basically Nvidia, he has ruled it for over 30 years single handedly, he took the risks and had the vision to take it to where it is today under his leadership. Without him, they are just some chip company, and will be revalued as such. The innovation will stop.
How many of his dozens of direct reports will leave the company as his successor, guided by some management consultancy, convert the company to a more normal hierarchy?
Resignation means that he can start liquidating his shares without input from shareholders or directors.. Divorce will also be likely. Affairs with the staff would matter if he had promoted people; who knows what else is in that stack. He had planted his own kids with no experience in tech as executives there too . He is a zillionaire though and he has enough cash for many generations.
Elon(and others) got it right by making perfidity a feature of there character right up front by bieng VERY public about whatever they get up to.
Jensen just so happens to be a convienient scapegoat to buy a news cycle away from the very difficult political and economic situation that would otherwise be the lead story, and I bet that having him fold his hand quite so easily is actualy not what they were hoping for, and good on him for doing it.
I'm actually surprised at this. I figured everyone would justify keeping him because he made Nvidia (and investors) so much money. Money > anything else
Affairs are commonplace. Most likely the internal findings from the investigation point to something more troubling/illegal
Maybe the most competent tech CEO in recent decades, or at least one of. A Steve Jobs and Voznyak, all in one person but with no charisma.
NVIDIA's long-term future will suffer because of it, no matter how correct the decision is
People need to operate across multiple competencies. He failed hard at a few of them.
He also wasnât a friend of the consumer. I donât know what Nvidia becomes but he wasnât good for me personally, or the machines I run.
Voznyak, Steve Wozniak's lesser-known Eastern European cousin.
>> Maybe the most competent tech CEO in recent decades
The resignation is evidence that no.
what if Jen-Hsun intentionally leaked industrial secrets to China because even if he's taiwanese, his familly is loyal to PRC? And the whole spy/affair is just a cover-up because someone was about to expose him, maybe blackmail him?
Not sure with the loyalty, but its clear he intentionally leaked industrial secrets and helped bypass the sanctions.
Wow, Reuters is orwellian. I was just reading something about Huang owning something like 3,6% of the company, when mid-sentence the page refreshed and the paragraph disappeared.
Society has fallen
Playing it pretty fast and loose with the word Orwellian
duplicate of this maybe: https://news.ycombinator.com/item?id=50467087
What is with the comments on this post?
Bummer. He stood in the way of regulatory capture and AI monopolists had him removed. I foresee the open model / open weights ecosystem eventually getting locked down, especially the most competitive Chinese models.
Information wants to be free. I don't see how anyone could lock down a file of weights.
It just sucks because Jensen was basically the last big tech CEO that seemed like a human being, and knew what the hell he was talking about. I guess a little too human in the end. But this has pretty much destroyed my last bit of faith in any of them.
Hopefully this will not cause a shift in the way nvidia operates, for example in relation to research and open source.
I mean, imagine nvidia becoming like Apple, with an AI App Store ... trying to maximize their profits above everything else.
Arguably all of Nvidia's open source work is a net benefit to their profits.
I'm guessing this is the most expensive affair in history?
Probably in dollars, but Anthony and Cleopatra cost themselves the two greatest empires in the known world.
At least they didn't catch him at the Coldplay concert.
Divide it by 2 and each of them come out cheaper
Meh, not really. NVidia stock is presumably rebounding as we speak -- unless they pick someone political or unhinged to take over, this will just be a blip.
And I doubt it'll cost him much. What could you pay the founder of the second most valuable company on the planet who already holds $150B in equity? It'd be as absurd as paying Donald Trump.
So, I understand this is getting priced in to some degree, but I just don't see how any of this will change the fundamental core business value of NVIDIA.
Even if they have to pay a fine or increased regulatory scrutiny. At this point NVIDIA is more like SHELL(10 years ago maybe/during oil spill scandal) than a tech company. Its going to keep printing money with its chips.
So, I guess I'll timestamp my prediction that now is a good time to buy NVIDIA stock.
âsome finesâ could be a very big deal. Sanctions laws have teeth.
How much of Nvidiaâs revenue came from infringing sales to china? If so, that revenue is probably going to disappear as now they will have to really be serious about export controls or face much greater pain. Some estimates Iâve seen is 30% of their revenue perhaps disappearing overnight!
CUDA could be forced to go OSS. That would hurt.
Sort of agree but he did go around and spoke how export controls to China have no effect, and then he's in bed with a foreign asset, so lots of geopolitical stuff in there.
Plus whole lot of people waiting for that signal that the "AI bubble " is about to burst.
They'll be fine for a few years with a talking donkey running the place because they have a roadmap. And then when the situation on the ground has changed and the future is ambiguous, they will nosedive like SGI did. My money is on Huawei now. Way to go America! You've actually outdumbed the CEO's poor choices of mistresses.
Ooh a real world test of whether CEOs are dispensable.
Yay for powerful people being held accountable for their actions. Do Musk next.
Jensen will probably run SpaceX's chip fab and grow it to the size of Nvidea.
Leaving Nvidia to go back to making affordable GPU's for home users...right?...right?
Would make 0 sense for several reasons. Very gullible thing to take anything seriously Musk spouts out. So strange that there is basically a fantasy world out there for Musk fanboys.
As an outsider, can the US president pardon Jensen AND Nvidia? Letâs say he âdonatesâ a cool hundred million dollars, and the fact that as per US law corporations are people, I think Trump can technically do that?
P.S: not saying this should happen.
The US president can pardon any federal charges and sentences yes, preemptively. Biden did pardon all his family and Fauci of any future federal crimes.
IMHO, preemptive pardons should be outlawed.
Trump will likely pardon him, in exchange for a "contribution".
Next investigate the board and make sure they are sneaky clean too.
He must have come in cross hair with the state somehow,
The âforeign assetâ got him is what I want to say. Itâs tough letting this slide from the American technostate. One of our biggest gaps between competitors was architectural.
Extramarital affairs are pretty common in our ruling class, so unless the media is conveniently withholding information, think he got in bed with the wrong folks.
Step one: donât even give the appearance of infidelity as a c-level unless youâre Elon.
Itâs really not hard.
Jensen is basically Nvidia, he has ruled it for over 30 years single handedly, he took the risks and had the vision to take it to where it is today under his leadership. Without him, they are just some chip company, and will be revalued as such. The innovation will stop.
>> The innovation will stop.
You probably think Musk spend his days soldering Raptor engines...instead of posting racist memes all day while stoned on ketamine...
How many of his dozens of direct reports will leave the company as his successor, guided by some management consultancy, convert the company to a more normal hierarchy?
Why would he resign on this note? He could have powered through it for a couple more years, and asserted leadership.
Because the CEO serves at the pleasure of the Board. The board decided it was time for him to go.
Then it was a negotiation about how.
Sometimes people can see the writing on the wall and choose to not burn down their lifeâs work on the way out.
Not sure people have grasped how serious this all is; the second affair alone would fell most CEOs because it was with an employee.
But my guess is, he'd rather resign on this note than what will come out in a few weeks.
Presumably he was not given a choice by the board.
There is evidence of a second affair that is also problematic coming out, the BBC had some reports.
Resignation means that he can start liquidating his shares without input from shareholders or directors.. Divorce will also be likely. Affairs with the staff would matter if he had promoted people; who knows what else is in that stack. He had planted his own kids with no experience in tech as executives there too . He is a zillionaire though and he has enough cash for many generations.
Don't worry about him.
He didnât resign he âresignedâ
Because it would be damaging to the company which he founded and has a massive stake in, both financial and personal.
Elon(and others) got it right by making perfidity a feature of there character right up front by bieng VERY public about whatever they get up to. Jensen just so happens to be a convienient scapegoat to buy a news cycle away from the very difficult political and economic situation that would otherwise be the lead story, and I bet that having him fold his hand quite so easily is actualy not what they were hoping for, and good on him for doing it.
Who are "they?"
Wow, this is enormous. End of the AI bubble?
LLMs will be completely unaffected, but the pricing remains to be seen.
Bad timing for ANT?
Who knew the Black Swan would be wearing a black leather jacket?