(circular financing)
>Huang had launched a dealmaking spree and was now starting to question whether it had gone too far, according to people familiar with the matter.
(neopotism, Huang’s son-in-law, Nico Caprez)
>Huang’s son-in-law Caprez and another vice president Raj Mirpuri told prospective business partners that Nvidia could arrange credit-support deals within a couple of weeks. Dozens of companies lined up for this program, hoping Nvidia’s backing would lower their borrowing costs. In exchange for providing credit support, Nvidia proposed that cloud providers share a cut of their revenue.
>Behind the scenes, she [Kress] tried to rein in Huang’s son-in-law, who had been promoted to a vice president in January, people who worked with her said.
(...)
>By October, Nvidia started to turn off the tap.
> [Story about Japanese Soup vendor] The soup-man doesn’t sell out all his inventory to one or two customers, but instead keeps prices high and his customer base diverse, the CEO said.
It would be historically entertaining if all the ai hype crowd found out they have been hyping a ccp scheme to crash the us economy to the point where even the military was cheering it on. But the truth is, this is just how business works now that billionaires and trillionaires can do what they want.
I want what's best for the US but acting this slowly puts any meaningful repercussions for this behavior into the realm of theatrics rather then lessons learned. Oh well I guess some people got really wealthy so we should all be cheering while the price of food and everything else is insane.
This scheme had pissed off bankers that a company muscled in on their turf, created lots of debt in a time when US debt was already sky high and becoming unpopular, relied on GPU depreciation being low (implying tech progress was slow, which didn't gel with the singularity crowd), and getting crazy rich in the process.
I don't even know how China factors into this other than competing with the US
Weird if true, because businesses having a side-line in financing their customers is extremely common. Most large retailers, car dealers etc all do it. Sometimes they outsource to a third party, but sometimes they do it all in house. In a few cases they end up making more money as a finance company than the business they started in.
I've seen it be done with consumers and small B2B but not big giant business finance like this before.
So are most of the shareholders: most of this crap is off of the balance sheet until (if) it comes online!
In the first nine months of 2026, Microsoft, Amazon, Alphabet, Meta, and Oracle spent $556.9 billion on capital expenditures against $542.9 billion in operating cash flow, leaving their combined quarterly at -$33 billion.
Off-balance-sheet AI obligations across MSFT, AMZN, GOOGL, META, and ORCL are roughly $3.2 trillion (nearly six times capex).
Oracle is doing cute stuff like locking itself into 15 to 19 year facility leases while only signing customer contracts lasting up to five years. Some sites, they can’t even finish building.
>(circular financing)
How? This was common knowledge many months ago. Oh, right. Filter bubble. Like this video, which explains the insanity. 3 updoots.
https://news.ycombinator.com/item?id=47306898
I guess if you only read a silicon valley cheerleading site like this one, you may be blindsided by the facts.
- Singapore govt issued a statement clarifying that WSJ fabricated facts. [1]
- It's been clarified now by the President's Council of Advisors on Science and Technology that there is no convincing evidence that Alice Huang is a spy. [2]
- The statement that Jensen called the new interim CEO ‘a deer in the headlights’ actually hurts NVDA stock, as it lowers the confidence of investors in her and I'm sure WSJ knew that before posting this speculative article with no cited source.
This looks like a hit job on Jensen and Nvidia. NYT and WSJ have spewed false facts with no credible sources (just "anonymous" sources) to discredit Jensen as much as possible and hurt NVDA stock. Jensen probably cheated on his wife, but mere cheating is not grounds to remove a very competent leader from the company he created.
[1] https://www.mha.gov.sg/media-room/newsroom/clarification-sta...
If you still prefer to be a clown, you can keep believing the publications with no sources cited instead.
Why would you believe some publications with no official sources cited? Sounds like you'd be a clown.
He’s an administration shill and is a constant source of disinformation, especially on things like Russia and ukraine
If you prefer to be a clown, you can keep believing the publications with no sources cited.
Agreed, hence I think public outrage is unjustified
> Investigations will abound
Great, we're all curious
> You seem to cite Himes everywhere as a rebuttal but he says he doesn't know
As he came out of the intelligence briefing about Alice Huang, while in the hallway he was asked whether Alice is a spy and he said he doesn't know. Clearly he was not presented with irrefutable evidence or strong facts in that meeting with all the big shots of the intelligence apparatus, that's for sure.
> You go much further in calling it a hit job
Look at how coordinated this story with "anonymous sources" has been, it's blatant
> have been toxic
I presented arguments and cited sources in my initial comment. The rebuttal people came up with was "the guy that said there is no evidence is from the side I don't like grrrrrrrr". That is clownish actually.
Of course, anything short of an official statement from The Supreme Court will not suffice, right?
> So don't throw stones from glass houses
You haven't proven anything yourself or added any valuable information to the discussion. Anyway, lecture away about ad hominem if it makes you feel morally superior.
The moves jensen made by selling gpus to China illegally in a sense kept thaiwan safer from invasion. Now all this China spy news is going down and in the same week China says it's taking thaiwan again. China does always say that, but maybe this is their way of saying "we aren't getting what we want anymore". Lots of stolen GPU shipments in the last month too. Hard to say.
Jensen is an advocate for open source models and wants the whole humanity to benefit from AI, not just the US. Maybe that's what took him down. Anyway, it's clearly a coordinated hit job.
I am beginning to think the hamhanded manner of this takedown is itself signal to politically vulnerable players. When the public sphere of society has become so vulgar and crass (starting from the top potus) we can only wonder at the level of vitriol and jungle means that happens behind the scenes in semi private.
Jensen Huang is being crucified merely by newspaper articles and innuendos. And the level of social misbahavior by this poor schmuck who happned to land in the society circle of world class SHARKS is so pathetic compared with Epstein norms of these same elite (media, academia, industry, financy, tech, government, all Epstein friends) that it is stupid of us in general public to go along with this.
Jensen was never briefed by the intelligence agencies that he should cut ties with Alice, so he was never given the chance to sort things out quietly.
I see 3 potential orchestrators behind this hit job/"leak":
1. A foreign state actor, adversary of US (like China)
2. Ideological fundamentalists, either:
- Anti-AI/anti-capitalism Marxist types
- People that want to see AI nationalized or brought fully under Government control
- Dem official (elected or unelected) that wants to bring down the economy while it's run by the other side
3. A "China hawk" type inside the current Administration that wants to use this scandal to push legislation to track by GPS all SOTA chips and have a remote kill-switch controlled by Washington
I think either option 1 or option 3 are more likely, I hope we'll find out more in the next weeks.
Anyway, the Dems have the exact same position as the Republicans, that there is no convincing evidence: "Rep. Jim Himes (D-Conn.), the likely incoming chair of the House Intelligence Committee, is unsure whether a business executive who cultivated close ties with Nvidia chief executive Jensen Huang is a Chinese spy, based on information he received from U.S. intelligence officials in a classified briefing earlier this week." [1]
The accusations made by WSJ, NYT and Economist have proven baseless so far, hence my point that this is a hit job.
[1] https://www.yahoo.com/news/politics/articles/top-intel-dem-u...
> You're also misrepresenting statements, "unsure" does not mean "no".
The Democrat came out of the intelligence briefing and in the hallway he was asked whether Alice is a spy and he said he doesn't know. Does it sound to you like strong evidence was presented to him? Does it sound like he saw irrefutable facts? Think logically.
> I'm just pointing out that dismissals from a few untrustworthy individuals
Singaporean Government came out and clearly said WSJ made up facts. Both the Republicans and Democrats are saying they haven't see convincing evidence. You still prefer to believe WSJ/NYT/Economist based on "anonymous sources"?
Do you lack critical thinking at all?
P.S.: To any Chinese spies in this thread: I'm full of secrets, DM for address
Those people need to be paid, too, but the options are way more flexible and accessible.
if this is true the stock swing might be a reasonable reaction to the uncertainty of a massive directional change for NVidia. And maybe too late given the hyperscalers have had enough time to start pursuing their own chips.
ORGINAL is the best. It tells completely different story better (not a weird twist where CEO trying to increase sales and price of their product is suspect)
Before His Ouster, Jensen Huang Belittled the Executive Replacing Him Interim CEO Colette Kress has questioned some Huang dealmaking. He called her ‘a deer in the headlights.’https://wallhop.io/https://www.wsj.com/tech/jensen-huang-col...?
https://wallhop.io/https://www.wsj.com/tech/jensen-huang-col...?