Nvidia’s stock slid more than 4% after its board opened an investigation into Jensen Huang’s relationship with a suspected Chinese spy, and one securities law expert says the company’s earlier insistence that it was all “normal” could turn into a very expensive problem.
I doubt anything meaningful comes from this but it would be nice of this ruined Huang and nvidia. Feed em fish heads
The way i see it, there are really only two possible outcomes, either he did divulge secrets to a spy, and that’ll be a big problem for him, or he didn’t divulge any secrets but still shows he got played by a spy. Either way, he’ll probably step down as CEO, but the big issue is there’s no clear line of succession in the org, so it’s all a bit messy.
You are assuming that he answers to the same legal system as us, which is a fantasy. He’s one of the richest people in the world; only way he goes down is if he screws somebody richer than him.
The groups of rich investors taking hits from this are collectively richer than him. He doesn’t have to “go down” to placate them, but he’ll be “retiring to spend more time with family” very soon.
I doubt that, but we shall see!
What law(s) did he break? Maybe the SEC could eventually uncover some fuckery, but I’m not aware of anything yet.
Export restriction laws, wire fraud. He sold the chips indirectly through a third party, which happened to the run by his girlfriend. He’s got much bigger problems to deal with than Mrs. Huang.
@shalafi There are Federal regulations about sales of arms and related tech to foreign countries. This means the obvious things, like guns and fighter planes, but it can include lots of technology that is dual use. AI-related stuff is on the list and has been for decades. They can easily get him on violations if it can be proved he was involved in a transaction.
Roly poly fish heads.
Eat them up, yum