Jensen Huang reportedly belittled interim CEO Kress

1. 10:52
   Hacker News AI

   Nvidia allegedly engineered scarcity by funding AI startups to buy its GPUs

   A Wall Street Journal report, cited by Wccftech, alleges that Nvidia invested in AI startups that would then buy its GPUs and build data centers, aiming to sustain the perception of high demand and move an oversupply of semiconductors from TSMC. The report cites an August meeting in which CFO and acting CEO Colette Kress pushed to reduce circular financing agreements and scale back Nvidia's $250 billion deal with OpenAI, after which Jensen Huang allegedly called her a "deer in the headlights." It also states that the small cloud providers Nvidia invested in could not afford to buy its GPUs, making them a potential financial dead end.

1. 20:28
   TechCrunch · AI

   Jensen Huang didn’t show confidence in his successor, report says

   The Wall Street Journal reported, citing an anonymous source, that former NVIDIA CEO Jensen Huang described CFO Collette Kress, now interim CEO, as "a deer in the headlights" during a summer presentation and said she couldn't help him steer strategy or decision-making. The report said Kress had questioned Nvidia's program-focused, credit-based deals involving Huang's son-in-law Nico Caprez and had earlier scaled back Nvidia's commitment to OpenAI's Ohio data center project from talks of $250 billion in credit to a $105 billion commitment. Huang resigned Thursday after reports of two extramarital affairs, and Reuters reported he was having a third affair with another employee; Nvidia is searching for a permanent CEO.

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