Official PR from NVIDIA

    • Sumocat@lemmy.world
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      1 hour ago

      Edit: I misread that, but in my defense, I do not gender corporations and refer to them as they/them.

      Maybe. As the only other chief officer, it was already her responsibility to step up in an emergency. Appointing her interim CEO just makes her the official placeholder. Also, we all know this AI bubble is unsustainable, and Nvidia is holding a lot of it together, so the market could crash, regardless of what she does. She’s been put at least a bit on a glass cliff.

      “The glass cliff is a phenomenon described by psychologists Michelle K. Ryan and Alexander Haslam, in which women are more likely to break the “glass ceiling” (i.e. achieve leadership roles in business and government) during periods of crisis or downturn when the risk of failure is highest.” https://en.wikipedia.org/wiki/Glass_cliff

  • FrogCat@piefed.social
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    3 hours ago

    Imagine being one of the wealthiest people in the world, with a great job and a loving family, and then throwing it all away because a Chinese spy complimented your leather jacket collection

    • Nola@piefed.zip
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      26 minutes ago

      Throwing it all away?

      Even after losing his job and the divorce settlement he’ll be one of the wealthiest people on the planet and to ever live.

      It’s not like this is China where they will actually jail or execute CEO’s.

      Capital still runs the show.

    • eleijeep@piefed.social
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      3 hours ago

      You could tell from stuff he’s said publicly in front of the camera that it went to his head a long time ago.

      People like him will always be their own worst enemy.

      • db2@lemmy.world
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        2 hours ago

        The whole CEO signing tits like he thinks he’s a rock star was pretty insane.

      • deadcream@sopuli.xyz
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        2 hours ago

        Cheating is not really exclusive to the rich. People of all classes and backgrounds cheat.

        • Rothe@piefed.social
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          2 hours ago

          Sure, but the small handful of people who are CEOs of multibillion tech companies are all arrogant, pathologically narcissistic psychopaths.

    • DekSomBoon@lemmy.today
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      3 hours ago

      I’m already tried of the affair-story. Jensen illegally sold GPU’s to China, with some help and possibly pressure from Alice. What people should be caring about now is whether he’s going to prison or not

      • Nola@piefed.zip
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        18 minutes ago

        Honest question, why should I give a shit that some CEO wanted to sell GPU’s to China?

        Of all the things I would want to see an American CEO put into jail for, selling GPU’s to China(which everyone knew was happening) and being semi in favor of China’s open weight AI development strategy that would be better from a consumer perspective is close to the bottom of that list.

        Put the CEO’s in jail for systematically exploiting global south labor for decades. For colluding to bribe politicians and override democratic processes to force data centers into communities. For stealing more productive human output in a few years then all the labor theft in the whole history of capitalism.

          • Quetzalcutlass@lemmy.world
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            2 hours ago

            Eventually and after much outcry. Don’t forget that the first case against him in the 2000s was made to go away - including providing legal immunity to Epstein and any potential co-conspirators - and the guy responsible was later given a position in Trump’s cabinet until the whole thing went public.

      • Seralth@piefed.seralth.com
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        2 hours ago

        Like if America is so concerned about chips being sold to China. Why have they not locked down Nvidia and AMD under matters of national security and defense.

        Like it really feels like this entire thing is a fucking mess.

        • Nola@piefed.zip
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          10 minutes ago

          Please don’t give them any more ideas lol, what OpenAI, Google, and Anthropic want is exactly more stuff like this.

          They want a “moat” around their services. Protected by the most powerful government in the world, the US.

          Almost everything these companies have done has been an attempt to keep this tech and it’s supply chain as closed and proprietary as possible.

          Hell, Sam Altman is out there saying the quiet part out loud that they don’t even want consumers to have direct access to things like ram anymore.

          And frankly, I wouldn’t be shocked if the reason this is happening is for that very reason. A justification they can carve out to justify letting Nvidia stock fall as they simultaneously lock down the tech in a way only US AI companies will be able to easily use it.

          I think like almost everything else America does it will bite us in the ass longterm, but this is directly giving the AI companies what they want. And I suspect we are on the road to that happening.

        • steelplatedmech@piefed.ca
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          1 hour ago

          Could be Jensen was bribing the US president to sell chips to China and taking advantage of the period of any politician is openly for sale, but now with the power shift of the House and Senate and possible investigations.

          It felt more prudent to get ahead of the story before January when the new elected official take their seats. Maybe he’ll buy a pardon.

    • MangioneDontMiss@feddit.nl
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      2 hours ago

      he hasn’t really thrown much away. this just gets him out of the public eye a little bit. he still keeps getting paid. he only loses his salary which constituted like 4% of his income. He’s doing this because he knows if nvidia’s stock continues to tank, the majority of his income and most importantly… his 100+ bil worth of stock value… also tanks.

    • andallthat@lemmy.worldOP
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      3 hours ago

      She did what? I mean, the sex I can understand; it’s all part of the job if you’re in the spy business. But complimenting that jacket is… just too degrading.

      Other than that, I know losing your job in this economy is tough, but I don’t think Huang is going to have too much trouble paying his mortgage for a few lifetimes. I am so sorry for his family, though.

    • deliriousdreams@fedia.io
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      2 hours ago

      I hope he is that stupid. Putting a flipped Chinese asset in his cabinet or in any position in the federal government while there’s an active probe into the legality of that person’s conduct.

  • mkwt@lemmy.world
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    2 hours ago

    Analysts at Bernstein downgraded Nvidia and sharply lowered their target for its share price. “Our gut tells us that we probably haven’t yet fully probed the depths of what might be found here,”

    • comador @lemmy.world
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      3 hours ago

      When Nvidia’s value has suffered as a result, its board and shareholders would say it didn’t happen fast enough.

      • berty@feddit.org
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        2 hours ago

        Given that Huang basically is the face of Nvidia I didn’t expect it that fast or that this happens at all. I’m kinda suprised.