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Nvidia is preparing to oust CEO Jensen
(lemmy.nz)
Nvidia's (NVDA.O), opens new tab board is preparing to oust CEO Jensen Huang after he had two extramarital affairs, including one with a suspected Chinese spy, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
The board is preparing to meet as soon as Wednesday to determine his future, the report added.
It took them this long to figure out that maybe he can’t be trusted? I’m not overwhelmed with confidence in Nividia’s board.
It's not about how competent or trustworthy he is, and all about gauging public perception.
AI-boom nVidia is about perception, less so substance.
Pre-AI boom, nVidia might come to a partner with a pitch asking for 5 million dollar investment to try to flesh out some concept they have. They'll present a detailed explanation of what they are thinking, analysis of expected performance enhancements, some reference customers, revenue projections with anticipated margins, and maybe a six month exclusivity for the investment.
AI-boom nVidia comes to a partner and has a very vague idea not well described and says "give us 50 million". No details, no analysis, no market projections. Instead "first company to commit gets their logo on a deck with Jensen on stage, other companies will get a verbal mention after the top billing".
For more expensive commitments, your CEO is allowed to come onstage with Jensen. For ungodly more, Jensen will come to your CEO's event.
They made "association with Jensen" the product for partners to covet. So they now weigh how much being a chump to Chinese intelligence and affair with a subordinate weighs against their 'rockstarification' of Jensen.
All boards are pretty easily distracted and placated in this way.
The meme is very accurate, despite being a meme.
It’s amazing how blinding numbers going up can be.
I think it would be silly to argue that they only figured that out know, or that they genuinely think that his affairs are what make him untrustworthy.
They could easily try to play it off and most people probably wouldn't give a dime. They'd hear about it in the news, discuss it in social media and with their friends, but would anybody stop using LLMs because of it? Would any significant amount of people sell NVIDIA stock "just" because he had an affair (or two or three or....)?
I am not trying to defend him, but I genuinely do not think that the business side of NVIDIA would actually be affected by this.
However, how else could the NVIDIA board even go about firing Jensen Huang from his own company without a publicly disclosed affair with a Chinese spy or a similar situation? I don't think they could, even if some people on the board or in the company were unhappy with him.
And to wrap back around to my first point: Maybe this covers up for something else? Why would they want to fire their CEO that has been printing them loads and loads of cash and will probably continue to do so for the next few years? I am not convinced that the board actually cares about him having an affair with that Chinese spy, but I obviously am just talking out of my a** lol
It makes sense for the company to distance themselves from Jensen about the GPU smuggling.
It's not like Jensen himself is out there dealing the smuggled goods. The board likely knows, I am guessing it's more of a disagreement between the guy who holds lot of power and the board who wants more control. Those money hungry fucks would defend Jensen claiming it was legal if it was in their interest, they have the layers for it. Of course, all we can do is just speculate, and wait and see.