So Now We Gotta Talk About Huang's Wong

If just because the fact that Jensen Huang was forced out as CEO of Nvidia because of his affair and dodgy business dealings with what appears to be a Chinese spy.

If this disrupts the circular financing that is keeping the artificial intelligence Ponzi merry-go-round going to any significant degree, it will crash AI, and crash the economy. 

We live in the worst timeline ever.

On Tuesday, facing a mounting scandal about his affair with a suspected Chinese spy, Jensen Huang surprised his staff by summoning them to a planning session for his annual keynote presentation in Washington.

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But in private, facing the loss of his job and an ignominious exit from the company he co-founded 33 years ago, Huang had become a morose figure. He openly mused to colleagues that his relationship with his wife could now be more important than staying on as CEO, some of the people said.The next day Huang was out. He resigned after a hurriedly convened board meeting that went late into the evening in Santa Clara, following reports of a second affair, this time with a subordinate. Allegations of another relationship with an employee followed soon after.

It also appears that the graphics and AI chip manufacturer was violating export control rules as well. 

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Exports of the company’s world-leading AI chips to Chinese buyers are tightly controlled. Huang has pushed for those rules to be relaxed, arguing that controls were counter-productive and lobbying to be able to restart sales in the huge Chinese market.

Chris Miller, professor at Tufts University, said Huang angered a lot of people in Washington with his position on China. And Miller said Nvidia appears to have operated under “the belief that selling to a company that was primarily providing compute to Alibaba wasn’t a problem”.

It set the company up for a scandal that has now plunged the chipmaker at the centre of the AI boom into crisis, reverberating through global markets as investors struggled to gauge the level of impact on Huang’s web of investments and circular financing deals that some estimate could top a trillion dollars.

There is a brighter side to all of this, and not just the fact that the oft challenged to exceed reality writers at The Onion have something that can let them coast for a couple of days.

One of the more many loathsome members of the Trump administration may be caught up in this clusterf%$# as well.

The fallout has reached Commerce Secretary Howard Lutnick, as lawmakers on Wednesday demanded answers as to how his department allowed Nvidia’s chip sales to a company linked to an alleged Chinese spy.

Just a reminder, Lutnick hung out with Jeffrey Epstein and lied about it, 

He also illegally leaked confidential tax data to retaliate against political opponents.

That Lutnick may lose his job over this is icing on the cake.