bjpz77 retweeted
The 28-year-old today.
1985: median home ~$76k–$84k, median household income $23.6k (price ~3.2–3.5× income), 30-yr rate ~12.4%. 20% down took ~8 months of income; monthly P&I ~$620–$680 (~32% of income).
2025–26: median home ~$415k–$429k, income $87.5k (price ~4.9–5.1× income), rate ~7.1–7.3%. 20% down takes ~12 months of income; monthly P&I ~$2,300–$2,350 (~32% of income).
Same payment share of income, but today’s buyer faces a much larger absolute price multiple and steeper down-payment hurdle relative to earnings. High 1980s rates later fell and could be refinanced; elevated prices do not.
bjpz77 retweeted
彭博社：习近平的继任困境
未来六年，习近平将面临两个重大决定，这两个决定将决定他的政治遗产能否持久，以及中国名义上的共产主义政权能否稳定。
第一个决定是是否启动接班人程序，习近平最有可能采取的做法是拖延和推迟这一程序，方法是在常委中安插一些被认为年纪太大无法接替他的干部。
习近平在2032年党代会之前必须做出的下一个决定将更加艰难。届时他将年近八旬，他的健康状况以及过去二十年的执政记录都将受到更严格的审视。此前已显现的“习近平疲劳”——即认为这位中国领导人已经执政过久的情绪——将会更加普遍。在此背景下，这位中国领导人将不得不在两个同样令人难以接受的选择中做出抉择：要么继续担任所有职务，要么卸任党总书记一职，并任命一位他可能并不熟悉或足够信任的年轻领导人接任。
尽管年迈的独裁者可以诉诸恐惧统治来保住权力，但他们必须权衡不惜一切代价保住权力与维护自身政治遗产之间的艰难取舍。很少有政权能够和平交接权力，因为统治者们疑神疑鬼，担心即使是自己钦点的继承人，也可能积聚过多权力并密谋反对自己。对大多数强人来说，最简单的解决办法就是根本不设立继承人。
苏联已故独裁者约瑟夫·斯大林没有指定继承人。毛泽东在文化大革命（1966-1976）期间清洗了两任继任者，最终也未指定明确的继任者便在位去世。斯大林和毛泽东都从这种无限期的统治中获益，权力一直延续到去世。但这种选择并非没有代价。首先，维持庞大的政府机构运转所需的时间和精力会严重消耗年迈独裁者本已虚弱的健康状况，并可能加速其身体衰退。更重要的是，如果没有值得信赖的继承人，去世可能会破坏政权的稳定及其政治遗产。
斯大林于1953年去世，立即引发了一场残酷的权力斗争。最终的胜利者尼基塔·赫鲁晓夫在三年后的党代会上发表了长达数小时的演讲，谴责其前任的专制统治，并在此后不久发起了一场去斯大林化运动。
毛泽东的权力继承问题直到他于1976年9月去世四周后，才通过一场军方支持的政变得以解决。政变领导人和获胜者华国锋缺乏威信，不到两年后，他就在与邓小平的权力斗争中败下阵来。邓小平坚信改善中国人民的生活能够赢得支持，于是推行了“改革开放”运动，抹去了毛泽东的大部分政治遗产，包括农业集体化和中国实行的经济封闭。
在天安门事件期间，邓小平和强硬派推举江泽民接替赵立坚，但江泽民并非理想人选。江泽民既是技术官僚，又是政治投机分子，1989年就任中共中央总书记后，他采取了摇摆不定的策略。到了1992年初，邓小平对江泽民的摇摆不定感到厌倦，据说甚至想把他撤职。最终，一位资深革命人士的干预才保住了江泽民的职位。
对邓小平来说幸运的是，江泽民的死里逃生经历使他成为了一名坚定的邓小平主义者：他坚信中国只有通过资本主义和一党专政相结合的方式才能实现现代化。由于对江泽民的经济才能缺乏信心，邓小平在1992年秋季的关键性党代会上提拔了真正才华横溢的技术官僚朱镕基担任中国经济沙皇。
由于担心江泽民两届任期结束后会拒绝下台，邓小平采取了一项前所未有的举措：他为自己的继任者指定了继任者。1992年，他提拔了当时49岁、精力充沛但履历尚浅的胡锦涛，这是一次大胆的赌博，最终获得了成功。
在接下来的二十年（1992-2012年）里，江泽民、朱棣文和胡锦涛忠实地执行了邓小平的威权现代化战略。中国经济蓬勃发展，这在很大程度上要归功于私营企业的爆炸式增长，尽管一党专政的统治依然得以维持。
熟知中共及前苏联历史的习近平，必然了解共产主义政权中两种权力交接模式的利弊。相对而言，邓小平显然比斯大林和毛泽东都做得更好。在他的统治期间，他一直采取间接施政的方式，只在继任者偏离其战略方向时才进行干预。这或许也使他得以长寿。（邓小平于1997年逝世，享年93岁；斯大林逝世时74岁，毛泽东逝世时82岁。）矛盾的是，邓小平通过放弃行政权力，最终找到了能够胜任其政策的继任者，从而将权力保持到生命的尽头。
然而，从习近平的角度来看，邓小平模式可能并不吸引人。首先，这事差点就发生了：如果江泽民在1992年没有面临被解职的威胁，他很可能只会沦为邓小平的又一个官僚，在他去世后对邓小平的施政纲领也无所作为。选择胡锦涛作为江泽民的接班人，既是高明的权谋之举，也是孤注一掷的赌博，因为邓小平对胡锦涛的才能和执政能力知之甚少。
从习近平迄今为止的政治运作来看，尤其是在他成功地将许多年轻领导人排除在中共核心圈子之外方面，他显然倾向于斯大林-毛泽东式的无接班人继承模式。这意味着习近平将没有值得信赖的门徒来维护和延续他的政治遗产。人们可以想象，这可能会导致类似于毛泽东去世后的情况：成千上万在习近平清洗中受害的人将被平反，他的国家主义经济政策将被扭转，他的个人崇拜将被悄然瓦解。
在习近平看来，这是值得冒险的。强人相信，有保障的无限期统治远比长久的荣耀更有价值。这就是为什么他们下台后很少有人怀念他们的原因。
bjpz77 retweeted
🚨 JUST IN: Treasury Sec. Scott Bessent reveals he, Marco Rubio and SecWar Hegseth wanted to put China-linked MEGASPEED on the entity list for MONTHS, but Sec. Howard Lutnick never did it
Megaspeed is the Singapore firm run by Alice Huang, the suspected CHINESE SPY tied to ousted Nvidia CEO Jensen Huang
"You will have to ask [Commerce] about their internal process...I am frustrated when President Trump made it very clear that China should not receive any Nvidia chips above H100s. And so any leakage is very frustrating because it hurts our great companies and the AI race, gives the Chinese an advantage."
It spent more than $4 BILLION on Nvidia AI chips and is suspected of smuggling them into China
bjpz77 retweeted
🚨 NOW: Treasury Sec. Scott Bessent just made it clear that Nvidia Board forcing out Jensen Huang does NOT let the rest of the company off the hook ‼️
"We don't know for a fact Jensen Huang knew this."
"The story was on Jensen Huang's personal foibles. The REAL story should be, did Nvidia know their client? Was there a robust effort to make sure there was no leakage? That they were selling to what were obvious pass-through shell companies!"
"It's important ANYONE at the company THERE be held accountable for THAT."
Megaspeed became one of Nvidia's BIGGEST AI chip customers, reportedly spending more than $4 BILLION
There were already questions as to whether they were being routed to China. We can't hand China an inch!
The Board cannot just push out Huang and think it all goes away.
bjpz77 retweeted
Tripp Mickle, the NYT journalist who broke the Jensen Huang story, says he was originally tipped off by a “tech industry contact”
bjpz77 retweeted
Whether or not Alice Huang had been recruited by the Chinese Ministry of State Security has always been a tertiary issue.
What’s quite clear is that:
1. She has been a large Nvidia customer (and a sexual relationship with her is highly problematic from a corporate policy and governance perspective for Jensen on those grounds alone)
2. She is controlling a shell company Megaspeed dedicated to smuggling compute to both US Govenment-listed Chinese AI companies and to data center build outs in China itself - all in serious violation of US law, potentially making Jensen part of a criminal conspiracy to evade US export controls.
3. She is connected to an entire web of Chinese shell companies trying to do the same.
Jensen wasn’t fired because he had an affair with an alleged MSS agent. He was fired because he:
1. Had at least one and now, quite plausibly, multiple affairs with people in his reporting chain in violation of company policy. Something that has gotten numerous CEOs fired over the years, including at Intel and McDonalds.
2. Lied to his board about his
relationship and forced the company to put out false statements to the public, putting it in legal jeopardy.
3. Was involved in a sexual relationship with a Chinese smuggler that had violated US export controls laws and provided her with billions of dollars of Nvidia chips that facilitate that criminal activity.
4. By lying and hiding that relationship from his family, the company, and the public, he put himself in a position to be blackmailed by Chinese intelligence services.
5. He very likely ordered his general counsel to interfere in an investigation by US government into his mistress’ smuggling operation.
6. He presided over stunning and extensive compliance failures to investigate and prevent his chips from being smuggled illegally into Chinese mainland and being provided to PLA affiliated institutions, all in violation of US law.
This is a shocking indictment of him and his record and the board clearly had no alternative but to fire him.
Bombshell story. The spy narrative is collapsing already.
Is there clear & convincing evidence that Alice Huang was a Chinese spy?
- AG says no. (“no conclusions reached”).
- CIA says no. (“not yet convinced”).
- DNI says no (“not entirely accurate and over-torqued”).
- Ranking Democrat on House Intelligence (incoming Chairman) says no. (“today, at least, I don’t know”). This was immediately after he was briefed.
Who argues otherwise? Anonymous officials tell CNN “it strains credulity to believe that she was not acting as an agent of the Chinese government — simply by virtue of the fact that she is a successful Chinese businesswoman working with one of America’s most powerful companies.”
This is their proof after a year of investigating and surveillance? That she was a “successful Chinese businesswoman”?
At this point, the only crime that we know for sure happened is the leaking of the classified memo. Who did that and why?
An investigation should be opened.
bjpz77 retweeted
Este texto, lleno de groserías usadas con precisión quirúrgica, es de lo mejor que he leído sobre el escándalo de Jensen Huang.
theringer.com/2026/11/12/tec…
bjpz77 retweeted
🚨 Another major scandal is coming out of NVIDIA.
And this one has nothing to do with Jensen Huang's affairs.
According to a Wall Street Journal report, Nvidia was offering billions in financial guarantees to AI companies that could not afford its chips, so they could keep buying them.
Some of these deals were being pushed by Jensen's own son-in-law, Nico Caprez, who became a vice president in January. His team was telling small cloud companies and data center builders that Nvidia could arrange credit support for them within a couple of weeks.
The goal was simple: turn them into long term buyers of Nvidia GPUs.
And the size of Nvidia's commitments has exploded. Its own filing shows $530 BILLION in commitments and guarantees, up from $184 billion just one quarter earlier.
Inside the company, CFO Colette Kress was raising concerns. She kept asking how these guarantees were priced and what Nvidia was really getting back.
In an August meeting, Jensen cut her off and called her "a deer in the headlights."
She was also the one who cut Nvidia's guarantee on OpenAI's Ohio data center from $250 billion to $105 billion.
Now Jensen is gone, and the CFO who questioned these deals is running Nvidia.
To understand why this is a big deal, you need to understand the AI funding loop.
Here is how it works:
1. Nvidia puts money into an AI company, or guarantees its loans and leases.
2. That company uses the money and credit to build a data center.
3. The data center is filled with Nvidia GPUs.
4. Nvidia reports those GPU sales as revenue.
5. If the company cannot rent out all its computing power, Nvidia agrees to buy the unused part.
SO NVIDIA IS THE INVESTOR, THE LENDER, THE SUPPLIER AND THE BACKUP CUSTOMER, ALL IN THE SAME DEAL.
The money goes out of Nvidia and comes back to Nvidia as sales.
CoreWeave is the clearest example. Nvidia owns a stake in it, sells it chips, and agreed to buy up to $6.3 billion of its unused computing capacity through 2032.
OpenAI is the biggest. Nvidia is guaranteeing up to $105 billion for its Ohio data center, supplying all the chips inside it, and invested $1.5 billion in the company building it.
Nvidia's own filing for the quarter ending July 26 shows where the money is tied up:
• Supply commitments for memory and chip wafers: $279 BILLION, up from $119 billion.
• Guarantee on the OpenAI Ohio data center: up to $105 BILLION.
• Deals to buy unused cloud capacity from neoclouds: $36 BILLION.
Nvidia's actual liabilities on its balance sheet: $91 BILLION.
That means the commitments outside the balance sheet are almost 6 times bigger than the debts on it.
Nvidia does not lose this money unless something breaks. A guarantee only costs Nvidia if a customer cannot pay.
But this is where it gets uncomfortable.
The WSJ says Jensen himself had started to panic. He warned executives that the biggest cloud companies were moving to their own chips to depend less on Nvidia.
At the same time, the wafers and memory Nvidia had committed to buy were coming at him like an "avalanche."
So the biggest customers were trying to leave, Nvidia was locked into buying huge amounts of supply, and smaller customers were being kept alive with Nvidia's credit.
And things were already starting to crack:
• Nvidia paused some of its financing deals in August.
• Nearly half of the $80 billion in data center bonds issued this year were rated junk.
• Neocloud stocks crashed this week, with Nebius down over 20% and CoreWeave down 17% at the lows.
• OpenAI raised less than it wanted, at a lower valuation.
And now Kress is the one deciding whether this continues.
If she pulls back on the financing, the companies that depended on Nvidia's money will have to borrow elsewhere, in a debt market that is already nervous.
If they cannot, they stop buying chips.
And if they stop buying chips, Nvidia's revenue drops.
That is the risk of a loop. It works perfectly when money keeps flowing, and it hurts on the way down.
bjpz77 retweeted
A year ago, we asked Nvidia about a Shanghai data center with links to Alice Huang. They declined to answer our questions and insisted that when it came to Megaspeed, there was nothing to see
We now have filings showing there are indeed banned Nvidia chips at that site
Thread:
bjpz77 retweeted
This might be one of the saddest and most shocking downfalls we’ve ever seen in the technology industry.
Bloomberg just published a detailed account of Jensen Huang’s final hours as NVIDIA CEO, and some of these details are genuinely hard to believe. According to people familiar with the situation, Jensen was a completely different person during his final hours at NVIDIA. The same man who spent 33 years building one of the most valuable companies in the world, who was known for his relentless energy and obsession with every little detail, reportedly looked completely defeated. His usual commanding personality was gone. He reportedly started responding to things with “whatever” and “I don’t care.” This is someone who was famous for managing around 60 direct reports and personally reviewing employees five biggest priorities, often responding to emails at all hours of the night. Bloomberg says even those responses had started slowing down as the scandal intensified.
And the way everything unfolded is even crazier. When reports first emerged about Jensen’s relationship with Alice Huang, who has been accused of having connections to Chinese intelligence, NVIDIA’s board was initially reluctant to take action. Jensen had reportedly denied being unfaithful for months, including when questioned internally. But after additional reporting surfaced, NVIDIA’s general counsel confronted him at his home, where he admitted to the affair. The board eventually launched an investigation, and Jensen publicly apologized to his family and employees. But things took another turn Wednesday when reports surfaced about another relationship involving NVIDIA executive Kimberly Powell, who reported directly to him. That appears to have been the final straw.
NVIDIA’s directors held an emergency meeting that stretched late into Wednesday night. According to Bloomberg, Jensen was ultimately given no choice but to resign, ending his 33 year association with the company he co-founded. And perhaps the most heartbreaking part of the entire report is what happened afterward. Jensen has reportedly been calling himself a “piece of sh–” and telling people he no longer cares what happens to him. His biggest concern now is his wife and making sure the women linked to him don’t have their lives destroyed by the scandal. Think about how quickly everything changed. Just two weeks ago, Jensen was arguably the most influential person in the entire AI industry. He was meeting with world leaders, influencing American technology policy, negotiating enormous partnerships, and helping shape the future of computing. Now he’s out of the company he spent more than three decades building.
And the situation isn’t necessarily over. Jensen is expected to testify before Congress about his relationship with Alice Huang and whether any sensitive NVIDIA technology or information could have been compromised. I’ve said this before, and I’ll say it again. I genuinely believe Jensen is one of the greatest technology CEOs of our generation. What he accomplished at NVIDIA changed the trajectory of the entire AI industry, and nothing that happened this week erases those contributions. But being an extraordinary CEO doesn’t excuse serious personal misconduct or potential national security concerns. It’s just incredibly disappointing watching someone who built something so extraordinary potentially destroy his own legacy in a matter of weeks. NVIDIA will survive and I still believe the long term AI infrastructure story remains intact. But I don’t think people fully appreciate just how difficult replacing Jensen is going to be.
bjpz77 retweeted
#观点 黄仁勋因何跌落神坛？傲慢与自负。他费了很大力气掩盖自己的傲慢。英伟达内部有一种难以打破的缄默文化，这让黄仁勋得以得以肆无忌惮地展现自己最糟糕的一面。事实上，黄仁勋几乎不能容忍异议，也几乎没有开放讨论的能力。他的陨落是关于男性如何因鲁莽自负而自取灭亡的故事。cn.nytimes.com/opinion/20261…
bjpz77 retweeted
A third Jensen affair (with another NVIDIA employee) just dropped. reuters.com/technology/forme…
bjpz77 retweeted
I have a major result to share.
I’ve found conclusive forensic evidence that the top 4 Chinese AI labs—DeepSeek, Moonshot, MiniMax and Ant Group—have built their newest models on NVIDIA’s most advanced Blackwell chips, which are barred from export to China.
This sounds insane, but I discovered that almost every AI model carries a hidden signature of the GPU that trained it. When a model is first set up, the starting values of its weights are laid out in a pattern that depends on the exact GPU. Each combination of GPU and seed number produces a unique pattern—a sort of fingerprint of the hardware used to create the model. Traces of that pattern survive training into the published model.
Again, this evidence isn’t based on any insider information or leaking. It’s based on a forensic analysis of the model weights released by the companies themselves.
I searched more than six trillion combinations of chip layout and seed number and matched them to open-weights models. In doing so, I found conclusive evidence that six Chinese AI models—including DeepSeek-V4-Pro, Kimi K3, and MiniMax-M3—were initialized on NVIDIA Blackwell systems. Four of the models match Grace Blackwell, the GB200 and GB300 parts in NVIDIA’s flagship liquid-cooled rack-scale systems.
I then verified these results on real hardware. Running unmodified PyTorch with the seeds I’d recovered, a Blackwell B300 reproduced DeepSeek-V4-Flash’s untouched starting weights bit for bit, and a rented GB200 reproduced Kimi K3’s to a correlation of 0.999995. A Hopper H100 reproduced none of DeepSeek-V4-Flash’s, and changing the seed by one broke the match. (DeepSeek’s seed is 953049583 by the way.) The method also was verified to match 24 known open-weights models to the hardware that developers said they used.
It is exceedingly unlikely that these results are a coincidence. Across six trillion combinations, the best accidental match should reach only about 8 sigma (i.e., eight standard deviations above what random chance would produce). The real matches range from 49 to 1,385 sigma, and even the weakest single test hits 20.
These were data-center-scale training runs. With some analysis of release schedules and model details, I estimate that the largest, Kimi K3 and DeepSeek-V4-Pro, used 2,000 to 3,000 Blackwell GPUs each. Clusters of this size cost on the order of $150 to $200 million each to buy, and across these labs alone would add up to more than half a billion dollars of export-controlled GPUs, not counting experimental compute or otherwise. It’s quite likely that we see multi-billion dollar expenditure on export-controlled GPUs.
I am highly confident in this result, and it has been independently verified by senior researchers at OpenAI and Anthropic. You can read the full report at unemploymentlabs.com/checkpo….
There is much more I’ve identified about these models through other forms of checkpoint forensics like this, and will have more to share soon.
bjpz77 retweeted
I understand the hesitation to accept US intelligence allegations that Alice Huang was spying for Beijing’s Ministry of State Security (MSS). Years of Deep State overreach, including the discredited Steele dossier, have made such claims harder to take at face value.
That said, the combination of intelligence assessments with corporate records, travel patterns, financial flows, and her personal background makes the MSS-linked explanation the most credible one currently available.
Her trajectory fits known MSS patterns of long-term cultivation rather than an opportunistic affair to expand business.
Alice Huang grew up in Xiangtan, Hunan, in a residential compound tied to Jiangnan Machinery Factory, a former Soviet-supported state-owned defense enterprise that produces smart munitions and other military products. That places her early life inside the party-state defense system. From there, her path unfolded in stages.
She began with a brief stint in media (Hunan Satellite TV and CCTV). Official databases and longtime staff checks have turned up little, suggesting the work was primarily a stepping stone. By associating herself with the outer circles of these outlets, she built a public persona and gained social credibility through the identity of a journalist while developing sharp interpersonal judgment, speaking skills, and the ability to manage social situations.
She then moved into offshore finance. Entering Hong Kong’s financial sector in 2008, she worked at HSBC private banking and CITIC Securities. There she learned the mechanics of large asset transfers, offshore trust structures, and leveraged financing while building deep connections among wealthy people in Hong Kong and mainland China. This provided practical groundwork for her later role as an offshore intermediary handling chip deals worth billions of dollars.
Next she learned to navigate the gray areas of China’s A-share market. After joining Shanghai Hersing Investment, she and her husband Kang Wei moved into public-facing dealmaking roles. Huang was deeply involved in the FCOM backdoor listing case and the subsequent collapse of LMBB Finance, a major illegal fundraising case involving more than 83 billion yuan (about $11.6 billion USD), whose principal defendant received a life sentence. Yet Huang somehow emerged unscathed, which strongly suggests that special state-security connections protected her.
A mysterious four-year gap then suggests closed-door specialist training. Between 2019 and 2023, Huang’s public résumé was completely blank. Intelligence assessments identified this as the period when she underwent intensive closed-door MSS training. She advanced from an ordinary financial intermediary to a strategic intelligence operative where she became fluent in cutting-edge chip terminology, familiar with methods of evading restrictions, and trained to study the psychological profiles of specific senior targets.
Finally, she was positioned to present herself as a computing industry heavyweight and move in on the target. As the United States tightened export controls in 2023, the MSS arranged for her to quickly take over 7Road’s Singapore business and rename it Megaspeed. She became a major buyer, spending billions of dollars on servers and creating a natural opening into the heart of NVIDIA’s supply chain.
Given the relationship between the Chinese state and its citizens, it is important to note that she did not need to be a full-time intelligence officer to serve as a useful cut-out for chip acquisition and relationship-building. Chinese spycraft is rarely in the James Bond mold.
At the end of the day, NVIDIA controls the overwhelming majority of the global market for AI training chips. Anyone who can shape its allocation decisions or the political environment around export controls obtains a direct lever on the computing power available to Chinese military and industrial AI programs.
Jensen Huang has been among the most effective and consistent public advocates for selling more advanced chips to China. He has direct access to senior US and European decision makers and has argued that restrictions are counterproductive. An intimate relationship that created emotional and commercial interdependence offered a dual channel: potential insight into NVIDIA technology and US policy thinking, plus a trusted voice who could continue lobbying against tighter controls.
His personal and organizational style amplified the risk. NVIDIA has a notably flat management structure with limited layered screening around the CEO. Huang is outgoing, socially gregarious, and comfortable in informal settings, wading through crowds in Taiwanese night markets, enjoying whiskey gatherings, and customer dinners. That approachability is an asset in normal business but it is also the kind of surface area that a professional intelligence service looks for when it deploys a cultivated asset who already speaks the technical language, holds a legitimate customer identity, and can operate in plain sight.
Since Chen Yixin took leadership of the MSS, the service has shown a more aggressive posture toward high tech supply chains, combining offshore financing, shell companies, and targeted personal relationships. Jensen Huang is at the intersection of this technological chokepoint and political access, making him a priority target.
Of course this doesn't PROVE that specific secrets left NVIDIA or that Huang’s lobbying was the direct product of the relationship. But it does show why US intelligence treated the case as a serious counterintelligence matter rather than gossip, why Taiwan monitored the visits, why short sellers and journalists were already examining the commercial links, and why the background and financial architecture are difficult to dismiss as coincidence.
The comparison to the Steele dossier is understandable given past overreach, but the sourcing, timeline, multi-jurisdictional scrutiny, and open source commercial red flags here are materially different.
So what’s the actual evidence that Jensen Huang was shtupping a Chinese spy? What’s the independent, reviewable evidence that she is a spy?
Is it anything more than whispered references to supposedly classified memos and dossiers nobody has actually seen? What’s the evidence underlying these memos?
Because I’ve seen that movie before with the Russian collusion hoax, and it was all nonsense cooked up by Trump’s political competition. Is any of this real, or just another Steele dossier/ICA?
The entire rollout of this story to me seems like industrial sabotage designed to knock out a high-performing competitor. I don’t have strong opinions in either direction (I don’t own any NVIDIA stock or AMD stock or tech sector funds or anything like that), but something doesn’t smell right to me. The whole thing just feels a little too coordinated and a little too cute.
bjpz77 retweeted
Exclusive: Two weeks after Washington banned the A800 and H800, a Chinese company tied to Alice Huang's family disclosed it had become an Nvidia preferred cloud partner.
Full story: thein.fo/4BUkOiw
bjpz77 retweeted
Jensen Huang’s Four-Day Problem: Who Orchestrated Megaspeed’s Restructuring—Alice or Jensen?
Four days.
Just as Washington tightened AI chip export controls, Alice Huang’s Megaspeed began transferring ownership to a newly established Singapore company.
Four days later, it reportedly became an Nvidia Cloud Partner.
Coincidence? I doubt it.
The more important question: Who orchestrated the restructuring—Alice or Jensen Huang?
My latest Substack examines the timeline, the regulatory incentives, and the questions Jensen needs to answer.
desmondshum.substack.com/p/j…
bjpz77 retweeted
This will get missed in the news of Jensen resigning, but it's super important.
Singapore says it was holding Alice Huang's passport thru Feb 2026, but got little help from the U.S. in its investigation. Trump was briefed on Alice in fall 2025.
That means the U.S. did nothing for months as Singapore held a Chinese spy who the U.S. knew was in a relationship with the most important person in A.I. Hard to understand. nytimes.com/2026/11/12/busin…
bjpz77 retweeted
Hillary Clinton Blames the Trump Administration for the Jensen Huang Scandal
“If your government knows that an American citizen is a target of an espionage operation, and you have reason to believe he does not know that … then you owe it to him to tell him. They didn't tell him.”
bjpz77 retweeted
Stunning report. At this point it seems like Howard Lutnick and Jeff Kessler are just outright defying the President's orders on export controls. The President apparently ordered Secretary Lutnick to crack down on China's access to controlled AI chips in Southeast Asia--and reportedly has ordered this three separate times--and they're just...not doing it.
Why is Lutnick refusing to act? Why is he allowing China to continue to get AI chips via Southeast Asia? At this point, Lutnick isn't just protecting Nvidia, he's straight up protecting Chinese companies--reportedly against the wishes of the President and the entire rest of the Cabinet. Is Lutnick personally benefitting from China getting access to AI chips?
This is a total breakdown inside the administration on a major national security issue. There has to be accountability for this. Congress obviously will investigate, but how is it that the President's own appointees are just refusing to execute the President's orders? I've never seen anything like this.
SCOOP: President Trump authorized a crackdown on companies suspected of diverting Nvidia's advanced AI chips to China on Thursday, but one administration official repeatedly stood in the way: Commerce Secretary Howard Lutnick. axios.com/2026/11/11/trump-l…
