Nvidia CEO Jensen Huang’s affair must be the costliest fling in human history – and a preview of what awaits when the tech bubble bursts, says Guardian columnist Aditya Chakrabortty
When one CEO’s personal scandal can erase hundreds of billions in market value, the problem isn’t just the CEO. It’s an industry that built critical infrastructure around a handful of celebrity founders and apparently forgot succession planning exists. Maybe the real AI hallucination was believing these men were irreplaceable.
When one CEO’s personal scandal can erase hundreds of billions in market value, the problem isn’t just the CEO. It’s an industry that built critical infrastructure around a handful of celebrity founders and apparently forgot succession planning exists. Maybe the real AI hallucination was believing these men were irreplaceable.
The problem is also that market value is made up.
The real problem wasn’t personal affair, but known circumvention of US export sanctions to China. So the US can sanction Nvidia, etc.