Instead Of Lowering GPU Prices, Former NVIDIA CEO Jensen Huang Reportedly Financed AI Startups To Absorb Excess Silicon, Shattering The Shortage Perception

According to reports, former NVIDIA CEO Jensen Huang leveraged the company's balance sheet to finance AI startups and cloud providers to absorb excess semiconductor and memory shipments. The maneuvering reportedly created artificial demand to clear out surplus silicon and prevent GPU prices from dropping, amid a pivot by major cloud giants toward in-house custom chips. Longtime CFO Colette Kress subsequently pushed to scale back these financial commitments during an internal confrontation. Open article →