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One Resume Just Moved Every AI Stock
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1Jensen Huang resigns as Nvidia CEO over relationship scandal, AI stocks wobble
“Jensen Huang RESIGNED as Nvidia CEO. Not the chips. The HR file. Hi FRIENDS!! Global AI stocks slid, and the most recognizable face in the industry is suddenly out of a job.”
Nvidia CEO Jensen Huang stepped down amid reports of relationships with employees; Nvidia shares dropped and senators want him to testify.
2OpenAI, Google and Anthropic sued to halt frontier AI development
A new lawsuit asks a court to halt frontier AI development at OpenAI, Google and Anthropic; a separate suit claims neural network patent infringement.
3Microsoft outage knocks out Australia's spy agency and federal police
A Microsoft outage disrupted Australia's spy agency ASIO and federal police, among other services.
4SpaceX plans over $74 billion of AI campuses in Texas and Arizona
SpaceX said it will invest more than seventy-four billion dollars in AI campuses in Texas and Arizona.
Full transcript
[opener] Jensen Huang RESIGNED as Nvidia CEO. Not the chips. The HR file. Hi FRIENDS!! Global AI stocks slid, and the most recognizable face in the industry is suddenly out of a job. [story] Per AP News, Jensen Huang stepped down over reported relationships with employees. Reuters adds there was a second employee relationship. Nvidia shares sank. European markets slid off their record highs. And senators want Huang testifying under oath. Your retirement fund moved on one man's private life. Does that sound like a healthy market? [closer] Nvidia stock is the cheapest it has been against its own profits in fourteen years, and the chips are the same. That is the market admitting the AI boom was partly one man's face, and nobody says that out loud. Boards can replace a CEO. They cannot replace a BELIEF.
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