AI Bubble: 'Circular financing is over' | Ed Zitron
In an episode of The Tech Report, host Isaac interviews writer and Better Offline host Ed Zitron about Jensen Huang's resignation as Nvidia CEO after reports of a second affair, with CFO Colette Kress stepping in as interim CEO. Zitron alleges Huang ran a large illegal GPU smuggling operation shipping Nvidia chips to China and says Nvidia's circular financing—acting as the "bank of AI" with $30 billion into OpenAI and about $5 billion into Anthropic—was holding up the AI bubble, and he forecasts Huang's exit could end it.
