Source The Guardian · Published · Open the original ↗
Markets
Jensen Huang built an AI kingdom. Now he’s gone, will Nvidia’s ramparts be breached?
CEO’s affair and resignation has brought company’s murky corporate contracts and supply chains into sharp focus
Can the AI economy survive without its “central bank”? What does Jensen Huang’s fall mean for the world’s second-most valuable company, and what might a tremor in its fortunes mean for the world?
Nvidia’s sky-high valuation is based on the fact that it designs and sells the advanced AI chips, called graphics processing units (GPUs), that underpin the AI economy. Without these, AI models such as ChatGPT and Claude could not be trained and would not run.
This has made the chipmaker arguably the most important player in AI and, at times, the most valuable company in the world. Huang’s departure sent shares in Nvidia plunging 13% in early trading.
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