Following the departure of now-former NVIDIA CEO, Jensen Huang, a new report by The Wall Street Journal (via Wccftech) has emerged alleging that NVIDIA artificially inflated the ongoing GPU and memory shortage by investing in AI startups that would go on to buy NVIDIA GPUs and build data centers....
Who knows, each violation is up to $3754,000, or twice the value of the underlying transaction, with estimates of 240,000 to 1.2 million chips and each one would be a violation that could also carry 10 to 20 years of prison. So theoretically it could be a shit ton of fines and prison. Realistically, it’s going to be some slap on the wrist fine to NVIDIA, and Jensen will likely pay his lawyers more than any fine he’ll ever pay.
Almost 1 billion to the company ugly? Or 300k fine to Jensen ugly? Lol
Who knows, each violation is up to $3754,000, or twice the value of the underlying transaction, with estimates of 240,000 to 1.2 million chips and each one would be a violation that could also carry 10 to 20 years of prison. So theoretically it could be a shit ton of fines and prison. Realistically, it’s going to be some slap on the wrist fine to NVIDIA, and Jensen will likely pay his lawyers more than any fine he’ll ever pay.