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Finance

Jensen Huang was a busted flush at Nvidia – he had to go | Nils Pratley

CEO was viewed as ‘irreplaceable’, but recklessness of affair with a woman regarded by US officials as a Chinese spy made him a political liability Half the tech world made up its mind before the facts could be assessed properly. Jensen Huang was “irreplaceable”, said the chorus at the start of this week. Nvidia would melt without the co-founder’s brilliance, apparently. The chipmaker’s board had to find a way to save its genius for the sake of corporate America and the entire AI universe. It was always nonsense because, after the passage of only a few days since his confession of infidelity,

The Guardian
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Crypto

KPMG Counts Every Gold Bar as Tether’s XAUT Clears $2.24 Billion Audit

Tether announced Thursday, Nov. 12, that KPMG U.S. completed an independent financial audit of XAUT issuer TG Commodities, delivering an unqualified opinion on its 2025 financial statements after verifying more than $2.24 billion in physical gold reserves. Tether’s latest announcement marks another accounting milestone for the stablecoin heavyweight, with KPMG issuing an unqualified opinion on […]

Bitcoin.com News
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Finance

Thanks to American oligarchy, Jensen Huang’s midlife crisis is a problem for all of us | Moira Donegan

At a time when individual men wield massive power, the ramifications of the Nvidia CEO’s affair could be enormous One of the reasons you want to distribute power and responsibility in powerful organizations and high-stakes enterprises is so that the narcissism or myopia of one man do not come to carry outsized consequences. When power is spread out across multiple people, it matters less if one of those people is prone to flattery, or in the midst of a midlife crisis, or perhaps just a bit stupid; the limits on his power become limits on the fallout of his character flaws. Continue reading...

The Guardian
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