WSJ: NVIDIA financed AI firms that couldn't afford GPUs as Huang feared chip supply 'avalanche'
AIFlow_ML · x · 2026-11-14
Per WSJ, NVIDIA offered billions in financial guarantees to AI companies unable to afford its GPUs, taking revenue shares in return; some deals were handled by Jensen Huang's son-in-law Nico Caprez, promoted to VP this year. In August Huang met senior finance executives over growing commitments, warning that cloud giants were cutting NVIDIA reliance while the company had locked in massive wafer and memory purchases — coming like an "avalanche." CFO Colette Kress also questioned the $250B OpenAI commitment.
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