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According to the information, companies tied to alleged Chinese spy Alice Huang, which bring Nvidia chips into China illegally, invested in DeepSeek’s latest funding round.
The goal was to become DeepSeek’s steady supplier of Nvidia’s banned Blackwell chips. https://t.co/xYXxy0jDoU
per WSJ, Jensen Huang met his lover Alice Huang through her husband, Chinese businessman Kang Wei.
Kang, whom Jensen had known for a decade, seemingly accepted the 2-year romance, half-jokingly calling her the CEO’s personal assistant.
In 2023 the couple launched Megaspeed in Singapore, winning priority Nvidia chip access by naming Alibaba, barred from buying such chips directly, as anchor customer.
Between late 2024 and June 2025, the couple told potential investors to expect triple returns in 3 years and said they had ways to bring Nvidia chips into China.
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WSJ: Nvidia’s board, which publicly backed Jensen Huang on Sunday, is now close to deciding whether to remove its founder CEO.
The shift came as a second affair, with an Nvidia employee, surfaced alongside his admitted relationship with a suspected Chinese intelligence asset.
When it opened an independent probe on Sunday, the board said it had no reason to believe Nvidia secrets were compromised.
Shares fell about 8% after hours, and Huang, the largest shareholder at about 3.6%, has rejected formal succession planning.
With roughly 60 direct reports and no named successor, Nvidia’s own proxy report warns that weak succession could hurt strategy and execution.
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