🎙 Nvidia's board is investigating its own chief executive | The Receipts - Dataspheres AI

Nvidia's board is investigating its own chief executive (5 min), with captions The story Nvidia's board of directors said on Sunday, November 8, that it is...

Nvidia's board is investigating its own chief executive (5 min), with captions The story Nvidia's board of directors said on Sunday, November 8, that it is opening an independent investigation into its own chief executive, Jensen Huang, who co-founded the company and still runs it. A committee of independent directors will oversee the inquiry with outside independent counsel. In the same statement, the board said it has no reason to believe that either national security or Nvidia secrets were compromised. The investigation centres on a cloud company called Megaspeed, which buys chips in bulk and rents out computing power. A research group called C4ADS counted $4.6 billion of Nvidia hardware imported by Megaspeed International between 2022 and 2025, and traced 50 export shipments of restricted Nvidia chips into Hong Kong and China worth about $13.4 million. The report does not say those shipments are the same chips as the $4.6 billion of imports. Nvidia says the diversion allegations against that customer were thoroughly investigated and debunked last year, in a statement made on October 29, the day The New York Times reported a United States intelligence memo describing an effort by China's Ministry of State Security to collect information on the technology behind American AI chips. The board's investigation therefore follows a reported intelligence memo that the company disputes. On October 13, 2025, Senator Tom Cotton asked the Commerce Secretary to investigate Megaspeed for skirting United States export laws, describing it as a spin-off of a Chinese state-owned cloud company. What the department concluded has not been made public. That letter came 391 days before the board's investigation, while the first report about the chief executive came 10 days before it. A letter from three House committee chairmen went public on November 5: Brian Mast of Foreign Affairs, John Moolenaar of the Select Committee on China, and Rick Crawford of the Intelligence Committee. They wrote that Congress must determine whether United States national security was put at risk, and invited the chief executive to a joint briefing on November 18, the day after Nvidia reports earnings. Senator Chris Coons called for a congressional investigation on November 7, and Representative Seth Magaziner asked that the Commerce Secretary and the chief executive testify. Nvidia did not immediately respond to a request for comment. Documented so far are the investigation opened November 8, a board that says it has no reason to believe secrets were compromised, a senator's letter from October 2025, the $4.6 billion counted by C4ADS, and a briefing requested for November 18. Not documented are what the investigation will find, what Commerce concluded, and whether any information moved. No one has been charged with any crime. Highlights Highlight In pictures Listen The episode as audio