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hasbot • today at 1:44 PM • 0 replies • view on HN

From that article:

> Kress publicly defended Nvidia’s role as a banker to the broader AI industry from critics who argue Nvidia’s efforts to prop up demand across the industry has left it more vulnerable to a downturn. Kress has characterized the deals as savvy investments.

> “We recognize the scale of this support, and we know some will call this circular financing. We see it differently,” she said in late August. “The equity returns on our invested capital will be excellent.”

So, at least publicly, the new CEO agreed with financing AI startups. There is no indication that Huang manufactured the GPU shortages as the original article suggests.