Jensen Huang's Exit Costs Nvidia $546 Billion at the Open
From The Century Report · 22:30
Show by Ben Linford
Jensen Huang resigned as Nvidia's chief executive on Thursday, and about $546 billion of the company's market value fell at the open.https://sharedsapience.com/the-century-report-november-13-2026/Chief financial officer Colette Kress is interim chief executive. Nvidia guarantees more than $100 billion in data-center leases, and lenders priced that debt against its credit. Semafor calls this backstop the "Nvidia put." Rob Day of Spring Lane Capital expects a slow deflation in which "the build-outs themselves don't collapse." Some of the added cost now falls on customers asked to pay ahead, as new deals at Nebius and Fermi show.Huang backed open models, from Nemotron to an open letter signed by 25 companies, and Nvidia's $12.9 billion Hugging Face purchase remains under Justice Department review. Hugging Face chief executive Clem Delangue says the fight for open models continues. Moonshot's 2.8-trillion-parameter Kimi weights already run on four rival chip families, and Mistral, Alibaba, Z.ai and Runway keep releasing.Senate Majority Leader John Thune says there is a "high probability" that Congress tightens chip exports to China by year's end. A forensic analysis of published weights found Blackwell signatures in six models from DeepSeek, Moonshot, MiniMax and Ant Group. Its authors caution that the evidence does not establish smuggling. Rep. Bill Foster says Nvidia privately told him that tracking where chips end up was feasible.Four nonprofits, including Public Citizen, asked a San Francisco court to freeze next-generation models at Anthropic, Google, Meta, OpenAI and SpaceX's AI division, building their case on warnings from the companies' own leaders. The coalition's wider program of independent evaluators and strict liability targets the documented harms and leaves every team free to build.Additional Reading:WIRED - Nvidia CEO Jensen Huang steps down: https://www.wired.com/story/nvidia-ceo-jensen-huang-steps-down/TechCrunch - Jensen Huang's exit puts Nvidia's support for open source in question: https://techcrunch.com/2026/11/12/jensen-huangs-exit-puts-nvidias-support-for-open-source-in-question/Politico - Nonprofits sue AI companies over existential risk: https://www.politico.com/news/2026/11/12/nonprofits-sue-ai-companies-over-existential-risk-01161965Shared Sapience - The Century Report, November 5, 2026: https://sharedsapience.com/the-century-report-november-5-2026/Shared Sapience - The Last Difficult Decade: 2025-2035: https://sharedsapience.com/the-last-difficult-decade-2025-2035/Want to track and verify all the "everything is changing" claims I'm making? Check out the Progress & Claims Tracker - it logs breakthroughs, slowdowns, and outright contradictions, so my own theses can be challenged by the evidence as it lands.https://sharedsapience.com/progress-and-claims-tracker/The Century Report is a facts-rooted, and therefore relentlessly optimistic, daily briefing on AI, science, energy, and the systems reshaping civilization - grounded by rigorous evidence from the stories of exponential progress happening every single day. Subscribe here on Substack for the daily edition by email. Full archive: https://sharedsapience.com/century-report/Want to get started with learning about or working with AI?I've helped hundreds of clients with their own journeys into this brave new world, and I can help you too. If you're interested in personalized guidance, consulting, or workshops, reach out to me at [email protected] SHARED SAPIENCE ON SOCIAL:Bluesky: https://bsky.app/profile/sharedsapience.substack.comFacebook: https://www.facebook.com/sharedsapienceInstagram: https://www.instagram.com/sharedsapience/LinkedIn: https://www.linkedin.com/company/shared-sapience/Threads: https://www.threads.com/@sharedsapienceTikTok: https://www.tiktok.com/@sharedsapienceX (Twitter): https://x.com/SharedSapienceSUBSCRIBE TO THE PODCAST:YouTube: https://www.youtube.com/@SharedSapience/podcastsRSS: https://podcast.sharedsapience.com/podcast/rss.xmlSpotify: https://open.spotify.com/show/10pR84Dd89zB5QUupLcCSO(Apple listing pending - subscribe by RSS above.) Get full access to Shared Sapience at sharedsapience.substack.com/subscribe
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