🇺🇸🇰🇷 South Korea has moved to calm fears over its MASSIVE order of 260,000 Nvidia AI chips following Jensen Huang's sudden resignation.
Seoul's Science Ministry says Nvidia has reaffirmed its commitment to deliver the GPUs and continue joint AI projects with Korean companies.
The chips are destined for Samsung, SK Group, Hyundai, Naver and the South Korean government, forming a major part of the country's AI infrastructure expansion.
However, Elon has warned that many of Nvidia's supply agreements were based on handshakes with Huang rather than written contracts.
Elon spoke about the matter by saying, "without Jensen, at least some of those critical deals will be lost."
And the concern extends beyond South Korea.
Huang previously acknowledged that Nvidia's decades-long relationship with chipmaker TSMC operated without a formal legal contract.
With Nvidia at the center of the global AI boom, Jensen Huang's departure is raising questions about how much of its vast business network depended on trust in one man.
Source: South China Morning Post
$NVDAB
#WhoWillSucceedJensenHuangatNvidia? #EarningsSeason
Seoul's Science Ministry says Nvidia has reaffirmed its commitment to deliver the GPUs and continue joint AI projects with Korean companies.
The chips are destined for Samsung, SK Group, Hyundai, Naver and the South Korean government, forming a major part of the country's AI infrastructure expansion.
However, Elon has warned that many of Nvidia's supply agreements were based on handshakes with Huang rather than written contracts.
Elon spoke about the matter by saying, "without Jensen, at least some of those critical deals will be lost."
And the concern extends beyond South Korea.
Huang previously acknowledged that Nvidia's decades-long relationship with chipmaker TSMC operated without a formal legal contract.
With Nvidia at the center of the global AI boom, Jensen Huang's departure is raising questions about how much of its vast business network depended on trust in one man.
Source: South China Morning Post
$NVDAB
#WhoWillSucceedJensenHuangatNvidia? #EarningsSeason
