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What Nvidia's CEO Ouster and Bitcoin Have in Common
Although Huang announced his resignation, an undisclosed person familiar with the matter told CNBC that the board had decided the night before to oust him. Meanwhile, as media outlets report on his alleged mistresses, no public evidence has been presented that one was a Chinese spy. Online commenters claim the change “would be very very bad for the open model cause in the US.”

Pro-Open-Source CEO
Under Huang, Nvidia put money and political weight behind open-source AI models, which anyone can download, modify, and run on their own computers. Most of these “open-weight” models make the trained model available but do not publish all the training data and code. (In contrast, Bitcoin’s code is fully public.)

Meanwhile, with some of its own models, such as Nemotron 3 Super, Nvidia released open weights along with datasets and training recipes. In March, Wired reported that, over the next five years, Nvidia will spend $26 billion on open-source AI models. In September this year, Nvidia agreed to buy Hugging Face, the open-source model repository, for $12.93 billion.
Many X users are now sharing Huang’s first-ever post from July 24, speculating that the timing of his departure, a few months after the post, was no coincidence. In that post, Huang shared an open letter backed by 25 companies defending open models. The letter urged lawmakers to avoid “premature restrictions on open models that stifle competition or drive innovation overseas.” Huang himself wrote that “open models strengthen safety and cybersecurity, accelerate innovation and diffusion, and enable sovereignty.”

This position also serves a business interest. As the biggest AI labs build their own chips to reduce their dependence on Nvidia, support for open-source AI helps the company sell more chips to governments, businesses, and anyone who wants to own their own models.
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