Derivatives Trader. Senior Crypto Analyst at @WeissRatings Discord: juanvilla2657 Market Cycle Secrets Course: https://nitter.gq/t.co/PeMPt29OpH
Joined June 2012
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Juan M. Villaverde retweeted
Nvidia is nothing without its people.
It now appears the national security allegations may be as fake as Russiagate. If so, Nvidia employees, shareholders, partners, and customers have immense leverage.
Whether publicly or privately, collectively or individually, they can approach the members of the board that precipitously pushed for Jensen’s resignation and instead demand that anti-Jensen board members resign.
Else mass employee resignations may follow, as may shareholder, partner, and customer suits against anti-Jensen board members for breaching their fiduciary duty. Because the value of Nvidia as an economic entity — for its employees, shareholders, partners, and customers — is obviously far higher if the founder and CEO of what was the most valuable company in world history is reinstated and this coup is defeated.
Trillions in capital, the fate of open weight AI, and the global economy itself all hang in the balance. So: if you are e/acc, if you are a techno-optimist, if you support open weight models, or if you just want to rectify a gross injustice — it is legitimate for you to politely press the Nvidia board with every tool at your disposal to reinstate Jensen Huang.
Remember how much capital is at stake. For many parties, it’d be worth it to spend millions — or even billions — on any legally permissible tactic that can get anti-Jensen board members to reverse their votes and then step down.
Remember also: the kind of spineless NPC board member that would vote against Jensen Huang due to a bad news cycle would likely buckle if subject to even 1/1000 of the scrutiny that poor Jensen has been subject to.
Mechanically: step one is to do citizen journalism to determine how each board member voted. Step two is to get the anti-Jensen board members to resign. And step three is the return of the king.
OpenAI shows it can be done. There are after all just a few human beings who need to change their anti-Jensen votes, or step down, or both. Their names and duties are public. And they’re meant to be accountable to the shareholders.
This analysis by @gemchange_ltd is as good a place as any to start.
Bombshell story. The spy narrative is collapsing already.
Is there clear & convincing evidence that Alice Huang was a Chinese spy?
- AG says no. (“no conclusions reached”).
- CIA says no. (“not yet convinced”).
- DNI says no (“not entirely accurate and over-torqued”).
- Ranking Democrat on House Intelligence (incoming Chairman) says no. (“today, at least, I don’t know”). This was immediately after he was briefed.
Who argues otherwise? Anonymous officials tell CNN “it strains credulity to believe that she was not acting as an agent of the Chinese government — simply by virtue of the fact that she is a successful Chinese businesswoman working with one of America’s most powerful companies.”
This is their proof after a year of investigating and surveillance? That she was a “successful Chinese businesswoman”?
At this point, the only crime that we know for sure happened is the leaking of the classified memo. Who did that and why?
An investigation should be opened.
Juan M. Villaverde retweeted
Wir NVIDIA-Aktionäre sollten uns verbünden und den NVIDIA-Verwaltungsrat neu besetzen.
Dank Jensen Huang sind rund 27.000 NVIDIA-Mitarbeiter durch Mitarbeiterbeteiligungsprogramme zu Millionären geworden.
Jensen Huang hat den Wert der NVIDIA-Aktie um 70.000 % gesteigert.
Der NVIDIA-Verwaltungsrat handelt kleingeistig und weder im Interesse der Eigentümer noch im Interesse der Mitarbeiter.
Moralische Schuld hat Jensen Huang gegenüber seiner Ehefrau. Wenn sie ihn vor die Tür setzt und mit 70 Mrd. USD aus der Scheidung hervorgeht, ist das eine ausreichende Strafe für seine Fehltritte.
Als NVIDIA-Aktionär fordere ich, den NVIDIA-Verwaltungsrat zu feuern und jeden Huang zurückzuholen.
Juan M. Villaverde retweeted
嘿，Jensen！ 此片献予你！
我是一名来自中国的 AI 开发者，你一定会回来的对吧。对吧
@JensenHuang
🤖 Made with AI
Juan M. Villaverde retweeted
NVIDIA employees: go on strike. Now.
Not for a raise. Not for more PTO. For your founder.
Jensen Huang was just pushed out in four days, after thirty-three years building the company. The GPU, CUDA, the entire infrastructure the world's AI runs on today. And it ends with a three-line press release on a Thursday morning.
Here are the facts. Sunday, Huang admits to an affair and apologizes to his teams. The board launches an independent investigation, led by Wachtell Lipton and a former federal prosecutor. Thursday, he resigns under pressure. The investigation hasn't reached any conclusion. No technology leak has been established. No misconduct has been announced.
The sentence came before the verdict.
Let me be clear: if the investigation shows that NVIDIA secrets ended up in Beijing, he has to go, and nobody will defend him. But you don't unplug the most important builder of the decade over press reports and a market panic. It's called the presumption of innocence. It applies to founders too.
And it has worked before.
November 2023. OpenAI's board fires Sam Altman on a Friday night. Within days, more than 700 of roughly 770 employees sign a letter: bring Altman back, or we all walk. Five days later, Altman is back, and most of the board that fired him is gone.
Call it the Altman precedent: in a company built on talent, real power doesn't sit with the board. It sits with the people who build.
NVIDIA's engineers hold that power today. They're the ones running the machine. Without them, there is no next generation of chips.
So put down your tools. All of you. And tell the board: no successor until the investigation is done. Facts first, sentence second.
A founder isn't an executive you swap out. A founder is the soul of the company. Apple learned that when it pushed out Steve Jobs in 1985. It took twelve years and a near-bankruptcy to bring him back.
NVIDIA doesn't have twelve years. The AI race won't wait for anyone.
A company's soul isn't something you vote on in a boardroom. It's something you fight for.
NVIDIA announces CEO transition. Read the release: nvidianews.nvidia.com/news/n…
Juan M. Villaverde retweeted
Sharing this one again, Jensen’s first tweet ever, earlier this year.
“Why open models matter”
Four months later, fired from the company he built from scratch over 30 years.
That a firing of such consequence occurred without a special shareholder vote tells you the real story: it was not about his capabilities in leading Nvidia as CEO, but rather about geopolitics.
And there’s still no evidence the woman was actually a spy, but evidence is an unnecessary precondition.
For my first post, I’m sharing a letter @NVIDIA signed on why open models matter.
AI will transform every industry, power every company, and be built by every country.
Open models strengthen safety and cybersecurity, accelerate innovation and diffusion, and enable sovereignty.
The world needs both frontier closed models and frontier open models.
images.nvidia.com/pdf/Open-W…
Juan M. Villaverde retweeted
In June @NaderLikeLadder emailed Jensen about a crazy idea we had over dinner to make Local AI 10x better on NVIDIA hardware.
Jensen replied in 7 minutes. He saw this as important work, and approved a war room for us to work on this at NVIDIA HQ.
For a month, NVIDIA HQ was the @exolabs satellite office. We were overwhelmed by the support we got. We were back to back the first week with smart NVIDIANs coming in to our war room to help us. Creators of CUDA, Dynamo, people who built NVIDIA.
Long story short with NVIDIA we managed to improve their Local AI playbooks by 9.6x (almost the 10x goal we set out with). We’ll be publishing a whitepaper on this work.
We were just a small startup with a crazy idea. Jensen took a bet on us. Jensen cares deeply about Open Source AI and Local AI.
I don't believe Jensen is replaceable, he's a 1 of 1 human, but I hope NVIDIA will continue to aggressively support Open Source AI and Local AI, and continue to take bets on small startups with crazy ideas.
Thank you Jensen
Juan M. Villaverde retweeted
Look, I’m one of the hawks that Jensen clearly doesn't like. I’ve long thought he's been bad on China policy for a while now as he pushed for more engagement, trying to keep the door open for chips and all that.
That said, the way this whole thing went down is highly sus. I agree with @PalmerLuckey here.
The info was out there if you knew where to look. Intelligence had this for a while and earlier in the year, Trump himself was briefed and got the memo.
Then suddenly it all drops at once through the usual IC-to-media pipeline. Jensen admits the affair, the board starts looking into it, and then almost immediately the second story about the alleged internal affair with the direct report hits. And just like that he resigns. The timing and the sequencing feel off, like they sat on it and then let it all go at once.
Don’t get me wrong, I respect the guy as an engineer and as an incredible founder who built one of the world's greatest companies. The problem here is that we still don’t really know how bad the exposure was, so the way it has played out just feels so... orchestrated.
Even assuming the spy stuff is overstated or false, China still ends up with a lot of what it wanted - more GPUs, a big hit to the US market, and the sudden decapitation of an AI figurehead. Jensen leaving is clearly a net negative for the company and that company happens to be a great asset to the United States.
The AI control crowd also gets what they want. As an advocate for open source, Jensen was the loudest one pushing back on tighter restrictions and the more closed approach. And all this all happens right before the Anthropic IPO? Mmm.
Could also just be a political hit - perhaps a power struggle inside the admin to sideline the doves on China. Or the other side using it as a pretext to go after a Trump ally and donor, open the door to more inquiries, and hand more influence to the people who want stricter AI controls.
I don’t know which of these it is or if it’s some mix.
We still do not have a clear public accounting of what, if anything, was actually compromised. The board’s investigation was only days old when the resignation happened which just feels rushed.
I have major policy disagreements with Jensen on China but the manner and timing of how this played out is a red flag, and I wish he hadn't resigned so quickly.
He's an American hero and will always be
Juan M. Villaverde retweeted
NVIDIA letting Jensen go is a huge mistake, for America and for humanity. It's Apple firing Steve Jobs all over again, but much bigger, given the role of AI in defining the future of our world.
I've been keeping quiet on this out of respect for Jensen's family and team, who I've met and who are amazing humans, and because I personally hate infidelity. So my heart goes out to them in this difficult personal family moment.
But I can also say that Jensen is human, and makes mistakes like all of us do. Not that I matter at all, but I've known Jensen for a long time and have gotten the chance to spend a lot of time with him, behind the scenes, away from mics and cameras. I have seen him show kindness, humility, care to everyone around him, including strangers, including from the poorest most struggling parts of society, treating all the same with the same thoughtfulness and attention, because they are fellow humans and not because he has something to gain from them. That shows rare character, to maintain humility and humanity through all of it.
Another data point is what people who know him well have said privately to me about Jensen over the years. I've never had anyone tell me anything but how awesome he is or how much they love him. Probably over a thousand people at this point. This includes hundreds of engineers, CEOs, colleagues, friends, etc.
Also, since there was some spy talk. Jensen is as proud an American as it gets. I'm in shock frankly at all of this, including the mass hysteria around it. I love America, and I think NVIDIA letting Jensen go is terrible for America.
I stand with Jensen.
Love you all ❤️
Juan M. Villaverde retweeted
A big Chinese lab reached out to me asking for help distilling Fable into their model. I said no.
I told them to use the millions of books that have no copyright instead. Offered to help pick them and to help train the model a different way. They only wanted distillation, which tells you a lot about the mindset there.
I've worked deep in this field and distillation is real. I wasn't convinced at one point. What I saw changed my mind completely.
I'm the biggest supporter of open source. I'm for releasing weights and for the freedom to research and build, because humanity only grows when knowledge gets shared. But let's be logical.
Nobody will convince me that labs shipping a model every month or less, each one a big leap, now can't ship a better one after three months.
Kimi K3.1 Pro isn't a big leap over Kimi K3 and it's been about 100 days.
DeepSeek still can't put out a respectable Pro model.
Zai used to release their strongest model in under two months. It's been three with nothing.
All I hear about Qwen 4 Max is that it's a letdown.
Kimi K3.1 Pro and DeepSeek Flash both show traces of Astra distillation. The leak showed Moonshot used it, and so did DeepSeek.
If this isn't the effect of Anthropic blocking distillation then what is it?
Chinese labs need to get serious about using the talented researchers they have and give their models an identity. Right now their models at their best are a cheaper alternative. I want them out of that box. I want to see what makes them different.
Anthropic has crossed lines too, no argument there. They destroyed millions of books, human knowledge that was in people's hands, and kept it for themselves. I'll never forgive them for that.
But Chinese labs rely on distillation more than they rely on better data.
I didn't work with them. Transparency and honesty matter to me, like you've known since I started here.
Juan M. Villaverde retweeted
🚨 New Video Drop: Can AI Predict Markets? The Singularity, Bitcoin & What Comes Next. I am joined by
@JMVTrader to discuss AI market forecasting, the singularity, autonomous agents and why human judgment still matters. We also take a deep dive on the current November $BTC, $USOIL & $SOXX forecasts.
youtube.com/watch?v=XGlLzmm0…
Juan M. Villaverde retweeted
Let me tell you a story about how unethical Anthropic is.
In April, the Anthropic team began heavily courting our engineering team to tell them corporate secrets, technical details, and future plans for @cfosilvia.
They pretended their interest was due to our exploding popularity and accelerating compute usage, but it quickly became apparent that Anthropic was fishing for details on how we built our product and why it was so popular.
This included the Anthropic team trying to wine-and-dine our engineers, including a infamous steak dinner where someone told our team "don't worry about it, this is on Dario."
Our team was not born yesterday, so we quickly realized what was happening and refused to share sensitive information and technical details with the Anthropic team.
As we suspected, Anthropic was trying to get information from us, so they could build a competing product. Some people on their team must have a guilty conscious because they messaged us a few days ago to give us "a heads-up" that they were launching a competing product.
Thankfully, the Silvia engineering team has been aggressively working to get off the frontier models for the last ~ 6 months. That effort has been highly successful, because our compute costs are ~ 97% lower when we use our own model & hardware, the latency is lower, and the accuracy of answers materially increases as well.
The sad thing for Anthropic is they have now released an inferior product and they had to sell their soul to do it.
The only thing worse than being a trillion-dollar company that can't beat a 10-person team is being a trillion-dollar company that no one trusts and everyone knows is unethical.
Serious investors continue to choose @cfosilvia over ChatGPT, Claude, and other frontier companies because these products are not optimized to solve the actual user problem.
Today, Anthropic launched a Claude wrapper that is masquerading as a personal finance product. Best of luck to them.
But I will take the Silvia misfits vs the Anthropic losers any day of the week.
if you want to support people trying to do things the right way, and help investors be more informed, then consider signing up for Silvia today: silvia.com
Juan M. Villaverde retweeted
After the @Binance theft, let's investigate who is secretly causing panic.let's investigate who was secretly creating panic. @cz_binance
Juan M. Villaverde retweeted
TLDR: Basically it was a social engineering phishing attack in two parts. One of the engineers downloaded a bogus AI coding tool off of a fake link on Google, and the second engineer was tricked by a fake interviewer for a new job to download a coding “assignment” containing a virus. With those two engineers compromised they could gain access to Binance.
The takeaway here? You are only as strong as your weakest link. Social engineering remains the best way to hack systems. Also DO NOT DOWNLOAD THINGS. Check to see if the Google links are REAL, do not click links or download things for “job interviews.”
Separately phishing similar to this happens all the time on X. People will DM you posing as journalist or whatever and ask you to set an interview time by connecting your X account to some calendar. Don’t do that. In the words of Admiral Ackbar, it’s a trap.
Also separately separately nobody from Google is trying to call you. We promise you. Don’t be a mark.
Stay safe all
