Business4 sources

How Shanghai fund manager Kang Wei introduced his wife Alice Huang to Jensen and built $7.5 billion Nvidia AI GPU smuggling operation

Tom's Hardware · By Jowi Morales · 5h ago

The Brief · written from 4 sources

Bloomberg reports, based on documents it reviewed, that a Chinese company founded by Alice Huang procured smuggled AI chips installed at a Shanghai data center.
The data center is linked to Megaspeed International Pte, according to the same reporting.
Tom's Hardware, citing the same reporting, describes a smuggling operation it values at $7.5 billion and ties it to Shanghai fund manager Kang Wei.

Why it matters

The case shows that Nvidia AI GPUs sold under export restrictions can still reach Chinese data centers through intermediaries, which invites tighter scrutiny of chip sourcing, resellers and the cloud capacity that depends on them.

Who’s affected

Companies buying Nvidia AI GPUs through resellers or intermediaries
Data center operators and cloud providers with China-linked customers

Jensen Huang had a stunning fall from grace — from being one of the richest people on Earth and one of the primary drivers of the AI boom to being implicated in two extramarital affair scandals and resigning from Nvidia in under two weeks. While many are focused on the former…

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