U.S. Treasury Secretary questions whether Nvidia knowingly sold AI GPUs to shell companies, says company itself is responsible — ‘I think it is important that anyone at the company there be held accountable for that’
U.S. Treasury Secretary Scott Bessent questioned whether Nvidia knowingly sold restricted AI GPUs to shell companies, calling for accountability at the company while acknowledging export controls cannot prevent all hardware from reaching adversaries.
Bessent admitted that U.S. export controls cannot prevent all restricted hardware from reaching China or other adversaries, which allegedly obtained millions of restricted AI GPUs from Nvidia. He specifically questioned the efficiency of Nvidia's internal controls in preventing these sales.
I think it is important that anyone at the company there be held accountable for that
The Treasury Secretary called for accountability at Nvidia and criticized the company's general counsel, though he stressed it was unclear whether CEO Jensen Huang knew about the potentially illicit practices.
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