Smuggler. Not Spy. No WMDs. No heads up.

Chinaman’s Chance. Where is your evidence? At least Colin Powell had a vial & photos when he said Iraq had WMDs at the UN.

[Smuggler. Not Spy. No WMDs. No heads up. @KindlyContrary]

@AndrewCurran_ Andrew,

Love ya but Tao’s point is could AI have reward-hacked a loophole in the trial?

Formal success ≠ true alignment.

Understanding is the missing safety layer.

[Sathya @9Sathya9]

@AndrewCurran_ I think his point is that it could have been a cleverly designed hack because its smart enough to find loopholes and find a candidate that would go through this, but might not actually work.

[Smuggler. Not Spy. No WMDs. No heads up. @KindlyContrary]

@mmcassella Most Americans, almost the entire US Congress and President Bush felt strongly that Iraq had WMDs and they did not.

Colin Powell even went to the UN with a vial and photographic evidence.

Where is the evidence Jensen committed any crime?

Show us the evidence, Senator

[Smuggler. Not Spy. No WMDs. No heads up. @KindlyContrary]

@ns123abc Jensen has a Chinaman’s Chance.

[NIK @ns123abc]

We don’t even have enough information yet, but the mainstream media is pushing that we have a conclusion

Something feels off

[Smuggler. Not Spy. No WMDs. No heads up. @KindlyContrary]

@Kyrannio Could be both.

[Smuggler. Not Spy. No WMDs. No heads up. @KindlyContrary]

@niubi This is worse than Iraq WMDs, because at least Colin Powell had photographs and a vial when he spoke at the United Nations. Here we just have a bunch of allegations and a Rubio memo no reporter has seen or can quote from.

[Smuggler. Not Spy. No WMDs. No heads up. @KindlyContrary]

@Midnight_Captl Won’t work.

[Smuggler. Not Spy. No WMDs. No heads up. @KindlyContrary]

@GaryMarcus Disagree. Nvidia shareholders will decide. If the board fires Jensen, the shareholders will fire the board. Unless the Feds have enough evidence to indict and convict Jensen. For what? Banging a smuggler? 😆

Jensen Must Stay.

[Smuggler. Not Spy. No WMDs. No heads up. @KindlyContrary]

@TraceyRyniec Why do you think we’ll be in a bear for 15 years? have you written or spoke about this elsewhere

[Chubby♨️ @kimmonismus]

If I didn’t know any better, I’d call it clickbait.

No, Jensen Huang must stay. Anyone familiar with his biography knows how he built NVIDIA from virtually nothing. He is more than "just" a CEO; he *is* NVIDIA, arguably the most important company in the world, providing the engine that powers the technological revolution.

Yes, it appears he made a mistake. But he takes responsibility. And neither NVIDIA as a company nor the broader course of development should suffer because of it. Jensen is more significant than the mistake that occurred.

[Smuggler. Not Spy. No WMDs. No heads up. @KindlyContrary]

@REALMizkif Maybe they have an open relationship and will do anything for money, including let each other fuck whoever they need or want to in order to make a lot of money

[Mizkif @REALMizkif]

I went through all of it and I think I've solved the Jensen Huang story. He's innocent: nothing I found shows he knew about any China link or where the chips went. But in my opinion he's a serial cheater, and I think he'll be removed from Nvidia. This runs deeper than people know. The "Spy" has a husband, and he's in on it.

I read everything published on this, in English and Chinese. Here is what happened, and what I think is really going on.

The company nobody had heard of

Megaspeed started as the Singapore arm of a Chinese video game company. In October 2022 the US banned sales of top AI chips to China. Five months later, that small Singapore company was sold to a firm controlled by Alice Huang and renamed Megaspeed.

Eight months after that, in November 2023, Alice and the only other director resigned on the same day. The company passed to a brand new firm called Swiftdata, owned by a man named Tan Yong Pong. Staff say he's "never present."

Four days after that switch, Megaspeed became an official Nvidia Cloud Partner.

From zero to billions

In 2023 Megaspeed made $0 in revenue. In 2024 it made $294 million, and its assets jumped from $33 million to $3 billion. Using customs records, Bloomberg counts about 136,000 Nvidia chips worth around $4.6 billion shipped in through late 2025. More than half were Blackwell, Nvidia's best chip.

So a company with no revenue, owned on paper by a man nobody can find, ended up buying billions of dollars of the most wanted product in tech.

And the business never looked busy. When a US Commerce Department inspector visited its Malaysia data center in 2024, some servers were still sealed in their crates. When the New York Times visited its offices in Malaysia and Jakarta, they were nearly empty. Bloomberg reports that Alibaba rents Megaspeed's chips.

The relationship

It started earlier than most people think. The NYT found that in December 2023, Jensen and an Nvidia employee had dinner with Alice at an Italian restaurant in Singapore and posed for photos. That was weeks after Megaspeed became an Nvidia partner, in a year it made zero revenue.

June 2024, Taipei, during the Computex tech show. A witness told the NYT that Alice, sitting at a bar, said: "I bet you guys I can get Jensen here." He showed up and had a whisky. By then she had promised to buy about $2 billion of Nvidia chips. His wife Lori was in Taipei that same week, though she's believed not to have been at the bar.

May 2025, Taipei again. Jensen hosted a dinner. Footage shows a kiss on the cheek, her hand on his back, and the two of them leaving in the same car. His daughter was at that dinner. Lori was in the city too, and had dinner with Nvidia staff the night before.

On November 8, Jensen told Nvidia's board the relationship was "intimate" and emailed the whole company: "I was unfaithful to my wife." He didn't name anyone. The NYT is the one identifying the woman as Alice.

And it didn't start with Alice. By October 2023, before that Singapore dinner, her sister's company was already an official "preferred" Nvidia partner. This family was in Jensen's world early. That's why I call him a serial cheater. If the NYT is right, the meetings stretch across a year and a half, from Singapore to Taipei, and twice his wife was in the same city.

The spy claim

On October 29 the NYT reported that US agencies concluded Alice was a Chinese intelligence asset, recruited to gather information on Jensen and US AI chips. It rests on a classified memo nobody outside the government has seen. According to the NYT, officials believed the relationship was a romance, and nobody ever warned Jensen.

Nobody has charged her with anything, anywhere. Bloomberg says Singapore dropped its case on her. China called the claim "a groundless accusation, slander, and a smear."

Why I don't think she's a spy

Spies don't post pictures with their target. Alice did it all the time. A tech CEO who was at that Taipei bar told the NYT she often posted photos with Jensen from golf courses and restaurants. The point, according to people around her, was to look powerful in the chip world.

If you were secretly working for a spy agency, why would you put the evidence online?

Go back to the bar line. "I bet you guys I can get Jensen here." That's bragging, a show of pull for a room full of people. If your whole business depends on getting Nvidia chips, being seen next to Jensen Huang is the best ad you could buy.

Taiwan has been tracking her travel since 2024 at America's request. Still no charge. Every move she made has a simple business explanation. I don't think you need a spy agency to explain any of it.

The husband nobody is talking about

Alice has a husband, according to insiders who spoke to Caixin, one of China's biggest business outlets. His name is Kang Wei, and he runs a fund in Shanghai.

In 2015 he gave her 25% of his fund, and insiders say they ran it together. In 2019 a 1 billion yuan deal for 12 game studios was put in her name, but Caixin says his fund was really in control. In early 2025, the FT reports, the two of them were pitching a data center to investors together.

China's securities regulator fined him in 2018. It fined him again in 2025, 2.5 million yuan, for secretly controlling a listed company. It warned him again in June 2026. And since around February, he has reportedly been held by Shanghai police over suspected stock manipulation. No charge has been reported.

Why the business looks abandoned

Think about those sealed crates again. To me, that's what a company looks like when nobody is really running it as a data center business. I think Megaspeed worked more like a front with a famous friend.

Tom's Hardware reports it stopped buying from Nvidia by mid 2025. Bloomberg reports a Malaysian data center ended its contract in February 2026, the same month the husband was reportedly picked up by police. Empty offices, an owner nobody can find, and nobody left at the wheel.

Her sister

A second chip company in Shanghai, Century Litong, has ties to the family. It was already a "preferred" Nvidia partner by October 2023. The Information traced its founding owner back to Alice's sister, who reportedly still owns 31% of Kang Wei's fund, and reports that some of Megaspeed's hardware ended up there. Century Litong says it had no business dealings with Alice. If The Information is right, this family had more than one company sitting right next to Nvidia's chips.

My theory

What kind of husband watches his wife travel around with Jensen Huang, post photos with him, and leave a dinner in the same car as him? From the outside, it doesn't look like it bothered him. They were pitching a data center together the same year as that Taipei dinner. Caixin says it's unclear where their marriage stands today.

Some people online claim he pushed her toward Jensen to win Nvidia orders. To be clear, no outlet has reported that, and the only source is one anonymous post. But look at a man who keeps getting caught hiding who really controls his companies, married to a woman whose access to Nvidia was the most valuable thing their businesses had. I think it's a fair question to ask.

My read is a family business that landed the most valuable contact in tech, and used it.

Where is Alice?

Nobody knows. CNN says she hasn't appeared in public or made a statement since 2025. Unverified posts reported by Sing Tao put her across Europe this year, most recently in Vienna in October. She could be there, in Singapore, or in China, where her husband is reportedly being held.

My verdict

Jensen is innocent of the China part. Nothing shows he knew anything about where those chips went, and the US never even warned him. But he's a serial cheater, and he clearly mixes business with pleasure. The NYT says the woman he was involved with ran a company buying billions of his chips, and her sister's company was in his partner network too. I think it costs him his job. I think Jensen gets removed from Nvidia.

Alice is not a spy. A spy doesn't brag at a bar and post pictures with her target. She's a dealmaker who used Jensen to look powerful and get chips for her family's business.

The real story is her husband. Kang Wei owns the fund she has a 25% stake in, he's been in trouble with China's stock regulator since 2018, he was pitching deals with her in 2025, and he's now reportedly being held by police. He watched his wife travel the world with Jensen, and nothing suggests it bothered him. I think he was in on it the whole time.

Full breakdown in my videos. Part one is up today, and the rest drops tomorrow.

[ian bremmer @ianbremmer]

jensen huang story matters for (at least) three reasons:

1) us-china relationship: spy scandal ahead of next week’s apec summit will dominate coverage, create tension, and throw a wrench in trump’s hopes to keep relations stable.

2) new congress: post-midterm dems will use investigatory powers to demand answers, push for increased oversight.

3) trump’s judgement: the president personally invited jensen on a trip to china despite noted national security concerns and is now acting like the whole scandal doesn’t matter… why?

tl;dr.. story happened at a bad time for trump, and don’t expect to see it disappear any time soon.

[Smuggler. Not Spy. No WMDs. No heads up. @KindlyContrary]

@ianbremmer 4) us intelligence: is this Iraq WMDs again or will they share actual compelling evidence this time. These Chinese whispers are ridiculous and ironic.

[Smuggler. Not Spy. No WMDs. No heads up. @KindlyContrary]

@TraceyRyniec Agree not in bear rn. Ballmer sucked. After Jobs was diagnosed with cancer, he waited 9 months to follow his doctors advice. That was reckless.

[Smuggler. Not Spy. No WMDs. No heads up. @KindlyContrary]

@atty2chgo @RahmEmanuel If Jensen or NVIDIA was told they should leak that evidence now because it looks ridiculous. Same thing with if they have evidence Alice is a Chinese spy or Mss asset. This is much worse than Iraq in WMDs at least they’re Colin had some photos and a vial at the UN.

[Smuggler. Not Spy. No WMDs. No heads up. @KindlyContrary]

@SkepticalShash @RahmEmanuel If what the media reported about the Rubio warning to Trump and US intelligence thinking she was an Mss asset are true and they knew for over a year, somebody should’ve told Jensen he’s a critical CEO for a critical US company and a US citizen that’s fucked up

[Smuggler. Not Spy. No WMDs. No heads up. @KindlyContrary]

@J_Styborski @RahmEmanuel Anyone from US intelligence or the federal government could have contacted Jensen, NVIDIA or warned them. For over a year. He’s a critical US CEO for a critical US company. They should have warned him.

[Smuggler. Not Spy. No WMDs. No heads up. @KindlyContrary]

@RahmEmanuel Alleged spy. Most likely just a smuggler who banged Jensen to get advanced chips to sell and somehow deliver to the highest bidder - Chinese ai firms, circumventing both US export and Chinese import controls.

[Smuggler. Not Spy. No WMDs. No heads up. @KindlyContrary]

@hamandcheese Iraq WMDs. At least Colin Powell had photos and a small tube of something.

[Smuggler. Not Spy. No WMDs. No heads up. @KindlyContrary]

@fredsoda Yes but Didn’t Jensen or Nvidia tell Singapore to back off on looking into megaspeed? Also Taiwan didn’t comment on whether it looked into Alice.