Jensen Huang built Nvidia into a behemoth. His scandal puts the entire AI boom in jeopardy.

In June 2024, Alice Huang, a key executive at NetThunder, made a bold claim that she could convince Nvidia CEO Jensen Huang to attend a gathering in Taipei. Within moments, the tech titan arrived at the event, joining her and two other Nvidia executives for a drink. While some sources suggest the CEO had planned to attend, the encounter nonetheless highlighted Alice Huang's seemingly extensive access to one of technology's most powerful executives.

The incident gained further weight in the wake of recent revelations about Alice Huang's business dealings and her relationship with Jensen Huang. Reports indicate that they had been in contact since at least December 2023, with the two meeting in Singapore at an Italian restaurant. Photographs from the meeting, including one showing Alice Huang seated beside Jensen Huang in a black leather jacket, were later verified by The New York Times.

Alice Huang's association with Jensen Huang became a point of pride in her public image, with her social media featuring pictures of the pair together at various high-profile locations. Her network, built through connections in Shanghai's financial circles, played a significant role in expanding Megaspeed, a company she restructured in 2024 to acquire billions of dollars worth of Nvidia's AI chips.

However, Alice Huang's activities have also drawn scrutiny from authorities. In late 2024, the US Commerce Department inspected a Megaspeed data center, raising questions about the whereabouts of Nvidia chips delivered to the company. Taiwanese authorities also began monitoring her visits to Taiwan at the request of the US government.

In 2025, Singaporean authorities questioned Alice Huang as part of an investigation into alleged false import declarations, though the investigation ultimately concluded there was insufficient evidence of wrongdoing.