Megaspeed’s Megafast Money: Bad Tradecraft?
The company that went from $75 to $3 billion in two years.
The "Huang Affair" has sparked concern over Nvidia co-founder and former CEO Jensen Huang's involvement with a Singapore-based company, Megaspeed, which saw its assets skyrocket from $75 million in 2022 to nearly $3 billion in 2024. Megaspeed's director, Alice Huang, held the position for only eight months. The company's rapid growth has raised questions about its financial dealings, particularly its involvement with Nvidia chips within China, a country that was impounding many of these chips at the time.
The Singapore authorities are currently investigating Megaspeed. Experts are urging the U.S. not to overreact to the espionage threat presented by the affair, citing the potential consequences of hastily drafted laws on the future of AI development and the U.S.-China relationship.
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