Hwang In-hoon left office and disappeared along with him, as well as “Nvidia Put Options,” which have supported the entire artificial intelligence ecosystem. Huang Renxun, who resigned on Thursday, can be called the central bank governor and personal security guard of the artificial intelligence world. No matter where part of the AI industry lacks investment value, he can always pull up a checkbook to back it up by providing financial support, acquisitions, recruitment, investment, or other means. This kind of “put option” — in financial terms, meaning that the other party to the transaction always has a guaranteed buyer — has maintained the smooth operation of the AI financing and financing market, although it has also drawn criticism from the outside world for its revolving financing model. Over the past few years, it has also helped support the stock market and boosted the asset value of US 401 retirement savings accounts. This change will not only reshape the internal landscape of one of the companies with the highest market capitalization in the world, but will also drive up the AI industry's debt and equity financing costs. As a huge buyer leaves the market, it will become more expensive for all participants to build AI infrastructure.

Hwang In-hoon left office and disappeared along with him, as well as “Nvidia Put Options,” which have supported the entire artificial intelligence ecosystem. Huang Renxun, who resigned on Thursday, can be called the central bank governor and personal security guard of the artificial intelligence world. No matter where part of the AI industry lacks investment value, he can always pull up a checkbook to back it up by providing financial support, acquisitions, recruitment, investment, or other means. This kind of “put option” — in financial terms, meaning that the other party to the transaction always has a guaranteed buyer — has maintained the smooth operation of the AI financing and financing market, although it has also drawn criticism from the outside world for its revolving financing model. Over the past few years, it has also helped support the stock market and boosted the asset value of US 401 retirement savings accounts. This change will not only reshape the internal landscape of one of the companies with the highest market capitalization in the world, but will also drive up the AI industry's debt and equity financing costs. As a huge buyer leaves the market, it will become more expensive for all participants to build AI infrastructure.