Probably trying to find it by keeping it alive in the news.
jstummbillig 1 days ago [-]
Is that... a lot? I have no clue how much stuff "vanishes" regularly and how much it's worth.
0cf8612b2e1e 1 days ago [-]
I was talking to a guy who worked in logistics. He said “vanishing” was a common problem for high dollar items. He had recently had a shipment of Xboxes, the driver had specifically been told, “Do not stop, keep driving, make the assigned times”. Of course, the driver went off book, went somewhere else, and when he got back to the truck, magically a bunch of the order was missing. Guy was convinced the driver was on the take and would tip off someone about the juicy hauls.
While probably harder to find a no-questions asked buyer, the price premium on GPUs is a lot higher than some consoles.
adriand 1 days ago [-]
It happens all the time. I work in logistics, it's unbelievable how much general criminality and fraud there is in this industry.
The scenario you outlined is not all that common. There are much more sophisticated scams. What I see the most often are disclosures of load information and pickup numbers to bad actors (e.g. via social engineering).
When you roll up to a facility with a truck, you need to provide information from the bill of lading, and the key piece of data is the pickup number, which is basically like a PIN for the shipment. If that gets into the wrong hands, then someone else can show up at that facility, pose as the carrier, and get loaded with the goods. It's quite low risk during the operation because there's no hijacking or anything else obviously criminal happening. People will literally load the thief's truck.
0cf8612b2e1e 1 days ago [-]
That was exactly how that Canada gold heist happened. Thieves had arranged fake documents and the staff helped load $20 million in gold bars onto the truck.
Food fraud is also rampant. Stuff like olive oil is commonly fake or much lower quality than advertised. Its something like 20% of all food items are fraudulent in some way or another.
ganoushoreilly 1 days ago [-]
I worked with an Insurer many years ago, produce and Nuts were one of their largest thefts. Easy to fence the goods when there isn't a serial number.
What's with Canada and heists? That's the second wikipedia article about a Canadian heist on this page. Is it just because Canadians are posting it, or is there a disproportionate number of interesting heists in Canada?
mistrial9 23 hours ago [-]
I have no direct knowledge of this topic, however highway robbery is older than civilization! After watching some documentary episode about trucking in New Guinea, and watching lines of trucks dutifully entering scales in California with literally dozens of cameras and connected tracking info databases.. I suspect that there is a clear spectrum around every single major truck route around the world (minus Japan perhaps).
thaumasiotes 21 hours ago [-]
> I have no direct knowledge of this topic, however highway robbery is older than civilization!
I'd believe it's as old. It seems like it'd be difficult for it to be older, though - why is someone moving along a highway if there are no civilizations?
mistrial9 9 hours ago [-]
stretch the meaning of highway a little bit. People and animals move along paths during seasons, since before writing.
thaumasiotes 6 hours ago [-]
Animals can create paths when they move in a herd. You'll notice that deer don't create paths through the forest.
A human tribe could create paths like that, moving all together. But if they encountered "bandits", the result wouldn't be a robbery; it would be a massacre. And that wouldn't likely happen anyway, because there'd be no reason for anyone to be waiting by the path.
(As you noted, animals can create their own paths. Those animals have predators. Which predators lurk by paths waiting for prey to come by?)
If you have one guy moving along an established path, it must mean that (a) a lot of people independently have reason to follow that path at different times, and (b) that guy in particular has reason to be at both ends of the path.
There are two reasons you might see a path appear because of human traffic:
1. The geography imposes a very strict bottleneck, like a mountain pass.
2. Commerce.
It's pretty much always commerce. Commerce can tell you why someone is moving between two fixed locations, and why hundreds or thousands of other people are taking the same route at different times. (Because the endpoints never move, and the people are always either at one endpoint or traveling between them.) And commerce can also tell you why bandits find it worth their while to hang out next to the path.
O peddler, peddler, what's in thy pack? Come speedily and tell to me
I've several suits of the gay green cloth, and silken bowstrings two or three
If you've several suits of the gay green cloth, and silken bowstrings two or three
Then, by my body, says Little John, one half your pack shall belong to me
pferde 15 hours ago [-]
Also, who built the highway?
Log_out_ 17 hours ago [-]
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486sx33 5 hours ago [-]
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ReptileMan 1 days ago [-]
That is different type of scam though. My favorite is seafood - if you are buying already fileted and it is not salmon or tuna - there is solid chance you won't even get the same species.
Eueudhsbsj32 18 hours ago [-]
In Asia there was a scandal recently that a lot of fish sold for sushi salmon was actually ocean-going trout.
swiftcoder 15 hours ago [-]
> a lot of fish sold for sushi salmon was actually ocean-going trout
This is maybe not surprising, nor even malicious? It's a pretty common confusion - they are both in the Salmonidae family, and there is a bunch of naming confusion between them linguistically.
For example, in several regions steelhead is referred to as a salmon, even though it is really an ocean-going rainbow trout.
LdBaringSwallow 22 hours ago [-]
Wage theft, insurance fraud, watered down gas...whole lot of Murica is a empty hope/hype rhetoric to distract from how half assed everything is.
Cut costs on effort to increase margins.
ted_bunny 19 hours ago [-]
Nothing American about it, it's how all things will tend over time. Time just goes faster here.
LdBaringSwallow 19 hours ago [-]
No it doesn't. It feels like that cause we're anxious wrecks here due to job insecurity, healthcare insecurity, and housing insecurity
We just lie to ourselves as being honest about all the time lost to stupid toil due to archaic leadership stuck in 1986 and inane screen use is just depressing so we make up a story to feel better
Look up the CoolKicks scandal. A sneaker reseller worth tens of millions was caught paying off people at Nike's warehouses to swap shipping labels and get items shipped to them instead. These were unreleased and rare shoes worth millions. It took the FBI months to catch them.
mtalantikite 1 days ago [-]
Around 2012 or so a client was building out a bunch of new database servers and had purchased fusion-io cards for them, which I think were going for something like $20k each. Well, the carrier never showed up on the day we were supposed to get them at the DC. I always assumed someone looked up the price, saw $100k+ worth of hardware that could be stuffed in a tote bag and decided to never show up to work again.
zamadatix 21 hours ago [-]
Man, what a blast from the past, those fusion io cards felt like alien technology back when I was just excited to have a non-HDD boot drive. Hell, I bet they'd still be decent drives in a current setup (large number of PCIe lanes wasted for an ancient revision aside).
You'd think this would be pretty easy to resolve with manditory cameras inside/outside the trailer right? Can't be that expensive to set up considering overall Rig costs.
pants2 20 hours ago [-]
Hell a few AirTags hidden inside the shipment would probably catch them
disgruntledphd2 16 hours ago [-]
I worked for a company that did this, they had trackers on all the trucks and the clients/us would have a control room where all the shipments were monitored.
Like, we were expensive, but had a lot of pharmaceutical and tech hardware clients.
So yeah, this stuff exists but it's not perfect.
23 hours ago [-]
pdpi 1 days ago [-]
> While probably harder to find a no-questions asked buyer, the price premium on GPUs is a lot higher than some consoles.
I'd go further than that. A no-questions-asked buyer for a console merely suspects there's shenanigans afoot, and will expect a considerable discount off the sticker price. A no-questions-asked buyer for server GPUs almost certainly knows for a fact there's shenanigans afoot, but is likely to pay a premium over the sticker price anyway.
charcircuit 1 days ago [-]
Another reason why they are cheap is because Xbox will ban the consoles once they know they were stolen. GPUs on the other hand don't have a remote kill switch after being stolen.
summarity 1 days ago [-]
Don't give them ideas
ffsm8 1 days ago [-]
Given current market tends, if that becomes more frequent the likelihood of consumers actually getting GPUs goes up, as these will at least end up on various markets
dghlsakjg 22 hours ago [-]
Are data center “gpu”s actually useful for consumers?
thephyber 15 hours ago [-]
They can be used for AI / crypto mining, but they don't have video-out ports so they aren't direct replacements for consumer video cards.
SoftTalker 20 hours ago [-]
Depends what the consumer wants to do with the GPU.
Terr_ 23 hours ago [-]
I wouldn't mind "digital locks" so much if the owners actually got the keys to the things they bought.
ChrisMarshallNY 1 days ago [-]
This type of thing is where a lot of prescription drugs that hit the black market come from.
The manufacturers of drugs are highly regulated.
The prescribers of drugs are highly regulated.
The disbursers of prescription drugs are highly regulated.
The shippers; not so much.
There's a good reason the mob likes logistics companies.
disgruntledphd2 16 hours ago [-]
> The shippers; not so much.
It's not entirely the shippers/truckers fault. Shit travels downhill, and the actual shippers/truckers are the lowest people on the totem pole. They get screwed by everyone in the chain above them, and so it's not surprising that this happens a bunch.
aomix 1 days ago [-]
I worked at one of these places in college. Everybody had layers and layers of processes to make sure the shipment of controlled substances weren't tampered with. Because like you said the shipping companies were mostly immune to consequences from that. They'd wash their hands of the bad actors and move on. But it was seen was our fault if it happened and we didn't find it. Because of course we could be in on it and our not finding it could be part of the ploy!
In one a Fedex driver and conspirators would repackage a large shipment of painkillers. They'd take a single bottle from the a few boxes on each pallet and seal them back up in such a way that was very hard to spot.
Another time they'd take like 10% of the pills out of a bunch of bottles.
Many times the driver would get lunch and the truck would be stolen. Like once a year.
wmf 1 days ago [-]
I used to think this until I read that "supplements" contain real sildenafil.
Supplements are pretty much unregulated, and can have some fairly scary ingredients. The regulators generally don't mess with them, until someone (usually multiple someones) has a problem.
nradov 1 days ago [-]
Lots of dodgy nutritional supplements out there. Look for NSF Certified Safe for Sport products to be sure of what you're putting in your body.
And buy direct from the manufacturer. If you order through a reseller like Amazon then there's always a risk of getting counterfeit products if someone tampered with the supply chain.
pessimizer 1 days ago [-]
I've heard that the main reason they can be dangerous is because they can contain way too much.
furytrader 1 days ago [-]
My wife worked for a woman's health and beauty company that sold a lot of perfume and cologne, and their trucks would get ripped off all the time.
dylan604 1 days ago [-]
was there a general region where this happened more frequently that doesn't look like a heat map of the general population? I'm thinking specifically about east coast crime family tropes here
skybrian 1 days ago [-]
Wouldn't at least some shipping companies have the technology to track their trucks pretty closely nowadays?
bombcar 1 days ago [-]
They do. But the LTL trucks are easy to load and unload.
So you have tracking devices in the cab, the trailer, the pallets, and the boxes, and things STILL disappear.
lotsofpulp 16 hours ago [-]
With the low cost high quality cameras and broadband mobile communications, it seems almost impossible to not be able to hold a specific person accountable at each transfer.
overfeed 1 days ago [-]
> Guy was convinced the driver was on the take and would tip off someone about the juicy hauls.
Most logistics companies operate on shoestring IT budgets, and yet their software systems are juicy targets for organized crime, just like real estate companies.
KallDrexx 1 days ago [-]
Are there not commercial equivalent of AirTags that can be hidden into pallets to track things?
DeluluDon 4 hours ago [-]
Yes, they cost about $68 per package for FedEx
jimt1234 20 hours ago [-]
When I was a kid in the 70s and 80s, I noticed a weird pattern of gifting giving from my dad. For Christmas, everyone would get the exact same gift (same make and model). My siblings and I, our cousins, my uncle and his kids, the neighbor kids - everyone. Same gift. One year it was a 12-inch TV. The next year it was a boombox. Then a cordless phone. A VCR. And so on. It was weird.
I didn't really figure it out until a few years later. Then my dad told me about it. He worked in trucking/shipping his whole life. Every year before Christmas a few pallets would mysteriously go missing, and all the guys working on the docks would take a few things home with them for gifts. My dad told me that's just how it was back then. Everyone knew it; they just looked the other way.
15155 1 days ago [-]
This was a central plot point in The Fast and the Furious (2001)
rdtsc 1 days ago [-]
That was too dramatic. Crossbows, etc. If anything the driver is probably cut in and involved. Thieves randomly picking out the truck with $11M worth of GPUs just seems implausible (or trucks just get robbed left at right all the time, the yeah, there is a chance one time they’ll hit high value cargo).
DANmode 10 hours ago [-]
> Thieves randomly picking out the truck with $11M worth of GPUs just seems implausible
The film begins with the tip-off call from the logistics guy who loaded the container into the truck.
Also, meet some truckers. I wouldn’t try my luck the way the folks in the film did.
rdtsc 8 hours ago [-]
Oh right. Good point, I had forgot that part.
But I remember thinking it's not realistic for the truck driver to just drive straight at an even speed the seat next to him gets harpooned, twice. Still a fun movie!
DANmode 7 hours ago [-]
Yeah, definitely - the end scene is way closer to the reality of what happens when a trucker is ready and able.
dylan604 1 days ago [-]
I much prefer the train heist from Breaking Bad
ptek 24 hours ago [-]
Yeah I remember that, Isn't it like a meme now with instead of DVD players at the back of the truck, they had Raspberry PIs during COVID and now RAM and GPUS?
rdtsc 1 days ago [-]
Yeah, I would guess the driver is one who tips them off. Goes to some plausible location, gets out and takes a long enough lunch or bathroom break and then bam! “Omg someone stole this while I wasn’t looking”.
DelightOne 1 days ago [-]
Why aren't they putting cameras on every inch of the truck and immediately call law enforcement? Or are senders cheaping out on shipping
ric2b 6 hours ago [-]
Not even that.
All it would take is something as basic as a motion alarm on the trailer or an opening sensor on the trailer door, that would immediately have someone calling the truck driver if it went offline or was triggered, and then get the police to the truck if the driver didn't answer or wasn't by the truck.
0cf8612b2e1e 1 days ago [-]
The ideal amount of fraud is greater than zero.
Putting a bunch of technical compliance controls in place to stop the one-percent of bad actors is going to increase friction for everyone else.
tirant 18 hours ago [-]
The ideal amount of fraud is 0. But you need to operate in a high trust society.
My neighbors run a farm. They sell potatos, eggs, flowers, pumpkins. All unattended. You drop the cash and pick whatever you paid for. No one is watching. I don’t know how much theft they suffer, but not enough to stop doing it.
rcxdude 10 hours ago [-]
> I don’t know how much theft they suffer, but not enough to stop doing it.
That's the point, though. In a high-trust society a lot of things are easier, and that can make up for some amount of abuse of that trust (the challenge is, can it be made up for both locally and globally, because if individuals start having reasons to trust less then it can erode the whole thing).
As I was writing it, I knew “ideal” was wrong, but it was escaping me at the moment. Thanks for the correction, exactly the article I was implying.
hetman 1 days ago [-]
What form does this friction take?
rafale 22 hours ago [-]
It takes money to monitor and maintain those systems which in turn translate to higher shipping costs that may very well cost more than the theft you want to stop.
lotsofpulp 16 hours ago [-]
What if software was used for facial/gait/license plate/mobile device recognition, corroboration, issuing warrants, and even prosecuting the crime?
That should scale well and cut down on costs a lot, leaving mostly physical apprehension as the cost center.
rdtsc 1 days ago [-]
They will probably re-evaluate after this. Another thing is to send additional security with a trailing car. Hopefully assigned at random so it can't be someone connected with the driver. I know someone was shipping shelled walnuts and they did that as a semi full of those things can be in the many hundreds of thousands of dollars/euros in value.
manquer 1 days ago [-]
> probably harder to find a no-questions asked buyer
Is it ? with all the news this week about dummy servers and other tricks to bypass export controls, it seems there would be many no questions asked buyers abroad.
pak9rabid 1 days ago [-]
Heh, a play straight out of the movie Goodfellas
ndesaulniers 1 days ago [-]
Am reminded of the premise of the first The Fast & Furious movie.
throwaway27448 1 days ago [-]
Can xboxes still play games without connecting to the internet?
gosub100 1 days ago [-]
I knew a UPS logistics guy, who told me (20 years ago) that an entire 30+ foot UPS trailer full of brand new laptops simply disappeared from a warehouse.
MOARDONGZPLZ 1 days ago [-]
In my somewhat misspent youth, we used to steal VCRs and high end DVD players (gosh I feel old now). We started small, but eventually escalated a bit to teaming up to pull whole semi trucks over as they left the Port of Long Beach and taking everything. I’ve since reformed but just illustrating that it’s always been an issue. Then DVD players and VCRs, now GPUs.
blobbers 1 days ago [-]
"pull whole semi trucks over as they left the Port of Long Beach and taking everything" what does that mean?
DonHopkins 1 days ago [-]
[dead]
lostlogin 1 days ago [-]
How did you sell that many units once you had them?
pavel_lishin 1 days ago [-]
This sounds like The Fast & The Furious.
blobbers 19 hours ago [-]
That's why I wanted more details. What was Vin Diesel like? Did your civic have green lights underneath?
mkehrt 1 days ago [-]
Yeah, that's what it is.
xyst 1 days ago [-]
parent poster is larping
blobbers 19 hours ago [-]
but a little disappointing he didn't fill in the blanks.
I was expecting him to say that he did it for the thrill... and that he'd race for pink slips when he was robbing semi trucks.
asdfman123 1 days ago [-]
Working in big tech has completely torpedoed what I consider to be a lot of money. $11M is pocket change to them.
eks391 20 hours ago [-]
I remember when I switched from academia/research to industry. Within a couple months of being there, we ended up not needing some purchase, so my boss was asking if anyone had good ideas for spending 200k. I hadn't seen our budget yet and was unaware that this was nothing, and was surprised that we had that much, and that it was so casually discussed. I don't deal with the financial side of things, but I was able to infer that we spent >10M/mo at the facility where I worked
1 days ago [-]
bombcar 1 days ago [-]
$11m is like a truckload of diapers. Or diesel.
kube-system 1 days ago [-]
It could be an order as small as two NVIDIA NVL72 systems.
dylan604 1 days ago [-]
I was wondering if there'd be jokes about the price inflation on GPUs.
kube-system 1 days ago [-]
Unfortunately this isn't one. $5.7m is a reasonable estimate for one of those systems.
It feels like no... I worked in a cement plant warehouse once where a small bin of misplaced electronics was like $2M. It feels like the amount of shrinkage in electronics shipping and warehousing is probably enormous, it's just more sensational to report on it for NVIDIA right now.
olalonde 1 days ago [-]
The expected merchandise value of a loaded truck picked at random is ~$35,000. Armored trucks that transport cash rarely carry more than $1 million. So yes, it's a lot and most likely a targeted theft.
themanmaran 1 days ago [-]
Yea was going to say that's like 200 H100s. Which is a lot. But barely noticeable on an nvidia scale.
largbae 1 days ago [-]
Maybe 3 GB200 NVL72 racks? Not enough for 2 Vera Rubins...
barbariangrunge 24 hours ago [-]
Thats at least a dozen gpus, maybe more
quietsegfault 23 hours ago [-]
We will search diligently for the … ten missing gpus. We won’t sleep until we find those 8 gpus. Don’t fret, we are on the case to find the 6 gpus!
atmavatar 1 days ago [-]
With today's prices, that's maybe enough 5090s for a proper LAN party.
notatoad 1 days ago [-]
6 pallets is not a lot to go missing. could be theft, could be somebody put them in the wrong rack when they unloaded a truck.
olalonde 1 days ago [-]
They were not just misplaced. They can't find the truck and are investigating it as grand theft.
1 days ago [-]
mr_toad 11 hours ago [-]
> Is that... a lot?
11 million won’t even get you two racks of their latest GPUs. NVL72 racks (72 Blackwell GPUs a piece) sell for several million each.
1 days ago [-]
connicpu 1 days ago [-]
I saw the number and thought "so like, 2 racks of gb300s?"
1 days ago [-]
exe34 1 days ago [-]
No idea about logistics, but my cheap retro game console went from 0.7kg to 0.002 gram overnight at the depot. I thought it was oddly light when I took the box from the shop counter, and was very disappointed when I opened it.
duty_ledger 16 hours ago [-]
[flagged]
k0morebi 1 days ago [-]
For California? No. For civilized areas, that's a lot! Biggest haul I've heard about recently was 500k of copper from a truck and made the news in multiple outlets. I'm sure we don't hear about most of these incidents in the news, though. All parties involved are not interested in publicizing these events.
tencentshill 1 days ago [-]
These guys have unlimited money, why are they still transporting with regular couriers? There are tons of end-to-end secure logistics companies out there that can do the job. I can't imagine their insurance is too happy about it either.
It's been an ongoing well-coordinated effort, with gear often ending up in China. Hello, where is the FBI?
It's going to make a hell of a good movie one day though.
Aurornis 1 days ago [-]
> These guys have unlimited money, why are they still transporting with regular couriers?
Commercial shipments don’t work like when you receive a package from Amazon. The terms of the freight, including the point at which ownership is handed off, are negotiated terms. An $11.4 million contract would have this negotiated and agreed upon. Depending on how it’s structured, the shipment may not have been the shipper’s responsibility at all after it left the warehouse.
> I can't imagine their insurance is too happy about it either.
Insurance would take the risk of the transport method into account. The policy would say what transport methods are covered and the allowed methods would be used to calculate the risk of loss.
exmadscientist 1 days ago [-]
This, exactly. There's a pretty good chance this is all on the buyer, by contract.
quickthrowman 1 days ago [-]
I usually have two options. FOB origin, where I assume ownership when the item leaves the seller’s dock. FOB destination is more expensive, but the seller maintains ownership until the item is delivered to my choice of destination.
I always pay for FOB destination when ordering high value items. I bought two 250kVA UPSes from Eaton and one of the pallets tipped over on the truck.
The 2% I paid for FOB destination meant Eaton delivered another 250kVA UPS at their cost. Unsure if Eaton was made whole by the shipper or not.
dnemmers 11 hours ago [-]
Wishing I had known the difference between FOB destination & origin in the past..$50k SAN upgrade showed up broke...reseller ended up eating it after shipper and receiver both just threw their hands up.
exmadscientist 3 hours ago [-]
Best thing you can do is avoid "FOB" because it's a bit confusing. Incoterms 2020 are recognized by everyone and if you ask for particular Incoterms, you'll get them. Or if you don't, your lawyers will salivate, because they know your counterparty didn't perform.
roenxi 1 days ago [-]
> These guys have unlimited money, why are they still transporting with regular couriers?
Because decisions about how to handle individual units are made based on unit economics. And if you have unlimited money $10 million in lost goods is a rounding error that doesn't require any action.
siva7 1 days ago [-]
Brilliant. You're hired ;)
manquer 1 days ago [-]
11M worth of chips is very small stakes for all involved[1]. It is just about two NVL72 racks worth.
Every logistics operations expects a certain percentage of theft, they insure for it. The cost of securing has to be less than cost of loss. The logistics departments are doing 10's of billions of dollars every month to every hyperscaler and all the neoclouds all over the country (and internationally).
Even military logistics routinely losses high value items - from the recent f-35 part they tried to ship via HK(and lost to China) to even full nuclear bombs that are lost to this day from the cold war era.
If we cannot secure nuclear bombs 100% during transit, there isn't going to be 100% success for computer chips.
[1]Even for foreign adversaries, probably not worth the risk of the scandal just to get two racks. They need orders of magnitude more - the South East Asian route in the news this week seems to be $5-10B worth of chips for context.
tencentshill 1 days ago [-]
There's a lot more than just this incident, and not just GPUs.
Maybe there's going to be a GTA 6 mission based on this eventually..
fusslo 1 days ago [-]
I don't have an answer just anecdotally I know we'd use UPS (not even usps) to ship classified documents when I worked at the DOE
ozarkerD 1 days ago [-]
USPS accidentally delivered a bunch of classified military documents to my parents house when I was a kid. Some government official came out to personally take them back and thanked my parents profusely for returning them.
httpz 1 days ago [-]
A classified F-35 component was shipped using UPS and it somehow ended up in China
In the early 00s I worked in print production and we printed a ton of material for the DoE. Their own employees would give us classified documents to print into binders for presentations/meetings all the time. We were basically a Kinkos...
htrp 1 days ago [-]
UPS also somehow delivered stealth F35 Parts directly to China... no espionage required
asdfman123 1 days ago [-]
If you have unlimited money, it also means that $11.4M is nothing to you.
kube-system 1 days ago [-]
1. This was 6 pallets, not really a large shipment.
2. Was it an issue with the courier? The article makes it sound like it was picked up by a truck that wasn't supposed to
1 days ago [-]
exe34 1 days ago [-]
It's a question of how often it fails and how much it costs to fix it. If they can save $1 on average by doing it the dumb way, then that's what they'll do.
redanddead 1 days ago [-]
1/ their insurance doesn't give a fuck
2/ why would the FBI get involved in local police matters?
garettmd 1 days ago [-]
Well, it's an interstate commerce incident, which is squarely within the FBI's purview.
nickff 1 days ago [-]
Even as someone very skeptical of the application of the 'interstate commercial clause', I must say this is a crystal clear example of it.
dylan604 1 days ago [-]
As we've heard repeatedly this week, for unrelated reasons, it's also national security issue. That's definitely FBI purview
redanddead 1 days ago [-]
[flagged]
AngryData 1 days ago [-]
Im not threaten by China at all, there should be no sale restrictions. However I also don't think CEOs should be able to sidestep government regulations that they operate under and I hope he gets nailed to the wall over this.
If I got caught selling even a handful of restricted GPUs to China, I would be in prison. If we want to even pretend we live under the Rule of Law, this guy should be too.
redanddead 1 days ago [-]
> However I also don't think CEOs should be able to sidestep government regulations
Why not?
Is Nvidia an American company or a global company?
Jensen is right, logical and pragmatic
> I hope he gets nailed to the wall over this
Hope whatever you want to hope, go look at your local towns and cities and tell me how they’re doing. Go see what our retarded mindset of self-harm did to us.
>Rule of Law
What a nice pipedream. America can’t be a place of dreams and of wanting harm to others at the same time, you’ve gotta pick a lane buddy. The jingoism is coming from a tiny tiny handful of people, most Americans don’t give a fuuuuuck and just wanna have fun. There’s no reason for us to restrict or fight China it’s the dumbest shit, they’re so innovative
AngryData 1 days ago [-]
What does that even mean? What does being a "global company" mean exactly? It was founded in the US, it is headquartered in California, its stock is sold public on the US stock exchange. Yeah it needs to follow US rules.
And self harm for following our own rules? If the law is wrong, the law should be changed, but that doesn't mean you can just ignore the law when it is convenient because other people break laws. People do drugs and steal stuff every day, does that mean I should be allowed to smoke crack on the White House lawn and steal their pink flamingos without punishment?
Also if you don't believe in the Rule of Law or that we should enforce it, you don't believe in democracy or modern society. In which case I really could not care less about your opinions on law and order because they are of zero worth. It would just be rule by strength of arms, and the only reasonable response to that is using my own strength of arms to beat or kill my opposition into submission.
redanddead 24 hours ago [-]
Jensen is right!
> It was founded in the US, it is headquartered in California, its stock is sold public on the US stock exchange. Yeah it needs to follow US rules.
Fuck that
The law gets changed thanks to innovators and pioneers like him otherwise we follow the same policy that’s killing us.
I simply refuse no matter what to see 1.4 billion people as the enemy blindly when they’re driving our world towards progress while our governance is out here jerking off and hurting ourselves
rangestransform 4 hours ago [-]
The simple truth is the US benefits from them selling us physical things in exchange for our IOUs and “intellectual property”. Geopolitics should always be pragmatic instead of values driven, and I’ll be damned if my country is giving away its advantage instead of using that advantage to gain an even bigger advantage.
That being said, it would’ve been better for China to be dependent on Nvidia instead of funneling that money into domestic alternatives.
dylan604 1 days ago [-]
Do you think I'm the FBI? Why are you asking me this like I'm the one making the claims? All I did was report what is being said about the situation. Also, nobody asked if you were concerned. Why is your opinion important or interesting in any way regarding this. Are you Jensen using an alias?
redanddead 1 days ago [-]
Jensen is simply right and an actual legend in the valley
esseph 1 days ago [-]
> 2/ why would the FBI get involved in local police matters?
Because as far as the US government is concerned, GPU technology is an export-controlled, somewhat sensitive item. Like non-nuclear components for nuclear weapons, in a way.
redanddead 1 days ago [-]
jensen is right, comparing GPUs and AI to nukes is lunacy holy fuck, which planet are you on?
Do you know what modern nukes do? They’re horrific. Token generators and JEPA are cute science experiments, barely useful at all. Prove me wrong.
esseph 1 days ago [-]
I'll leave this here, it has their reasoning behind it:
Semiconductors are strategic and uniquely important electronic devices. They are fundamental to most industrial and national security activities and serve as essential building blocks of other technologies, such as artificial intelligence (AI). Policymakers, including top leaders in the United States, the People's Republic of China (PRC, or China), and elsewhere, see semiconductors and AI technologies as critical to future economic competitiveness, national security, and global leadership. In 2014, the PRC government issued a national semiconductor industrial policy with the stated goal of establishing a world-leading semiconductor industry in all areas of the integrated circuit supply chain by 2030. To achieve its goals of technology leadership and independence, China has used government financing and certain policies to foster targeted foreign commercial ties across the semiconductor supply chain.
Since 2018, the U.S. government has sought to strengthen U.S. export controls of advanced semiconductors with the stated intent of both restricting PRC access to the technologies and ability to produce advanced chips, and curtailing PRC access to related computing and AI applications. U.S. actions have also sought to sustain U.S. leadership in advanced chips, related parts of the semiconductor supply chain, and computing and AI applications, while slowing China's development of competitive capabilities. U.S. actions have been grounded in concerns about PRC efforts to build an indigenous, self-sufficient, and secure and controllable semiconductor ecosystem; and PRC military-civil fusion policies that seek to use commercial advancements in semiconductors, AI, and other technologies for military uses. Some analysts have noted that before 2018, some U.S. controls and licensing policies vis-a-vis China allowed some U.S. firms across the supply chain to contribute to the development of China's semiconductor industry. U.S. efforts to enhance controls have restricted some advanced technologies and activities from China. Other parts of the semiconductor supply chain remain open to China.
---
reaperducer 1 days ago [-]
their insurance doesn't give a fuck
When the company doesn't care, the insurance still cares.
When the police don't care, the insurance still cares.
Insurance always cares.
wnevets 1 days ago [-]
death, taxes and insurance caring about these things
redanddead 1 days ago [-]
the insurance doesn’t care in the slightest and is happy with this particular trade, many shipments don’t get stolen
It’s baked into the cost
Insurance cares about losing hundreds more billions on hurricanes and floods, and even then they barely give a fuck. Nobody cares about some little shitty shipment
reaperducer 1 days ago [-]
slightest and is happy with this particular trade, many shipments don’t get stolen
Clearly you've never owned a business or dealt with commercial insurance. Perhaps stop replying since you don't know what you're talking about.
redanddead 24 hours ago [-]
Ha
Factually untrue, Jensen is fucking right
reaperducer 22 hours ago [-]
Who is Jensen?
Are you having a stroke?
BenjiWiebe 18 hours ago [-]
I think I've figured it out. I think he's referring to Jensen Huang.
cyanydeez 1 days ago [-]
Yeah, the FBI is busy felatios for Binance and their billion funny-dollar coins!
not_a_bot_4sho 20 hours ago [-]
My firm has tracked a few incidents like these where the material inevitably ends up in China. (Important: I cannot speak to this specific case! Only that it sounds familiar.)
It's too much money for some people to pass up. But a spoiler: you have to trade it for jail eventually because the FBI prioritizes this right now.
hnarn 15 hours ago [-]
"Trade it for jail"? I assume you mean trade it for prison, unless you mean people do not get convicted?
RobotToaster 1 days ago [-]
They stole three whole gaming GPUs?
a3w 1 days ago [-]
Nope, two datacentre-first GPUs with at least 32 GB RAM. EACH.
jasonjayr 1 days ago [-]
Presumably, these GPU's have [known] serial numbers?
And the driver sends that Serial number back to nvidia when checking for updates?
For tech like this, doesn't more or less reveal where these things ultimately end up ?
generalizations 1 days ago [-]
^ guy who never heard of a telemetry-blocking firewall
obviously not by the pallet. but you wouldn’t fill a ford transit van.
DonHopkins 1 days ago [-]
They would easily fit in a Wagon Queen Family Truckster.
base698 23 hours ago [-]
I've been waiting for a heist movie based on this premise.
pablok2 1 days ago [-]
Toretto...
DANmode 22 hours ago [-]
SWAT came into my home…disrespected my mistress!
lovegrenoble 22 hours ago [-]
With regular couriers???
newsclues 1 days ago [-]
Wait why aren’t they like iPhones where an activation server enables them post sale?
ozgrakkurt 1 days ago [-]
You can’t sell to China that way though
thereader12 1 days ago [-]
That sounds horrible
1 days ago [-]
fishgoesblub 1 days ago [-]
I would imagine the people spending millions upon millions buying these cards don't want to have to rely on NVIDIA to "allow" them to use the cards they spent millions upon millions on.
newsclues 1 days ago [-]
Like iPhone buyers if they don’t have a choice what are they going to do?
thereader12 1 days ago [-]
Lobby the government, do a lawsuit, invest in competition.
roosterIllusi0n 5 hours ago [-]
Jensen's plan worked well. He set it up so nvidia customers had to buy hardware they did not need. Criminals have caught on and are grabbing it. China gets more gpus and insurance bails the companies out of having to buy the gpus.
Everyone involved benefits from higher rates of hardware theft, hence, no additional security. Insurance companies should stop paying out, just like they do to the rest of us.
Jensen used these forced sales to increase production, which enabled smuggling more cards to china. Jensen never could have increased the number of cards he was smuggling without increasing overall production. The entire circular financing and AI bubble was orchestrated by jensen, the nvidia board, and nvidia to enable smuggling gpus to china which made jensen and richest nvidia insiders more money.
alexnewman 1 days ago [-]
That’s like two cards right?
duty_lines 17 hours ago [-]
[flagged]
duty_lines 17 hours ago [-]
[flagged]
treebeard901 1 days ago [-]
Let's assume that Lutnick, Trump and even Jensen Huang were all making money on the side by using their combined involvement to bypass export controls. The $25 million ballroom donation, and likely other forms of quid pro quo to be discovered by a pending investigation. If Trump was informed twice that she was a "spy" over the course of a year, and did nothing, and Lutnick failed to add Megaspeed and others to the export control lists, and the ballroom donation was made... It seems clear to assume that this lost shipment was also being tracked by the Feds and even more likely, they know exactly where it is now. The timing of it all would be too coincidental to not be connected. And if this is the case, all of the above were just caught red handed in an elaborate form of public corruption and quid pro quo that goes from nVidia, through the Commerce Dept and directly to the President. I'm sure there is much more to come on this story...
KeplerBoy 1 days ago [-]
11M really is not enough to suspect a conspiracy of this scale.
It doesn't take a genius to figure out what a shipment with an Nvidia label to a warehouse contains.
pixl97 1 days ago [-]
Typically it's a bit harder than that as not every shipment is millions of dollars in stuff.
My father was a transportation manager for years, and his first rule is when expensive shipments are targeted and inexpensive are not it's an inside job.
treebeard901 1 days ago [-]
Not sure why my original post is downvoted, it is following all publicly available information about this case so far.
This is just one shipment of several that would have been siphoned off over the past year or two.
Oh and another fact, news of the nVidia situation got out to investors and was the source of the recent broad market sell off, even though this was all insider trading based on information that has not been released publicly.
mandeepj 1 days ago [-]
> 11M really is not enough to suspect a conspiracy of this scale.
That's how they fool the public, and people almost always take the bait. The above "$11M" is just one of many; the rest have not been discovered yet.
GolfPopper 1 days ago [-]
It's sort of like ants in your kitchen.
apetresc 1 days ago [-]
If "they" are in a position to control the narrative to this degree, then why bother disclosing the "$11M" theft at all? Why not just not report any of it, rather than artificially report about one of many and distort the value?
The_Blade 1 days ago [-]
yeah seriously, this is just a Tuesday afternoon for Ziggy Sobotka
aorloff 1 days ago [-]
The big conspiracy is not $11m of hardware going missing in domestic US, its everyone from Jensen Huang to Trump knowing Huang's girlfriend was a Chinese spy and several mysterious shell companies with a front office that she was connected to in Singapore buying billions of dollars of chips. At least based on reporting so far.
edit : oh and possibly Lutnick and Nvidia covering it up
So perhaps there's another shoe to drop in terms of Nvidia (the DOJ case), and maybe Trump throws Lutnick under the bus when the heat piles on
jjtheblunt 1 days ago [-]
> Let's assume that Lutnick, Trump and even Jensen Huang were all making money on the side by using their combined involvement to bypass export controls.
Let's not, and wait for evidence instead...keeping an eye on your assumption as indeed possible.
kergonath 1 days ago [-]
You can bet that Trump es making money in this. ([edit] not in this incident specifically, but in the whole Nvidia situation). Otherwise he’d be complaining loudly right now.
nathanfries 1 days ago [-]
The GB202 RTX 5090 was discontinued, which had 32GB of DDR7 and was subject to export controls. Coincidentally, the GB202 RTX Pro 5500, which has 84GB of DDR7 suddenly was able to be produced and is somehow compliant with the export controls.
I'm not sure how to square this against there not being some funny business with the export controls.
Your theory is like pointing at a story about a guy holding up a 7/11 in March 2009 and blaming it on Bernie Madoff.
treebeard901 1 days ago [-]
Bypassing export controls is not this simple. In this case, it was the commerce secretary who slow rolled enforcement, likely due to some form of quid pro quo knowing the people involved and even extending to the $25 million ballroom donation..
They had to get around other Federal oversight that was trying to enforce the export controls. Bessent clarified as much on CNBC earlier today.
kube-system 1 days ago [-]
Still ain't nobody spending 25 million and filing false police reports to make a 7 million gain.
Someone in a food truck taking 6 pallets from a dock is a theft.
Someone currying favor to the tune of $25 million has billions to make.
kouru225 1 days ago [-]
Without Lord Jensen Huang, The Nvidia Empire is weak and vulnerable. The vultures have descended to scavenge before a new successor is sworn in. Take what you can, impoverished filth! You shall only incur the wrath of our new righteous GPU Emperor!
spike021 1 days ago [-]
Better find out where Dominic Toretto is.
ronburgandy28 1 days ago [-]
Ride or die.
gattr 1 days ago [-]
Was it in the "FF 5"'s opening where they carjacked a tanker with ~$50k worth of diesel? Nowadays a 90 m³ trailer full of DDR5 RDIMMs would be what... $200M? $500M?
23 hours ago [-]
binarymax 1 days ago [-]
s/dvd players/gpus/ and you've got a reboot.
paxy 1 days ago [-]
So six pallets of a shipment got stolen? Is this really news other than having Nvidia on the label?
chasd00 1 days ago [-]
Last sentence of the article “Regardless of how this shipment disappeared, carrier verification, shipment visibility and communication remain critical throughout transportation.”
Ugh the evidence suggests otherwise. You’d think $11M in high demand scarce cargo would get a little more attention as far as security goes.
Conscat 1 days ago [-]
Nobody in Oakland knows of the word "security".
LogicFailsMe 1 days ago [-]
I had my order for a bed frame from Amazon diverted to some guy's house two cities over a few months back. I'm sure that wasn't the only he "received."
amelius 15 hours ago [-]
That's like 1 gaming GPU card in today's prices.
blobbers 1 days ago [-]
96B in revenue... 11.4M stolen 0.01875%
scrubs 1 days ago [-]
A few pallets of Nvidia hw also went missing in sao Paulo, brazil.
xlayn 1 days ago [-]
If those things are not found someone is going to get F hard... by a spy
jansan 1 days ago [-]
At current prices that is a quarter of a semi loaded with RTX 5090 boxes.
nstj 1 days ago [-]
That’s 3 GPU’s gone forever
xyst 1 days ago [-]
Probably the shipment that Jensen leaked to his Chinese spy.
jrflowers 1 days ago [-]
A single gamer’s pc gets stolen and it is news
madaxe_again 1 days ago [-]
With what we now know, it’s obvious that Huang organised this in collaboration with the Hong Kong triads, probably in exchange for cocaine and prostitutes.
mococa 1 days ago [-]
Again?
hulitu 1 days ago [-]
> $11.4M in Nvidia hardware vanishes
2 video cards ?
bdangubic 1 days ago [-]
so like two chips? :)
Qision 1 days ago [-]
Someone is now ready to run GTA VI
ksudb 23 hours ago [-]
[dead]
mihaaly 1 days ago [-]
I am bad at geography. Is Southern California close to China? Please help. ;-)
But anyhow, when it is a data-center GPU shipment then no need for trucks, a single van would do.
thaumasiotes 20 hours ago [-]
> I am bad at geography. Is Southern California close to China? Please help. ;-)
As far as transportation goes... yes?
DonHopkins 1 days ago [-]
[flagged]
Rendered at 00:25:33 GMT+0000 (Coordinated Universal Time) with Vercel.
Tech-Insider $11.4M of Nvidia Chips Vanished in Oakland (6 points, 1 week ago) https://news.ycombinator.com/item?id=50394165
TomsHardware Six pallets of Nvidia GPUs worth $11.4M stolen in California in Aug 2026 (7 points, 1 week ago) https://news.ycombinator.com/item?id=50394256
ArsTechnica Nvidia hardware worth $11.4M vanished between Oakland and Texas (9 points, 6 days ago) https://news.ycombinator.com/item?id=50405863
TechPowerup (10 points, 6 days ago) https://news.ycombinator.com/item?id=50407874
While probably harder to find a no-questions asked buyer, the price premium on GPUs is a lot higher than some consoles.
The scenario you outlined is not all that common. There are much more sophisticated scams. What I see the most often are disclosures of load information and pickup numbers to bad actors (e.g. via social engineering).
When you roll up to a facility with a truck, you need to provide information from the bill of lading, and the key piece of data is the pickup number, which is basically like a PIN for the shipment. If that gets into the wrong hands, then someone else can show up at that facility, pose as the carrier, and get loaded with the goods. It's quite low risk during the operation because there's no hijacking or anything else obviously criminal happening. People will literally load the thief's truck.
https://en.wikipedia.org/wiki/Toronto_Pearson_International_...
You can't really dust for maple syrup.
I'd believe it's as old. It seems like it'd be difficult for it to be older, though - why is someone moving along a highway if there are no civilizations?
https://images.pexels.com/photos/16160627/pexels-photo-16160...
A human tribe could create paths like that, moving all together. But if they encountered "bandits", the result wouldn't be a robbery; it would be a massacre. And that wouldn't likely happen anyway, because there'd be no reason for anyone to be waiting by the path.
(As you noted, animals can create their own paths. Those animals have predators. Which predators lurk by paths waiting for prey to come by?)
If you have one guy moving along an established path, it must mean that (a) a lot of people independently have reason to follow that path at different times, and (b) that guy in particular has reason to be at both ends of the path.
There are two reasons you might see a path appear because of human traffic:
1. The geography imposes a very strict bottleneck, like a mountain pass.
2. Commerce.
It's pretty much always commerce. Commerce can tell you why someone is moving between two fixed locations, and why hundreds or thousands of other people are taking the same route at different times. (Because the endpoints never move, and the people are always either at one endpoint or traveling between them.) And commerce can also tell you why bandits find it worth their while to hang out next to the path.
O peddler, peddler, what's in thy pack? Come speedily and tell to me
I've several suits of the gay green cloth, and silken bowstrings two or three
If you've several suits of the gay green cloth, and silken bowstrings two or three
Then, by my body, says Little John, one half your pack shall belong to me
This is maybe not surprising, nor even malicious? It's a pretty common confusion - they are both in the Salmonidae family, and there is a bunch of naming confusion between them linguistically.
For example, in several regions steelhead is referred to as a salmon, even though it is really an ocean-going rainbow trout.
Cut costs on effort to increase margins.
We just lie to ourselves as being honest about all the time lost to stupid toil due to archaic leadership stuck in 1986 and inane screen use is just depressing so we make up a story to feel better
https://www.marcfennell.com/nutjobs
Like, we were expensive, but had a lot of pharmaceutical and tech hardware clients.
So yeah, this stuff exists but it's not perfect.
I'd go further than that. A no-questions-asked buyer for a console merely suspects there's shenanigans afoot, and will expect a considerable discount off the sticker price. A no-questions-asked buyer for server GPUs almost certainly knows for a fact there's shenanigans afoot, but is likely to pay a premium over the sticker price anyway.
The manufacturers of drugs are highly regulated.
The prescribers of drugs are highly regulated.
The disbursers of prescription drugs are highly regulated.
The shippers; not so much.
There's a good reason the mob likes logistics companies.
It's not entirely the shippers/truckers fault. Shit travels downhill, and the actual shippers/truckers are the lowest people on the totem pole. They get screwed by everyone in the chain above them, and so it's not surprising that this happens a bunch.
In one a Fedex driver and conspirators would repackage a large shipment of painkillers. They'd take a single bottle from the a few boxes on each pallet and seal them back up in such a way that was very hard to spot.
Another time they'd take like 10% of the pills out of a bunch of bottles.
Many times the driver would get lunch and the truck would be stolen. Like once a year.
https://www.nsf.org/knowledge-library/importance-nsf-certifi...
And buy direct from the manufacturer. If you order through a reseller like Amazon then there's always a risk of getting counterfeit products if someone tampered with the supply chain.
So you have tracking devices in the cab, the trailer, the pallets, and the boxes, and things STILL disappear.
Most logistics companies operate on shoestring IT budgets, and yet their software systems are juicy targets for organized crime, just like real estate companies.
I didn't really figure it out until a few years later. Then my dad told me about it. He worked in trucking/shipping his whole life. Every year before Christmas a few pallets would mysteriously go missing, and all the guys working on the docks would take a few things home with them for gifts. My dad told me that's just how it was back then. Everyone knew it; they just looked the other way.
The film begins with the tip-off call from the logistics guy who loaded the container into the truck.
Also, meet some truckers. I wouldn’t try my luck the way the folks in the film did.
But I remember thinking it's not realistic for the truck driver to just drive straight at an even speed the seat next to him gets harpooned, twice. Still a fun movie!
All it would take is something as basic as a motion alarm on the trailer or an opening sensor on the trailer door, that would immediately have someone calling the truck driver if it went offline or was triggered, and then get the police to the truck if the driver didn't answer or wasn't by the truck.
Putting a bunch of technical compliance controls in place to stop the one-percent of bad actors is going to increase friction for everyone else.
My neighbors run a farm. They sell potatos, eggs, flowers, pumpkins. All unattended. You drop the cash and pick whatever you paid for. No one is watching. I don’t know how much theft they suffer, but not enough to stop doing it.
That's the point, though. In a high-trust society a lot of things are easier, and that can make up for some amount of abuse of that trust (the challenge is, can it be made up for both locally and globally, because if individuals start having reasons to trust less then it can erode the whole thing).
That should scale well and cut down on costs a lot, leaving mostly physical apprehension as the cost center.
Is it ? with all the news this week about dummy servers and other tricks to bypass export controls, it seems there would be many no questions asked buyers abroad.
I was expecting him to say that he did it for the thrill... and that he'd race for pink slips when he was robbing semi trucks.
https://www.tomshardware.com/tech-industry/artificial-intell...
11 million won’t even get you two racks of their latest GPUs. NVL72 racks (72 Blackwell GPUs a piece) sell for several million each.
It's been an ongoing well-coordinated effort, with gear often ending up in China. Hello, where is the FBI?
https://www.tomshardware.com/tech-industry/big-tech/data-cen...
It's going to make a hell of a good movie one day though.
Commercial shipments don’t work like when you receive a package from Amazon. The terms of the freight, including the point at which ownership is handed off, are negotiated terms. An $11.4 million contract would have this negotiated and agreed upon. Depending on how it’s structured, the shipment may not have been the shipper’s responsibility at all after it left the warehouse.
> I can't imagine their insurance is too happy about it either.
Insurance would take the risk of the transport method into account. The policy would say what transport methods are covered and the allowed methods would be used to calculate the risk of loss.
https://en.wikipedia.org/wiki/FOB_(shipping)
I always pay for FOB destination when ordering high value items. I bought two 250kVA UPSes from Eaton and one of the pallets tipped over on the truck.
The 2% I paid for FOB destination meant Eaton delivered another 250kVA UPS at their cost. Unsure if Eaton was made whole by the shipper or not.
Because decisions about how to handle individual units are made based on unit economics. And if you have unlimited money $10 million in lost goods is a rounding error that doesn't require any action.
Every logistics operations expects a certain percentage of theft, they insure for it. The cost of securing has to be less than cost of loss. The logistics departments are doing 10's of billions of dollars every month to every hyperscaler and all the neoclouds all over the country (and internationally).
Even military logistics routinely losses high value items - from the recent f-35 part they tried to ship via HK(and lost to China) to even full nuclear bombs that are lost to this day from the cold war era.
If we cannot secure nuclear bombs 100% during transit, there isn't going to be 100% success for computer chips.
[1]Even for foreign adversaries, probably not worth the risk of the scandal just to get two racks. They need orders of magnitude more - the South East Asian route in the news this week seems to be $5-10B worth of chips for context.
https://www.tomshardware.com/tech-industry/big-tech/data-cen...
Maybe there's going to be a GTA 6 mission based on this eventually..
https://www.cnbc.com/2026/09/24/chinaf-f35-components-hong-k...
2. Was it an issue with the courier? The article makes it sound like it was picked up by a truck that wasn't supposed to
2/ why would the FBI get involved in local police matters?
If I got caught selling even a handful of restricted GPUs to China, I would be in prison. If we want to even pretend we live under the Rule of Law, this guy should be too.
Why not?
Is Nvidia an American company or a global company?
Jensen is right, logical and pragmatic
> I hope he gets nailed to the wall over this
Hope whatever you want to hope, go look at your local towns and cities and tell me how they’re doing. Go see what our retarded mindset of self-harm did to us.
>Rule of Law
What a nice pipedream. America can’t be a place of dreams and of wanting harm to others at the same time, you’ve gotta pick a lane buddy. The jingoism is coming from a tiny tiny handful of people, most Americans don’t give a fuuuuuck and just wanna have fun. There’s no reason for us to restrict or fight China it’s the dumbest shit, they’re so innovative
And self harm for following our own rules? If the law is wrong, the law should be changed, but that doesn't mean you can just ignore the law when it is convenient because other people break laws. People do drugs and steal stuff every day, does that mean I should be allowed to smoke crack on the White House lawn and steal their pink flamingos without punishment?
Also if you don't believe in the Rule of Law or that we should enforce it, you don't believe in democracy or modern society. In which case I really could not care less about your opinions on law and order because they are of zero worth. It would just be rule by strength of arms, and the only reasonable response to that is using my own strength of arms to beat or kill my opposition into submission.
> It was founded in the US, it is headquartered in California, its stock is sold public on the US stock exchange. Yeah it needs to follow US rules.
Fuck that
The law gets changed thanks to innovators and pioneers like him otherwise we follow the same policy that’s killing us.
I simply refuse no matter what to see 1.4 billion people as the enemy blindly when they’re driving our world towards progress while our governance is out here jerking off and hurting ourselves
That being said, it would’ve been better for China to be dependent on Nvidia instead of funneling that money into domestic alternatives.
Because as far as the US government is concerned, GPU technology is an export-controlled, somewhat sensitive item. Like non-nuclear components for nuclear weapons, in a way.
Do you know what modern nukes do? They’re horrific. Token generators and JEPA are cute science experiments, barely useful at all. Prove me wrong.
https://www.congress.gov/crs-product/R48642
---
Semiconductors are strategic and uniquely important electronic devices. They are fundamental to most industrial and national security activities and serve as essential building blocks of other technologies, such as artificial intelligence (AI). Policymakers, including top leaders in the United States, the People's Republic of China (PRC, or China), and elsewhere, see semiconductors and AI technologies as critical to future economic competitiveness, national security, and global leadership. In 2014, the PRC government issued a national semiconductor industrial policy with the stated goal of establishing a world-leading semiconductor industry in all areas of the integrated circuit supply chain by 2030. To achieve its goals of technology leadership and independence, China has used government financing and certain policies to foster targeted foreign commercial ties across the semiconductor supply chain.
Since 2018, the U.S. government has sought to strengthen U.S. export controls of advanced semiconductors with the stated intent of both restricting PRC access to the technologies and ability to produce advanced chips, and curtailing PRC access to related computing and AI applications. U.S. actions have also sought to sustain U.S. leadership in advanced chips, related parts of the semiconductor supply chain, and computing and AI applications, while slowing China's development of competitive capabilities. U.S. actions have been grounded in concerns about PRC efforts to build an indigenous, self-sufficient, and secure and controllable semiconductor ecosystem; and PRC military-civil fusion policies that seek to use commercial advancements in semiconductors, AI, and other technologies for military uses. Some analysts have noted that before 2018, some U.S. controls and licensing policies vis-a-vis China allowed some U.S. firms across the supply chain to contribute to the development of China's semiconductor industry. U.S. efforts to enhance controls have restricted some advanced technologies and activities from China. Other parts of the semiconductor supply chain remain open to China.
---
When the company doesn't care, the insurance still cares.
When the police don't care, the insurance still cares.
Insurance always cares.
It’s baked into the cost
Insurance cares about losing hundreds more billions on hurricanes and floods, and even then they barely give a fuck. Nobody cares about some little shitty shipment
Clearly you've never owned a business or dealt with commercial insurance. Perhaps stop replying since you don't know what you're talking about.
Factually untrue, Jensen is fucking right
Are you having a stroke?
It's too much money for some people to pass up. But a spoiler: you have to trade it for jail eventually because the FBI prioritizes this right now.
And the driver sends that Serial number back to nvidia when checking for updates?
For tech like this, doesn't more or less reveal where these things ultimately end up ?
https://news.ycombinator.com/item?id=50396888
https://news.ycombinator.com/item?id=50394165
When you reach your destination you can simply reassemble the cards
[0]: https://www.youtube.com/watch?v=qg1ckCkm8YI
Everyone involved benefits from higher rates of hardware theft, hence, no additional security. Insurance companies should stop paying out, just like they do to the rest of us.
Jensen used these forced sales to increase production, which enabled smuggling more cards to china. Jensen never could have increased the number of cards he was smuggling without increasing overall production. The entire circular financing and AI bubble was orchestrated by jensen, the nvidia board, and nvidia to enable smuggling gpus to china which made jensen and richest nvidia insiders more money.
It doesn't take a genius to figure out what a shipment with an Nvidia label to a warehouse contains.
My father was a transportation manager for years, and his first rule is when expensive shipments are targeted and inexpensive are not it's an inside job.
This is just one shipment of several that would have been siphoned off over the past year or two.
Oh and another fact, news of the nVidia situation got out to investors and was the source of the recent broad market sell off, even though this was all insider trading based on information that has not been released publicly.
That's how they fool the public, and people almost always take the bait. The above "$11M" is just one of many; the rest have not been discovered yet.
edit : oh and possibly Lutnick and Nvidia covering it up
So perhaps there's another shoe to drop in terms of Nvidia (the DOJ case), and maybe Trump throws Lutnick under the bus when the heat piles on
Let's not, and wait for evidence instead...keeping an eye on your assumption as indeed possible.
I'm not sure how to square this against there not being some funny business with the export controls.
Your theory is like pointing at a story about a guy holding up a 7/11 in March 2009 and blaming it on Bernie Madoff.
They had to get around other Federal oversight that was trying to enforce the export controls. Bessent clarified as much on CNBC earlier today.
Someone in a food truck taking 6 pallets from a dock is a theft.
Someone currying favor to the tune of $25 million has billions to make.
Ugh the evidence suggests otherwise. You’d think $11M in high demand scarce cargo would get a little more attention as far as security goes.
2 video cards ?
But anyhow, when it is a data-center GPU shipment then no need for trucks, a single van would do.
As far as transportation goes... yes?