Musk says part of Nvidia's agreements are threatened because it's just a 'handshake' with Huang

São Paulo The owner of Tesla,

Musk reported this Saturday (14) that "most of the agreements were a handshake with Jensen, not a written contract."

The businessman did not detail which agreements would be threatened. "Without Jensen, at least some of these essential agreements will be lost," said Musk.

In September, The Economist magazine classified Nvidia as "a central bank of artificial intelligence", assuming the role of centralizing investments in the sector, seen as a circle, as the same companies exchange agreements with each other, feeding this chain back.

Through Huang, the chip supplier offered, in August, a guarantee of up to US$105 billion (R$593.77 billion) for a data center in Ohio. Previously, the company had announced a US$500 billion (R$2.83 trillion) package for AI.

In the same month, Nvidia agreed US$6 billion to license Poolside's software and US$1 billion (R$5.65 billion) for a stake in the startup. It also agreed to purchase Hugging Face for US$12.9 billion (R$72.95 billion). In July, it promised to supplement revenues from data center customers below targets.

Critics say the deals are reminiscent of the dot-com bubble of the late 1990s, when telecommunications equipment makers lent billions of dollars to telecommunications companies that bought their equipment.

When demand for these companies' services fell below expectations, some went bankrupt, leaving Cisco and Lucent with large losses.

According to the Economist, Nvidia has committed to more than US$70 billion (R$395.85 billion) in investments in startups and offered US$300 billion (R$1.7 trillion) in customer support over the last three years.

Huang left his positions as president, CEO and member of the board of directors after the scandal of three extramarital relationships, one of them with an alleged Chinese spy.

Nvidia has named Colette Kress as interim CEO and is looking for names inside and outside the company. The New York Times newspaper published this Thursday (12) that seven names are listed, including Tim Cook, former CEO of Apple, who was mentioned by US President Donald Trump.