Hosts Jennifer Welch and Josh Welch discuss reports that Nvidia CEO Jensen Huang was ousted after affairs, including one with a woman suspected of spying for China. They examine the chip export fight inside the Trump administration, where Commerce Secretary Howard Lutnick is reported to have resisted a crackdown on diverted chips.
The conversation also covers the Ellison family's media holdings, concerns about AI systems shaping history, Justice Department antitrust review, and Senate Democrats' support for Chuck Schumer as majority leader. Listeners hear the hosts' arguments that regulation and corporate accountability are needed, though many of their claims are opinions and reports that remain unconfirmed.
In this episode Jennifer Welch, Josh Welch
This transcript of the IHIP News episode on Nvidia's CEO scandal and chip export politics was made with the technology behind HappyScribe's AI meeting summary.
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All right, let's do a little check-in with friends of the show, Fox News, and see how they are coping with the blue nominee. And just shout-out to all the Fox producers that watch us every day. Pop this up. Here's a chyron. And for those of you listening, it has one of the Fox guys and then, like, a conservative influencer in the— in the bottom of it says "reality check." People who fled California for Texas, consider moving again.
Why don't they just pack up and go to Russia? They might be safe there for 5, 6 years, you know?
Yeah.
Because the shift— the tidal wave is hitting the country. There's no safe place to be if you're red. Everything's turning blue.
It's incredible that they go and they try to— they take the corporate policies that have created and exacerbated this wealth gap that is just astronomical. We're not living in a capitalist society anymore. We're living in a corporate welfare society where corporations are nursing off the taxpayer's tip. So they take all of that to Texas, thinking, "Oh, we're going to make even more money." And the policies are so bad, the state turns blue, which is what I've been saying forever. When we live in Oklahoma, I'm like, look at what MAGA supermajorities get you.
We're 50th in education, a bottom-10 state, worst state in America for women to live. Republican supermajorities always deliver a race to the bottom.
That sounds like— that sounds like a sales pitch for Elon to come to Oklahoma, because he would be attracted to everything that you just said.
Yeah. Yeah, and then— and then, I mean, Oklahoma shifted blue. They didn't win anything nationally, but there was a huge, huge shift.
They rolled.
And so hopefully the Democrats go in there. But there is some really juicy stuff happening that has larger economic and national security issues. So we've been told by these oligarchs and by the United States government, "AI is your friend, and you need to accept it, and you need to embrace it. And we have to win the AI race. Otherwise, China is going to come in and they're going to win and they're going to dominate and blah, blah."
So there's a company called Nvidia, and Nvidia makes all of the chips that run and train AI. So on the one hand, it just heat up. We can't let China win, right? So Nvidia CEO is this guy named Jensen Huang. Turns out Jensen Huang is literally sleeping with the Chinese government. He was honeypotted by a Chinese spy. The Chinese have infiltrated the whole MAGA elites that are propping up fascism.
And so they're putting this burden on us. We have to be brave and take it on the chin with all of these data centers. Wow. And Kylie tells me we have some breaking news coming in as we're covering this story. Pop this up. Bloomberg is reporting that Nvidia CEO Jensen Huang, the preeminent face of the AI infrastructure boom, was ousted from his post after reports of two affairs, including with one woman who is reportedly suspected of spying for China.
I mean, patriotic woke is back. Not just woke is back, but this is a patriotic form of wokeism where I'm here for it.
I think we're seeing the tea leaves here on what's to come. I think for him to do that, I mean, he's been the only CEO of this company in its existence. So that tells you everything you need to know. Like, this story's got a lot of antennas going different directions where a lot of people are going to be implicated, including the Secretary of Commerce. And there's issues about what Donald Trump knew and China. But this thing is going to implode at some point. And it's starting to reach that point. It's a little bit of a complicated story, but the gist of it is that the Chinese, this agent infiltrated Jensen, Jensen and his chips are so intertwined with our national security interests in our country.
And so— and they're supposedly trying to ban these chips from being given to China, but yet Lutnick is trying to keep Trump from doing that, it appears. That's why they're at odds. And so I think that we're going to see more about this and just the corruption and Lord knows whose pockets are being lined in the course of all of this bullshit. That's kind of the undertone here. Somebody's making a shitload of money to do all this stuff, and we'll find that out in due time.
And that's always the through line with these people. Somebody is getting enriched. MAGA and our government, our MAGA government right now is telling us, "Hey, listen up. We know this might pollute your rural town. You need to take it on the chin. Be a patriot." Meanwhile, the guy who's making— has enough money to lose 1.7 trillion in value is tapping the Chinese government right now, slapping tickle city with all of these AI chips. And somehow the American public are the assholes that aren't being patriotic enough and supporting American innovation.
Spare me. But the scandal is becoming a huge problem for MAGA. Pop this up. Scoop. President Trump authorized a crackdown on companies suspected of diverting Nvidia's advanced AI chips to China on Thursday, but one administration official repeatedly stood in the way. This is what you were getting at, Josh. Ding, ding, ding, ding, ding. Commerce Secretary Howard Lutnick, the same guy that emailed Jeffrey Epstein after— after the world knew he was a huge pedophile and said, "Hey, we're swinging by the island with our kids, and here are our children's ages."
Yeah. And why is he doing that? That's a good question. You know, who's making money off of this? Lutnick, you know, why is he standing in the way of this deal? It appears that Jensen reached out to the Commerce Department and his office and wanted some help here trying to relax these restrictions. And Jensen did this because he's fucking the spy that wants him to do that. And so it's the craziest story. And then there's reports that Donald Trump knew about all this for about a year or so.
And so stuff like this happens when you have this industry just basically going rogue with no regulation. You've got guys like this that are regulators of AI and this technology and this information. And we're going to— we're going to read more and more about this. But again, we talked about government being involved in regulating some of these things and what a positive thing that can be, because if not, it trickles down to the consumer at some point and we end up paying for it.
All of this stuff with AI and where it's headed, if it's not regulated, that's another example of that. At some point, the buck's going to stop with the taxpayers. The citizens are going to be footing the bill for all of these things they're doing while they're unregulated. Because it's the wild, wild west with AI. We saw all those tech giants meet with the White House and how they all gave this bullshit speech about, you know, "We're not going to regulate AI and this and that." And it's going to get worse.
No, it's existential. I mean, there is no reason to be all gas, no brakes on this, especially when we find out the Nvidia guys tap in the Chinese government right now. And that's the big pitch. Suck it up, Americans. Be patriots. Adopt AI. Embrace it. The Chinese are going to beat us in this. And it's like these guys don't care about the United States. These guys don't give a shit about our country. They're tearing it down. And let me just show you, this is stunning, this image.
This government, this MAGA government, is for literally a handful of people. And these are the worst human beings on the planet that are benefiting and nursing off the taxpayer's tip. Pop this up. This is what all of the MAGA, the MAGA Ellison family, I should call them, inside Skydance. And for those of you listening, there are dozens and dozens and dozens of huge corporations that are controlled by one company.
And the person who posted this, Gabrielle Blair, says, "I'm old enough to remember when one company owning all of this was called a monopoly and was illegal." We don't live in some sort of capitalist culture right now, or economy right now. This is an oligarchy. That family who has— who was actively donating to the IDF during a genocide is capturing up media. Who else talked about capturing up media?
Benjamin Netanyahu. He wanted to resolve the TikTok problem because American students, American youth, American citizens of all ages were seeing the destruction of Gaza and they didn't like it. So they wanted the TikTok images to subside. They didn't want to stop killing Palestinians. They just didn't want us to see it anymore. Who bought TikTok? Larry Ellison. So this is just— they are creating a massive propaganda wing. And AI, as we've seen through Elon Musk, he gives it lobotomies all the time to change the truth from what is fact to some propaganda.
Like there was a time period where you could ask Grok, "Who's a better athlete, LeBron James or Elon Musk?" And it would say, "Oh, Elon Musk is." And then recently we had Google AI engaging in this. Who won the 2020 election? And Google AI would give an answer like some MAGA dipshit on, you know, some Fox News channel. And so I believe they're— and this is just my opinion, but their plans for AI are to completely rewrite history. And the whitewashing that has happened in this country has happened forever.
Like, for example, Josh and I grew up in Oklahoma. I didn't learn about the Tulsa race riots, massacre, the Tulsa race massacre in school. I learned about it as an adult. I think I learned about it within the last 10 years, honestly, if I'm really fair about this. And so imagine what they were able to whitewash with books. And then you extend that to this type of technology and these really bad actors that are benefiting and paying off Trump and paying off people in the government to own that much stuff.
And they don't care about the truth. They don't care about journalism. They're propagandists.
Yeah. And let me make a point here. This is also one of the effects of having a Department of Justice that runs only to serve the interest of Donald Trump, because the Department of Justice has an antitrust division that would normally review any merges in companies and also file any type of lawsuit to try to divert monopolies from forming and put checks on these companies that are buying each other and whether or not they're trying to control the market and so forth.
And we have a Department of Justice, again, now this is the consequence of Donald Trump being able to call Todd Blanch and say, "Hey, I don't want you to investigate these companies merging. I don't care if they're monopolies or not. Leave it alone." And Todd Blanch does that. And so, you know, there are all these other consequences that we have when the Department of Justice is controlled by one man, Donald Trump. And this is— you see that here because even in Biden and other administrations, the Department of Justice operated independently.
And if they saw a merger of this magnitude with these companies forming in the media or social media or anything, the Department of Justice has the right to file a lawsuit to keep those mergers from going through and to make them have to disclose certain things and legitimize that. And so that's not happening here. And that's part of this story.
I completely agree with that. And I just want to now shift gears to the Senate, which is attached to this story. And this is where it gets down where we cannot have corporate Dems running the show because corporate Dems are for— they're not going to be in opposition to stuff like this. They might in front of certain cameras, but there's a lot of closed-door deals that happen behind the scenes with oligarchs like the Ellisons, et cetera. So in the Senate, you have fighters like Elizabeth Warren who fights this stuff, corporate greed.
I mean, her whole career is doing that. So let's see where the senators are on Chuckle's being the majority leader, which I oppose with every fiber in me. I cannot begin to tell you what I will— if Chuck Schumer is the Senate majority leader, I'm going to go live changing my voter registration from Democrat to Independent because I will feel like it is an absolute betrayal of the electoral victory that we all produced, that we produced while he was writing strongly worded letters and giving fundraisers saying that his number one job was to make sure Israel got every cent that it needed.
Okay. I'm just— I'm out on that. But pop this up, Kylie. So as of November 11th at 3 p.m., here's the current list of who's supporting Chuck Schumer for Senate majority leader, who's not, who's been unclear on their position so far. So you have 12 that are supporting Chuckle's that are full-blown. Blumenthal's on that list. And it's interesting because he came out and said, "No, I'm not supporting him." And I don't know what happened, but within the same news cycle, he went back on the Chuck train.
We have 16 undecided and eight that have said they will not support. Okay. So the Senate is still very much in play to get a Chris Van Hollen and Elizabeth Warren, somebody who is not beholden to corporations. And this has just got to happen because look at that monopoly. Look at this guy that's worth trillions of dollars that's tapping the Chinese government and everybody tells, "Oh, we can't have women. Women can't lead. They're too emotional.
They're not tough enough." I mean, if all it takes to threaten national security is to honeypot all these men, I mean, give me a break. So this is just— this is the result what we're dealing with right now of centrist politics. This unregulated capitalism has led us to this horrible, horrible wealth inequality to where now the wealthy that are actually on the government tip are telling citizens, "Be more patriotic. We got to fight the Chinese. Quit drinking Starbucks.
You lazy, poor people." And look at their lives. Look at what the— look at how the path has just been paved and rigged for these people. Final thoughts, Josh.
Well, if they were to reelect Schumer as the majority leader, I think there would be a mass exodus from the Democratic Party. A lot of people would be so mad. And it's just— it's just like we don't get it. This is what makes people so mad about politics and politicians. And it just infuriates you. So I'm going to stay optimistic. I'm going to hope that the Democrats will listen to what just happened in this last election and do something different and pick someone that will incorporate the wills and the excitement and enthusiasm of our base right now and not Chuck Schumer.
Jesus.
I know. All right. That's all we have for this episode. Make sure you're subscribed here on YouTube. If you'd like to become a member for extra content, smash that button. Join us over on Substack and subscribe wherever you get your podcasts. And order my book, New York Times bestseller, Not Today Fascists. And we will be back later with more news.
Trump reportedly may have known about security risk affair for a year.
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