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KS Kara Swisher Kara Swisher Technology journalist who has covered the internet business since 1994.

“I think also all these round-tripping deals between and among these AI companies was troublesome with Jensen and NVIDIA at its center. … I worry about the Jenga of it all. Like if something happens to NVIDIA, the rest of them go down, right? Because of the cross-investments.”

On with Kara Swisher · Tech Strategy & Big Tech · November 2026

“I think also all these round-tripping deals between and among these AI companies was troublesome with Jensen and NVIDIA at its center. … I worry about the Jenga of it all. Like if something happens to NVIDIA, the rest of them go down, right? Because of the cross-investments.” — Kara Swisher, On with Kara Swisher

Context

Kara was explaining why the Nvidia CEO spy scandal worries her beyond the scandal itself. Her point is that the AI companies are so tied together by cross-investments that trouble at Nvidia could spread to all of them.

Transcript

On with Kara Swisher Around 17:21 into the episode
Kara Swisher

…squeeze us. So I thought it was interesting in general. But later, he has not talked to me since this thing has taken off because I suspect I'd be a little tougher on him. He's in charge of this company in a way that I thought was very dangerous in terms of the board being incredibly weak. So even

Hillary Clinton

before the spy scandal. Yes,

Kara Swisher

…better himself. So I was always worried about his, not that tech people shouldn't have an influence, but the amount of influence Jensen especially had on Trump was problematic when he didn't have any guardrails at his own company, right? That was very clear. But I found it really troubling that there was no strictures on his power, either from a shareholder point of view, and that there's this, I worry about the Jenga of it all. Like if something happens to NVIDIA, the rest of them go down, right? Because of the cross-investments. And the last thing is, obviously, Chinese intelligence is going to be all over Silicon Valley. And the sloppiness here is, again, as you said, get away from the moral things, the sloppiness here. And I bet people knew this woman was doing this. I suspect it was not unknown. I wonder what kind of reaction the other tech CEOs will have because they're so dependent on Jensen Wong. I worry about the…

Hillary Clinton

Well, the thing that really struck me is, and you and I were texting about this. There are photographs of them going back at least to 2024.

Kara Swisher

Well, earlier, 2024. Even earlier. Yeah. So

Hillary Clinton

there were a lot of people who were around them. She posted a lot of these photos. On WeChat. Yeah. And that raises some really interesting questions. I'm also curious about what Trump said in, was it the 60-minute interview or one of his many press encounters over the last week where he said, we…

Speaker names come from our own diarization. The position is estimated from where the line sits in the episode.

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