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Comment by ossa-ma | Hacker News Reader

No shade but most other coverage will focus on whether this signals an AI bubble. That's missing the story.

Nvidia explicitly did NOT acquire Groq. They licensed the IP and hired the talent. This structure dodges CFIUS review (Groq had $1.5B in Saudi government contracts), antitrust scrutiny, and years of regulatory delays.

The $13B premium over the September valuation was the cost of regulatory arbitrage. Announced Christmas Eve while Trump's AI Czar (Chamath's All-In podcast co-host) is in office. Chamath's Social Capital made AT LEAST ~$2B on this exit.

My article breaks down: what Nvidia actually bought vs what they left behind, why the deal structure matters, who got paid, and the political connections nobody's talking about.

View on HN

It will be interesting to see if this is an exit for investors and which ones. Given it wasn’t an acquisition but licensing.

Axios claims that the $20B in cash will be paid out proportionally, so Trump Jr. will have his September investment tripled. The article looks AI assisted but claims "according to sources":

https://www.axios.com/2025/12/28/nvidia-groq-shareholders

Trump Jr. also got in in September via 1789 Capital, where he is partner. After that Nvidia got permission to export GPUs to China.

In the meantime, Musk and Chamath have the gall to complain about the kleptocracy in democratic states and the poor suppressed billionaires:

https://xcancel.com/elonmusk/status/2005287147507769442#m

I wonder when Chamath will sit again on Tucker Carlson and tell a sob story about having self doubts.

> Why do I hate Chamath?

>Let's look at the sh he dumped on retail with his abysmal SPAC track record

I do not see why one would feel animosity towards Chamath for this reason. Was there fraud involved? Otherwise, all investors are liable for doing their own due diligence.

Nobody in finance holds a high opinion of Chamath.

as if people in finance have a reputation for morals? if anything chamath is great at making deals that worked to his favour.

Hello chamath

Part of it is the irrational feeling of a disgruntled investor, doubt that I'm alone.

The other part is he has a track record of dumping on retail then telling them not to buy his next deal once he's already cashed out.

Given his track record of dumping on retail, one could view this as a signal no? He’s obviously capturing value, but also shedding long term risk which is starting to pile up.

You can feel animosity towards someone without thinking they've met the elements of a crime.

Do you need someone to commit a crime to hate them?

Do you still need them to commit a crime when they are rich and powerful, and connected with the current administration that sets the law?

If a new law came out that said Chamath can do whatever he wants and it’s always legal, is it impossible to hate him in your worldview?

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