00:00Yes, well I can tell you there was coordination. Treasury, War, USTR and State, they were in favor of putting
00:09Megaspeed on the entity list for months. But Commerce has the pin, Commerce BIS has the pin and you will
00:17have to ask them about their internal processes.
00:19I am frustrated when President Trump made it very clear that China should not receive any NVIDIA chips above H100s
00:30and so any leakage is very frustrating because it hurts our great companies and the AI race gives the Chinese
00:41an advantage.
00:42I think that there is a lot of leakage in the system and we are constantly working to close that
00:52down. And one thing here is that the story has been thus far on Jensen Wong's personal foibles.
00:59The real story here should be did NVIDIA know their client and was there a robust effort at NVIDIA to
01:11make sure that there was no leakage and that they were selling to what were obviously passed through shell companies.
01:20And I think it's important that anyone at the company there be held accountable for that. I'm not going to
01:25speculate on what the repercussions would be, but let's just say if this was happening, then there were not robust
01:33controls at the company.
01:34And we don't know for a fact that Jensen Wong knew this. The GC seems to have been very involved
01:43here, probably should have done more oversight rather than the haranguing.
01:49And I am sure that the board now having woken up to what's going on is going to do a
01:55thorough investigation.
