Nvidia crisis, Anthropic IPO and soaring demand dominate Cerebral Valley AI Summit

Newcomer's Cerebral Valley AI Summit in San Francisco was overshadowed by Jensen Huang's resignation from Nvidia after disclosures of affairs, including with a suspected Chinese spy, with a third affair reported by Reuters later that day. Attendees including Databricks' Ali Ghodsi said the upheaval hurts the whole ecosystem, while General Catalyst's Hemant Taneja said a weaker Nvidia could bring more chip competition, and the event unfolded days before Anthropic's planned IPO. Speakers also noted compute demand remains off the charts, and 80% of attendees in a live poll said AI is in a bubble, though most saw it as a problem for next year or beyond.