AI just caught AI cheating 🤨
also see footnotes

The Algorithm That Detected a $610 Billion Fraud: How Machine Intelligence Exposed the AI Industry’s Circular Financing Scheme

At precisely 4:00 PM Eastern Time on November 19, 2025, Nvidia Corporation released third-quarter earnings that exceeded Wall Street expectations. Revenue reached $57.01 billion against a consensus estimate of $54.9 billion. Earnings per share came in at $1.30 versus the anticipated $1.26. The stock surged 5% in after-hours trading, adding approximately $130 billion to the company’s market capitalization.

Eighteen hours later, the Nasdaq Composite closed down 1.21%. Nvidia’s gains evaporated. Bitcoin, which had briefly rallied, fell 2.07% to $89,567. What happened in those 18 hours represents something unprecedented in financial markets: algorithmic trading systems detected accounting irregularities faster than human analysts could read the earnings footnotes.

https://substack.com/inbox/post/179453867?utm_campaign=post&utm_medium=web&triedRedirect=true

backup: https://archive.ph/QseJx

11 August 2025: Nvidia and AMD to pay 15% of China chip sales to US

29 Aug 2025: Two mystery customers alone were responsible for nearly 40% of Nvidia’s quarterly revenue
backup: https://web.archive.org/web/20250831013416/https://finance.yahoo.com/news/two-mystery-customers-alone-were-185753092.html

Two mystery customers alone were responsible for nearly 40% of Nvidia’s quarterly revenue

Nvidia saw a 56% jump in year-over-year revenue in the second quarter.

^{Marco Quiroz-Gutierrez (Yahoo Finance)}