这情节仿佛出自谍战惊悚片。AI 革命中最具影响力的人物之一承认与一名中国女商人有染，该女子据称曾向北京输送情报。当唐纳德·特朗普获悉英伟达联合创始人黄仁勋与黄爱丽丝的私情时，他未采取任何行动。或许他认为仅是婚姻誓言被打破；又或许特朗普愿意容忍这位朋友的行为——这位朋友大力推动他那不受欢迎的数据中心扩建计划，其公司为其白宫舞会捐款，且无视专家建议，呼应了他反对 AI 安全护栏的立场。
It could be the plot of a spy thriller. One of the most powerful figures in the AI revolution admitted to having an affair with a Chinese businesswomen said to have passed intelligence to Beijing. When Donald Trump was briefed about the Nvidia co-founder Jensen Huang’s liaisons with Alice Huang, he took no action. Perhaps he thought only marriage vows had been broken. Or perhaps Mr Trump was willing to overlook the conduct of a friend who championed his unpopular datacentre expansion, whose company donated to his White House ballroom and who echoed his opposition to AI safeguards against expert advice.
英伟达凭借提供强大算力成为 AI 的基石。科技巨头争相抢购该公司的图形处理器（GPU），黄仁勋在 AI 淘金热中卖“镐和铲”，积累了 1600 亿美元财富。当中国加入科技霸权竞赛，英伟达芯片成为国家安全问题。2022 年 10 月，美国对向中国出口 GPU 实施管制。三十个月后，英伟达实际上被禁止向北京销售。黄仁勋游说放宽管制。他在特朗普面前影响力巨大，以致白宫废除了拜登时代的全球 AI 芯片限制，随后允许向中国客户销售英伟达珍贵的 H200 处理器。
Nvidia became the cornerstone of AI by supplying brute computing power. As tech giants scrambled for the firm’s graphics processing units (GPUs), Mr Huang sold the picks and shovels for the AI gold rush – and amassed a $160bn fortune. When China joined the race for tech supremacy, Nvidia’s microchips became a national security issue. In October 2022, the US slapped export controls on GPU sales to China. Thirty months later, Nvidia was effectively banned from selling to Beijing. Mr Huang lobbied for looser controls. Such was his sway with Mr Trump that the White House scrapped Biden-era global AI chip restrictions and then permitted sales of Nvidia’s prized H200 processors to Chinese customers.
民主党因中期选举的胜利而士气高涨，将寻求答案。当被问及是否本应根据情报采取行动时，总统回答：“不，我不这么认为。”这使得他理由的问题无法回避。如果特朗普的商务部支持黄先生的政策议程，并在知情他与一名中国间谍有染的情况下放宽出口管制，该部门可能会陷入麻烦。据报道，商务部的调查在英伟达联系调查人员后被叫停。国会显然有理由调查特朗普政府是否明知故犯地无视外国情报威胁。无论接下来发生什么，黄先生的认罪很可能只是这场风波的开始，而非结束。
Democrats, buoyed by their midterms’ success, will be looking for answers. Asked whether he should have acted on the intelligence, the president replied: “No, I don’t think so.”That makes the question of his reasons unavoidable. There could be trouble at Mr Trump’s commerce department if it backed Mr Huang’s policy agenda and loosened export controls despite knowing of his affair with a Chinese spy. Reports suggest that the commerce department’s probe was halted after Nvidia called investigators. Congress clearly has grounds to investigate whether the Trump administration knowingly disregarded a foreign intelligence threat. Whatever happens next, Mr Huang’s admission is likely to be the beginning, not the end, of the saga.
数月来，谣言四起，称英伟达老板与黄女士——总部位于新加坡的Megaspeed公司的一名高管——存在“特殊关系”。2025年，Megaspeed被曝因涉嫌转移受限制的英伟达芯片至中国而接受调查。此事之所以非同寻常，是因为黄先生的恋情与商业关系可能使他暴露于中国情报行动之下。5月，Culper Research的分析师指出，Megaspeed为英伟达带来了可观收入，据称背后有中国资金支持。
Rumours had swirled for months that Nvidia’s boss had been in a “special relationship” with Ms Huang – an executive at Megaspeed, a Singapore-based company that in 2025 was revealed to be under investigation for suspected diversion of restricted Nvidia chips to China. What makes this extraordinary is the possibility that Mr Huang’s romantic and commercial relationship exposed him to a Chinese intelligence operation. In May, analysts at Culper Research argued that Megaspeed brought Nvidia substantial revenues, allegedly backed by Chinese financing.
随后，英伟达老板公开为Megaspeed辩护，却暗地里与其高管通奸。华尔街一开市，英伟达市值瞬间蒸发超过3000亿美元。
Then Nividia’s boss publicly defended Megaspeed while secretly conducting an affair with its top executive. More than $300bn was wiped off Nvidia’s valuation as soon as Wall Street opened.
工业间谍活动并非新鲜事。富裕国家往往限制其商业机密出口，以防他国追赶。这些挑战者往往不惜一切代价获取新技术。历史上，所谓的外交或军事“美人计”——即派遣间谍诱惑目标以获取机密信息——比商业领域的此类手段更为常见。但2008年，英国情报机构指责北京发起了一场针对企业的行动，利用性手段施压目标令其合作。
Industrial espionage is nothing new. Richer nations often block the export of their commercial secrets to prevent others from catching up. These challengers often go to extraordinary lengths to obtain new technology. Historically, diplomatic or military so-called honeytraps – spies sent to seduce victims to gain confidential information – have been more common than commercial ones. But in 2008, British spy agencies accused Beijing of a campaign to target businesses, using sex to pressure targets into cooperating.
此次是否发生类似情况尚不得而知。但一位承诺对华强硬的总统，需要解释为何其政府在收到警告称游说放宽管制的商人可能已被策反的情况下，依然放松了芯片出口管制。
Whether that has happened here is unknown. But a president who promised to get tough on China needs to explain why his administration eased chip export controls despite warnings that the businessman lobbying for it might be compromised.