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NVIDIA shareholders sent a letter to the board of directors, urging to retain the option for Jensen Huang's return

The well-known technology investment firm Altimeter Capital Management CEO Brad Gerstner and Atreides Management Managing Partner and Chief Investment Officer Gavin Baker have jointly written to the NVIDIA board of directors as shareholders.Gerstner and Baker, representing their respective firms, stated that in light of Jensen Huang's extraordinary achievements in leading the company for a long time, as well as the significant uncertainty surrounding his potential departure, we believe that the board should adopt a slow, cautious, and thoughtful selection process for NVIDIA's future leadership candidates, keeping all options open (including the possibility of Jensen Huang returning to his position), which is in the best interest of all stakeholders, especially NVIDIA shareholders.Currently, there are far more questions than answers regarding recent events. We believe the board should avoid hastily searching for a successor to Jensen Huang, as such an approach would undermine and deviate from the best interests of shareholders. During this transition period, the company will operate steadily under the capable leadership of Colette Kress and her team, and we have no doubt that the board has ample time to make the right decision.If, after uncovering all the facts, the board believes that reinstating Jensen Huang as CEO is not in the best interest of shareholders, that is entirely within the board's purview. However, as the founder of this outstanding company and a long-time distinguished leader, he is fully entitled to a prudent evaluation process—avoiding any unnecessary hasty replacement until all facts are clarified.

first_img Polkadot's new strategy was approved with 97% of the votes, focusing on the product platform and dotUSD

On November 11, the Polkadot community, through its decentralized governance system, supported a new strategy proposed by the Polkadot Community Foundation (PCF) with 97% of the votes. This strategy calls for focusing energy and resources on the upcoming Polkadot product platform, with a core direction of directly acquiring users. The product platform is positioned as an application layer that prioritizes user privacy and data rights, anchored by dotStables, with the first asset being dotUSD, designed to accumulate value for DOT.According to the content confirmed by DOTDAO authorization, the new strategy focuses on enabling users to directly encounter products on the product platform. Products on the platform should closely resemble the application experiences users are already familiar with, adopting a free, simple username and mobile-first approach, while allowing users to decide the extent of data sharing. PCF plans to provide the first mobile-centric solution through the Polkadot App, which will support private messaging and digital cash payments. dotStables starts with dotUSD, which tracks the US dollar and is supported by DOT; the Polkadot Technical Fellowship will oversee dotUSD and other dotStables, in conjunction with independent audits and risk management.The new strategy also specifies the allocation of shared funds and resources, advocating a shift from general marketing services to incentive activities directly linked to measurable user engagement, ensuring that spending serves the product growth authorized by DOTDAO. Products on the product platform are designed to attract users, and user activities will create demand for the stable value asset dotStables supported by DOT. According to the authorization, the design of dotStables should ultimately convert this demand into demand for DOT.
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