Police in Oakland, California, are investigating the theft of six pallets of NVIDIA hardware worth $11.4 million that were bound for Fort Worth, Texas, the Bay Area News Group reports. A truck carrying a food transportation company's logo picked up the cargo in Oakland on August 29 as planned, but the truck and its drivers then went off the grid heading south. According to authorities, the truck made several multi-hour stops before police lost track of it in San Bernardino County. Apparently, nobody realized the cargo was gone until early September, and Oakland police say the theft was reported to them on September 13. No arrests have been announced.

What exactly was on those pallets hasn't been disclosed, so we don't know if it was AI accelerators, complete systems, or GeForce graphics cards. Speaking to ABC7 , UC Berkeley professor Olaf Groth said NVIDIA chips can sell for roughly double their US price abroad, with a $550,000 compute system going for $1 million or more.…