NVIDIA CEO Jensen Huang resigns - Sarmad
Press coverage 1 newspapers covered this event: Al-Qabas →
Jensen Huang resigns from NVIDIA following a romantic scandal and security investigations.
Translated by Qiyas from سرمد — Original source
Nvidia announced on Thursday, November 12, that Jensen Huang, the chief executive officer of the chipmaker he co-founded 33 years ago, will step down from his position.
With this announcement, the chapter closes on the genius who made Nvidia a star in the artificial intelligence sector, propelling it to the top of the world’s companies, according to CNBC Arabia.
Huang had led the company to become a $4 trillion entity, serving as the primary driver of the AI boom.
Colette Kress, the company’s chief financial officer, has been appointed as interim CEO.
Following his meteoric rise to fame due to Nvidia’s pivotal role in artificial intelligence, Huang’s downfall came more quickly and dramatically, following a series of shocking revelations about a romantic relationship with a woman whom U.S. intelligence agencies believe to be a Chinese spy.
The 63-year-old Huang apologized on Sunday for being “unfaithful to his wife,” without providing details about his relationship with businesswoman Alice Huang, who previously worked for a Chinese company called Megaspeed, one of Nvidia’s partners.
On Thursday, The New York Times reported that the Nvidia CEO was also involved in another relationship with Kimberly Powell, the company’s vice president of healthcare. Later that day, The New York Times and other media outlets reported that Nvidia’s board of directors held a meeting to discuss the company’s future.
Jensen Huang denied allegations that he had compromised national security or Nvidia’s secrets, following reports about his relationship with Alice Huang.
These developments raised concerns about whether Nvidia was aware that companies based in Singapore and Malaysia were circumventing U.S. export controls to access its technologies. On Tuesday, the board announced it had hired the law firm Wachtell, Lipton, Rosen & Katz to conduct an investigation into these intelligence-related allegations.
Huang’s downfall also highlighted President Donald Trump, who had maintained a very close relationship with the CEO of the company that was, until recently, the most valuable in the world. Huang had become an influential voice in shaping U.S. AI policy, while simultaneously advocating for issues that served Nvidia’s interests, such as keeping open-source AI technologies accessible and pushing for permission to export chips to China.
