CBS: The decision came amid an investigation into Huang’s affair with a woman U.S. intelligence agencies suspect was spying for China. President Trump said this week the FBI is investigating romantic and business ties between Huang and suspected Chinese spy Alice Huang. The two aren’t related.
Nvidia’s board had been preparing to oust Huang, two sources familiar with the matter confirmed to CBS News on Wednesday night, plans that were first reported by the Wall Street Journal…
Jensen Huang Has Been Ousted as Nvidia CEO
The company said Thursday that finance chief Colette Kress had agreed to serve as interim CEO until a permanent successor is named. The board is starting a search for the company’s next CEO and will consider internal and external candidates.
Nvidia’s board also appointed longtime director Harvey C. Jones to become its first ever chair. Jones, a venture investor and chip-design executive, joined Nvidia’s board in 1993, the year the company was founded…
Singapore Says U.S. Not Helpful on Investigation Into Suspected Spy’s Company
Singapore’s government said on Thursday the United States had provided little help in its investigation into Alice Huang, the woman at the center of a spy plot that has led to the investigation of Nvidia’s chief executive, Jensen Huang.
…The statement raises new questions about the response of the Trump administration to the case and why the U.S. government did not more forcefully intervene. According to the timeline in the statement, Singaporean authorities had been holding Ms. Huang’s passport well after President Trump was briefed last fall about her relationship with Nvidia’s chief executive and the belief that she was a Chinese intelligence asset…
Spy scandal highlights contradictions at heart of Trump’s China policy
“For other presidents, [the scandal] might have led to some kind of strong reaction, but I think Trump’s attitude for this kind of stuff is that they do it to us, we do it to them. What’s unusual?” said Victor Shih, a professor of Chinese politics at the University of California at San Diego. “I don’t think Trump would like to disrupt what he sees as achievements in the past two summits between the two leaders.”…
CFO Colette Kress to serve as interim leader after Nvidia CEO Jensen Huang resignation
Kress will also continue to serve in her current role executive vice president and CFO until Nvidia finds a permanent CEO. As Nvidia’s chief financial officer of more than a decade, Kress has deep knowledge of the business and has been the most visible executive among investors and the public next to Huang…
US intel isn’t sure if businesswoman spied on Nvidia for China, doesn’t mean she wasn’t a risk, sources say
Some officials at the Office of the Director of National Intelligence, including those close to director Jay Clayton, have framed the characterization of Alice Huang as a Chinese spy as not entirely accurate and over-torqued, sources said. And officials at the CIA also are not yet convinced that the intelligence collection on Huang to date, including intercepted communications, proves she was knowingly funneling information back to Beijing, a source told CNN.
Still, some Trump officials told CNN that it strains credulity to believe that she was not acting as an agent of the Chinese government — simply by virtue of the fact that she is a successful Chinese businesswoman working with one of America’s most powerful companies...
Nvidia Shares Tumble, Shaking Up Tech Stocks
Shares in Nvidia dropped more than 4 percent by the time markets closed for trading on Thursday, wiping out nearly $1 trillion from the company’s market value this month alone. The stock fell by as much as 14 percent Thursday morning but pared most of those losses as investors’ fears about the company’s future without Mr. Huang eased…
Huang agrees to appear before Congress, US lawmakers say, after scandal-hit Nvidia CEO resigns
US lawmakers on Capitol Hill say Huang has indicated he is willing to appear before Congress for questioning, according to the BBC’s US media partner CBS News…
Jensen Huang is gone. Will the AI industry pay the price?
His dealmaking, and the use of Nvidia’s balance sheet to underpin it, expanded so quickly over the summer that the chipmaker added a new risk factor to the quarterly filing it made at the end of August.
Nvidia warned its commitments and guarantees “expose us to financial, counterparty and execution risks and may not provide anticipated benefits”…
Jensen Huang’s Affair Puts His Wife in the Spotlight
Lori Huang, who has been married to the Nvidia chief executive for more than 40 years, stands out among tech titan spouses for how private she has been…
Jensen Huang Built Nvidia. Its Chips Made the AI Boom Possible.
The inglorious ending to Huang’s run at the top of Nvidia caps a 33-year career at the company he founded at a Denny’s with two friends and $40,000. With Huang at the helm as its first and only CEO, Nvidia started as a company making graphics chips for personal computing and gaming, then nurtured a software-developer ecosystem and designed high-performing AI graphics processing units processing voluminous computations. Along the way it became one of the world’s most valuable companies.
Huang, who owns about 3.6% of the company, has become one of the richest people in the world as his company ascended…
Turns out the AI king wasn’t untouchable
“This is one of a kind,” said Jeffrey Sonnenfeld, senior associate dean for leadership studies at the Yale School of Management. “In the corporate world, this is by far the biggest fall.”
It sends a clear message: If Huang can be forced out, any leader can…