Wall Street Journal: Nvidia’s board is preparing to oust CEO Jensen Huang after he had two extramarital affairs, including one with a suspected Chinese spy and another with an employee.
The board is planning to meet as soon as Wednesday to determine his future, people familiar with the matter said. His departure would bring down the curtain on an era during which he stoked the global artificial-intelligence boom and became a geopolitical star. It would leave one of the world’s most valuable companies in need of a new leader…
Jensen Huang Said to Have Had Relationship With Nvidia Executive Who Reports to Him
The relationship, which has not been previously reported, was with Kimberly Powell, Nvidia’s vice president of health care, said the people, who spoke under the condition of anonymity to describe sensitive information. Under Nvidia’s code of conduct, employees are told to “avoid situations where our actions create conflict” including “personal relationships,” and the company states that it “promptly investigates reports of misconduct.” Many corporations have policies against managers having relationships with subordinates…
Nvidia Shares Plummet as Board Is Said to Consider C.E.O.’s Future
News of the board’s deliberations drove Nvidia’s stock down more than 8 percent late Wednesday, a move that would erase hundreds of billions of dollars in market value if the drop persisted into the official open of trading on the Nasdaq on Thursday. Trading after the market is closed can be thin, which can exaggerate moves in individual stock prices…
Spy scandal highlights contradictions at heart of Trump’s China policy
Throughout his second term, Trump has repeatedly warned that the United States cannot afford to fall behind China in the race for artificial intelligence, invoking the threat from Beijing to justify opposition to regulation of the rapidly advancing technology. Yet he has approved the sale of advanced technology to China that hawks in his administration argued could help Beijing close the technological gap with the United States.
And when allegations emerged that Chinese intelligence had successfully targeted Jensen Huang, one of the most influential executives in the technology industry and a man with close ties to the president, Trump appears to have taken little action…
Chinese university bought Nvidia H200 chips despite US blacklist
Northwestern Polytechnical University bought two H200 chips last month for 874,700 yuan ($123,000), according to an October 21 procurement record on its website.
Northwestern is a member of the “Seven Sons of National Defense” group of Chinese universities under U.S. sanctions and with a history of conducting defence-related research for Beijing.
The chips were purchased for its management school from Shaanxi Bosuan Network Technology rather than directly from Nvidia, the record shows.
The H200 is among Nvidia’s most capable chips for training and running advanced AI systems…
Nvidia’s Disappearing Singapore Sales Deepen Mystery Around Megaspeed
As recently as the summer of last year, Singapore was officially one of Nvidia’s
biggest markets, generating 22% of the chip maker’s revenue. Then, practically overnight, it disappeared from the company’s financial disclosures.
The timeline indicates that Nvidia altered its methodology for reporting the geographic breakdown of its revenue shortly after placing Megaspeed International on an internal block list. It isn’t clear if the two are related, but the shift had the effect of removing visibility into Nvidia’s sales tied to Singapore. That is the home to Megaspeed, the cloud-computing company embroiled in a sex-and-espionage scandal that has engulfed Nvidia and its chief executive…