Jensen Huang has stepped down as Nvidia's CEO after a second accusation of cheating emerges
A replacement has already been brought in.
In recent news, Nvidia co-founder and CEO Jensen Huang has admitted to having an affair that could have national security implications. The affair reportedly involved Alice Huang, a Chinese citizen and executive at Megaspeed, a Singapore-based AI infrastructure company. Megaspeed reportedly purchased $4.8 billion worth of Nvidia chips over the last two years, leading to investigations by the U.S. and Singapore.
Huang is also accused of having an extramarital affair with Nvidia vice president of healthcare Kimberly Powell. Nvidia's board is reportedly preparing to oust Huang, and his shares have fallen by 8% in after-hours trading. The U.S. and China are engaged in a technological arms race, with Nvidia being a key player in the AI chip market.
If Huang is removed from his position, the company has no clear successor. Huang has apologized to his family and Nvidia, stating he will cooperate with the investigation and support America's national security.
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