Nvidia CEO Jensen Huang to step down in big blow to AI boom
Nvidia CEO Jensen Huang is stepping down, leaving the artificial intelligence (AI) industry without its biggest champion and clouding the future of the chipmaker he built into an AI powerhouse. Chief Financial Officer Colette Kress will take over as interim CEO as Nvidia looks for a permanent successor, the company said on Thursday. It named former Synopysys CEO and board member Harvey Jones as…
Nvidia's CEO, Jensen Huang, is set to relinquish his position, marking a significant setback for the artificial intelligence (AI) boom. The AI industry will be left without Huang, a key advocate and a pivotal figure in transforming his company into an AI leader. On Thursday, Nvidia disclosed that Chief Financial Officer Colette Kress will serve as interim CEO while the company seeks a permanent replacement.
To strengthen governance, the company appointed Harvey Jones, former Synopsys CEO and board member, as its inaugural board chairman. Huang, co-founder of Nvidia and its fourth-largest shareholder with a stake of approximately 3.61%, will also resign from the board. Nvidia's shares plummeted by over 10% in premarket trading, adversely affecting the overall market.
Growing concerns about Huang's future had been brewing after reports surfaced of a 63-year-old Huang engaging in an affair with a Chinese businesswoman, whom US authorities suspect of espionage for Beijing. Further fueling speculation, Huang allegedly had an extramarital affair with a senior executive subordinate to him. Huang's departure plunges the colossal $4 trillion industry into uncertainty.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- Nvidia CEO Jensen Huang allegedly had a second affair with another Nvidia exec pcgamer.com
- Jensen Huang accused of having another affair — with a Nvidia exec techcrunch.com
- Nvidia is reportedly preparing to fire Jensen Huang theverge.com
- Sources: Chinese AI companies are rushing to rent Nvidia compute capacity overseas amid fears of tighter US restrictions after the Jensen Huang spy scandal (Reuters) reuters.com
- Nvidia is preparing to oust Jensen Huang wsj.com
