Nvidia CEO's spy affair clouds US-China talks
The superpowers’ leaders are set to meet next week.
Nvidia CEO Jensen Huang faced potential ousting after a report emerged of a second extramarital affair, according to The New York Times. The CEO, who has never appointed a successor, admitted to his relationship with Chinese businessperson Alice Huang, who is unrelated to him. Huang also admitted to his affair with Nvidia’s vice-president of healthcare, Kimberly Powell.
Reports indicate that Nvidia's board is preparing to remove Huang in light of the scandal, which has sent shockwaves across the industry. The company has reportedly lost over $450bn since Huang admitted to the affair, with stocks down nearly 7pc in overnight trading. Huang’s ousting could lead to the chief financial officer Colette Kress or the vice-president of cloud Ian Buck taking over temporarily.
The incident highlights serious governance issues at Nvidia, a key player in the US' race to AI leadership.
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