Thursday briefing: What we do (and don’t) know about Alice Huang and the Nvidia affair
In today’s newsletter: US intelligence reportedly believes the former tech executive was recruited by Beijing, raising questions about the security of the AI industry and Trump’s close ties to Nvidia chief Jensen Huang Good morning. Espionage is supposed to be a secretive business, and spies are supposed to be virtually invisible. That hasn’t been the case for Alice Huang, the mysterious Shanghai…
Nvidia's board of directors is meeting on Wednesday to discuss whether to remove CEO Jensen Huang, according to a source familiar with the situation. The world's leading provider of AI processors is grappling with reports of two extramarital affairs involving Huang, who co-founded the company over three decades ago and built it into a dominant force in the artificial-intelligence boom.
Huang, 63, owns about 3.6% of Nvidia's stock and has direct control over the company, but there is currently no clear successor in place. The board's investigation, which includes an independent probe, could lead to a leadership vacuum at the roughly $4 trillion chipmaker. If Huang is found to have broken company policies, the board is expected to act swiftly.
Nvidia's shares have lost billions in market value this week, with a 8% drop in after-hours trading reported after the Wall Street Journal first reported the potential ouster. Huang has denied any wrongdoing but acknowledged being unfaithful to his wife, causing a backlash against the tech giant and its rivals like AMD and Broadcom.
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- Nvidia board meets to decide CEO Huang’s future, source says dailymaverick.co.za
- Thursday briefing: What we do (and don’t) know about Alice Huang and the Nvidia affair theguardian.com
- Nvidia preparing to oust CEO Jensen Huang: US media bangkokpost.com
- Who could take the reins at Nvidia if its billionaire boss Jensen Huang is ousted? iol.co.za
- Jensen Huang dreamed up Nvidia in a Denny's booth; now he could be ousted as CEO hindustantimes.com
