Urgent.News

What's breaking now, across thousands of outlets.

World

Jensen Huang to forfeit US$108m in Nvidia shares after reported ouster

JENSEN Huang stands to lose about US$108 million (about RM440.92 million) in unvested equity compensation following his reported departure from Nvidia, a relatively small portion of his estimated US$138.4 billion fortune. The forfeited awards account...

Jensen Huang, the former CEO of Nvidia, stands to lose around US$108 million in unvested equity awards following his reported departure from the company. This forfeiture represents only about 0.08 percent of his estimated US$138.4 billion fortune, according to the Bloomberg Billionaires Index. The majority of Huang's wealth is tied to his direct ownership of Nvidia shares, giving him a 3.5 percent voting stake in the California-based semiconductor giant.

His exit from Nvidia is expected to have significant implications for the global AI industry, as Nvidia has become synonymous with the company's rise and the wider AI boom under Huang's leadership.

Written by urgent.news from The Vibes's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at thevibes.com →

More in World

Police probe case of man hanging cat from window of 4WD

POLICE will investigate a case involving a man, believed to be a former secondary school teacher, who tied a rope around a cat’s neck and hung it from the side-view mirror of the pickup truck he was…

  • Kluang police investigating man for hanging cat from 4WD window
  • Incident captured on video circulating on social media
  • Suspect identified via Facebook group administrator's information

Doing what needs to be done

KUALA LUMPUR: Not everything we do at work is enjoyable. Some responsibilities are tedious, repetitive, frustrating or downright unpleasant.

More from Friday 13 November →