Jensen Huang's Nvidia exit costs him Rs 900 crore: How much wealth does he have left?

Jensen Huang, the former CEO of Nvidia, has reportedly been involved in a third extramarital affair, leading to his resignation on Thursday. The affair involved another employee of the company, though the name of the second woman has not been disclosed. Alice Huang, a Chinese national, is a suspected spy, according to U.S. intelligence.

Attempts to contact the unnamed second employee were unsuccessful. Nvidia declined to comment on the matter, and neither Powell, Huang, nor a representative from the board provided any response to requests for comment. Alice Huang was also unable to comment. Following reports of his relationship with Alice Huang, Huang admitted to an affair in a statement on November 8, but he did not directly name her.

His decision to resign could potentially disrupt the AI industry that he helped shape. Nvidia has utilized its financial resources to foster an AI industry, offering favorable conditions for the acquisition of its chips. The company has also supported cloud computing firms and AI laboratories. Huang, who is 63 years old and married, faced mounting pressure to resign after the affair with Alice Huang came to light.

The board of directors at Nvidia appointed Colette Kress, the finance chief, as the interim CEO while they conduct a search for a permanent replacement. The board is considering both internal and external candidates for the position. Earlier this month, the board initiated an investigation, headed by independent directors with outside legal counsel, into whether Huang had been the target of a foreign intelligence operation.

Despite this, the board maintained their confidence in him at the time. Nvidia's shares experienced a decline of 5.5% in active trading on Thursday, following a significant drop of over 30% from its peak earlier in October.