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Scandal-hit Nvidia CEO Jensen Huang quits, plunging AI chipmaking giant into turmoil

Scandal-hit Nvidia CEO Jensen Huang quits, plunging AI chipmaking giant into turmoil

US lawmakers now want to question Huang over whether one of his alleged relationships was with a Chinese spy.

Jensen Huang has abruptly quit as chief executive of AI chipmaking giant Nvidia after revelations of alleged extramarital affairs, sending shockwaves from Silicon Valley to Capitol Hill.

Nvidia is now under scrutiny from US lawmakers in Washington DC demanding Huang answer questions over whether one of his alleged relationships was with a Chinese spy.

One of the world's most valuable companies as a result of the AI boom, Nvidia has lost $550bn (£415bn) in stock market value in just five days as the scandal dominated headlines.

Nvidia's interim CEO, Colette Kress, called an emergency meeting of her executive team to discuss the company's future.

His alleged conduct not only potentially crossed professional boundaries, but has made Nvidia the target of questions from US politicians who have expressed concern about national security risks.

Huang, who has been Nvidia's public face since 1993, admitted on Sunday to having been "unfaithful" to his wife after reports he had an extramarital affair with a suspected Chinese spy, Alice Huang (no relation).

On Wednesday, he was reported to have had a second relationship, this time with an Nvidia executive.

Alice Huang worked as an executive at the Singaporean firm Megaspeed. She has been suspected of being an intelligence asset for China, according to the New York Times. China has rejected those allegations as a smear.

In brief

Jensen Huang has abruptly quit as chief executive of AI chipmaking giant Nvidia after revelations of alleged extramarital affairs, sending shockwaves from Silicon Valley to Capitol Hill. Huang, who has been Nvidia's public face since 1993, admitted on Sunday to having been "unfaithful" to his wife after reports he had an extramarital affair with a suspected Chinese spy, Alice Huang (no relation). Alice Huang worked as an executive at the Singaporean firm Megaspeed.

This is the opening of the story, shared with credit to BBC News — Business. The rest of the report — with every detail — continues on the publisher’s website.

Continue reading at BBC News — Business ↗

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