Jensen Huang reportedly had a 3rd extramarital affair
What's the story
Jensen Huang, the former CEO of NVIDIA, was involved in an intimate relationship with a second employee at the company, Reuters reported This revelation brings the number of extramarital affairs involving the 63-year-old married executive to three. The latest disclosure comes after his previous relationships with Alice Huang and Kimberly Powell were reported. Alice is suspected by US intelligence of being a Chinese spy while Powell is NVIDIA's VP of healthcare.
Investigation details
NVIDIA board launches investigation into possible foreign intelligence operation
In light of the revelations, NVIDIA's board has launched an investigation into whether Huang was targeted by a foreign intelligence operation.
The probe is being led by independent directors and supported by outside legal counsel.
Despite these allegations, the board had expressed confidence in Huang at the time.
Meanwhile, finance chief Colette Kress has been appointed as interim CEO while a permanent replacement is sought for him.
Market response
Huang's exit could disrupt AI industry
Huang's exit could disrupt the artificial intelligence (AI) industry that he helped shape.
NVIDIA has used its financial clout to create an ecosystem around its AI chips through complex financial arrangements.
The company has supported cloud computing firms and AI labs as part of this strategy.
However, following the revelations about its former CEO, NVIDIA shares fell 5.5% in active trading on Thursday and have lost over 30% of their value since hitting an early October peak.