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Nvidia’s Jensen Huang crisis tests how much of the AI industry depends on one man

MarketWatch ·

Huang’s exit could fray tight bonds among AI businesses. Plus, Oracle’s potential AI catalyst, a $1.5 trillion Social Security stock proposal and what the oil-yield split may mean for inflation.

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Nvidia shares fell 14% after CEO Jensen Huang resigned amid controversies, according to Crypto Briefing. Reports alleged Huang had a third affair with another Nvidia employee, Reuters reported, and Huang has formally acknowledged one of three alleged affairs, Forbes said. Colette Kress is Nvidia’s new interim CEO, NBC News reported.

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  1. Financial Times(subscription required)Jensen Huang is gone. Will the AI industry pay the price?Nvidia chief’s fall could unravel the web of financial dependencies that helped fuel the AI boom
  2. EngadgetJensen Huang is out as NVIDIA CEOHe has held the position since the company's founding in 1993, but has recently been embroiled in an international scandal.
  3. ForbesJensen Huang Out At Nvidia After Affair ScandalsThe news comes after Nvidia shares plummeted more than 11% this week.
  4. Wired(subscription required)Jensen Huang Resigns as Nvidia CEONvidia’s cofounder and chief executive resigned on Thursday after the company opened an investigation into his affair with an alleged Chinese intelligence asset.
  5. Hacker NewsJensen Huang resigns
  6. MarketWatchNvidia’s Jensen Huang crisis tests how much of the AI industry depends on one manHuang’s exit could fray tight bonds among AI businesses. Plus, Oracle’s potential AI catalyst, a $1.5 trillion Social Security stock proposal and what the oil-yield split may mean for inflation.
  7. Ars TechnicaNvidia CEO Jensen Huang has resignedThe FBI is investigating as Nvidia’s board holds urgent talks over Huang’s future.
  8. New York Times(subscription required)Jensen Huang Resigns From Nvidia After AffairsThe chief executive has been under scrutiny for an affair with a woman said to be a Chinese spy, as well as for a relationship with a subordinate at his A.I. chip company. Nvidia’s finance chief, Colette Kress, was named interim leader.
  9. The Economist(subscription required)Jensen Huang must go