Nvidia's CEO announced his resignation after admitting to an affair with an alleged Chinese spy.
Jensen Huang, CEO of leading artificial intelligence (AI) chip maker Nvidia, has resigned, Reuters reports, citing a company press release. Huang, who co-founded Nvidia and is the fourth largest investor in the company with a stake of about 3.61%, will also retire from the board. CFO Colette Kress will serve as interim CEO while the company searches for a new leader, the statement said.
The dismissal follows a scandal that erupted after the 63-year-old Huang admitted to an extramarital affair with Alice Huang, the head of Singapore's Mega Speed, who US authorities suspect of spying for Beijing. Nvidia's board met on Wednesday to discuss the resignation of Nvidia's chief executive, according to a Reuters source familiar with the matter. Earlier that day, news broke that Huang was also having an affair with one of the top executives who reported directly to him.
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