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Nvidia CEO Jensen Huang Resigns Amid Alleged Spying Scandal

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Nvidia CEO Jensen Huang Resigns Amid Alleged Spying Scandal

The longtime Nvidia boss will be replaced with the company's Executive Vice president

After a month of headlines about an affair with an alleged Chinese intelligence asset, Nvidia Chief Executive Officer Jensen Huang has stepped down from his leadership position at the AI chip company. Nvidia announced the decision on Thursday morning in a press release that described the company's next steps. Replacing Huang is Colette Kress, the current Executive Vice President and Chief Financial Officer of NVIDIA. Kress will be serving in an interim capacity until Nvidia finds a permanent successor.

Within video games, Nvidia is known as the company that powers computer graphics chips that make PC gaming possible. At large, Nvidia designs and is responsible for the vast majority of computer chips used for artificial intelligence. Nvidia's products are highly in-demand, which has led to an increase in gaming console prices across the board. Thanks to the AI boom, Nvidia and its multi-trillion dollar valuation have made it one of the biggest and most important companies in the world.

Kress has served as Executive Vice President and Chief Financial Officer of NVIDIA since joining the company in September 2013. During her tenure, she has led the company’s finance organization and has played a key role in NVIDIA’s growth and evolution. Prior to joining NVIDIA, Kress spent nearly 25 years in finance roles at leading technology companies, including Cisco and Microsoft.

The Board of Directors appointed Harvey C. Jones as its first-ever Chair of the Board. Mr. Jones has been an entrepreneur, technology executive, and active venture investor for over 30 years, including serving as Chief Executive Officer and Executive Chairman of Synopsys.


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