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Jenseng Resigns as Nvidia CEO. (Img: X)
New Delhi: Amid allegations of his personal relationship, Jensen Huang has stepped down as president and CEO of Nvidia with immediate effect. This marks a dramatic leadership change at the $4 trillion chipmaking giant that he co-founded and transformed into a global AI powerhouse.
The sudden departure leaves the artificial intelligence industry without one of its most influential leaders and raises questions about the future direction of Nvidia.
Nvidia Chief Financial Officer Colette Kress will serve as interim CEO while the board searches for a permanent successor, the company said.
Huang, who co-founded Nvidia and holds approximately 3.61% of the company's shares, making him its fourth-largest investor, will also relinquish his position on the board.
Pressure had reportedly been building on the 63-year-old executive following allegations concerning his personal relationships. Reports claimed that Huang was in a relationship with a Chinese businesswoman suspected by US authorities of spying for Beijing.
As per information, Nvidia's board met on Wednesday to discuss his removal. The development followed earlier reports alleging that Huang had also been involved in an extramarital relationship with a senior company executive who reported directly to him.
Also Read: China Rejects Spy Plot Allegations As Nvidia Launches Probe Against Jensen Huang
His departure puts the technology giant at a critical juncture, with potential implications extending across the global AI ecosystem.
During his tenure, Huang played a central role in shaping the artificial intelligence industry, directing Nvidia's growing financial resources towards investments in cloud service providers, suppliers and some of the world's largest AI research laboratories.
Huang's exit could disrupt this closely connected ecosystem and create uncertainty over Nvidia's future investment strategy and business relationships.
