Jensen Huang resigns as Nvidia CEO—will competitors seize the opening?

Nvidia co-founder Jensen Huang has formally resigned as CEO after acknowledging a relationship with a person alleged to be a Chinese intelligence officer, following earlier reports that he had extramarital affairs with at least two Nvidia employees. In a special episode of WIRED's podcast Uncanny Valley, three editors walked through the board's shift in stance: longtime Nvidia CFO Colette Kress becomes interim CEO, and the company will look for a new permanent leader. Nvidia's stock fell sharply after the announcement; the editors believe competitors will struggle to challenge its position in the short term, but over the long term it may prompt companies such as OpenAI to accelerate their own chip development and reduce dependence on Nvidia. The episode also noted that Jensen Huang will face Senate questioning over his stance on China and the flow of chips, and that China hawks may use the opportunity to push for tougher policy.