Jensen Huang resigns as NVIDIA CEO

Jensen Huang resigned Thursday as NVIDIA president, CEO and board member, effective immediately, and CFO Colette Kress will serve as interim CEO. The resignation came four days after the company announced on November 8 an investigation into his extramarital affair with Alice Huang; The New York Times and the Financial Times reported that she is accused of being recruited by China's Ministry of State Security to collect information on Jensen Huang, and the Chinese government denies the allegations. WIRED, citing people familiar with the matter, said the alleged relationship with a subordinate and business dealings with Megaspeed, the Singapore AI company where Alice Huang was an executive, may explain the board's removal decision better than the espionage allegations. Jensen Huang has acknowledged the affair in an all-staff email and promised to cooperate with the investigation. According to The New York Times, the US Commerce Department had investigated whether Megaspeed helped Chinese companies evade export controls, and the investigation was transferred to the Justice Department after NVIDIA's general counsel intervened; Jensen Huang has long publicly criticized export controls.