Nvidia CEO Jensen Huang Resigns Amid Personal Controversy

Jensen Huang has resigned as President and Chief Executive Officer of Nvidia, ending his 33-year tenure at the helm of the artificial intelligence chipmaker. The resignation follows disclosures about two extramarital relationships, one of which involves a woman suspected by US authorities of espionage ties to China.

Nvidia announced the leadership change on Thursday, stating that Chief Financial Officer Colette Kress will serve as interim CEO while retaining her finance duties. The board has initiated a search for a permanent replacement. Huang has also stepped down from the company's board with immediate effect.

The revelations come after reports of two relationships involving the 63-year-old executive. One reportedly involved Alice Huang, a business executive at Singapore-based data company Megaspeed, whom US intelligence officials suspect of links to Chinese intelligence services. The second relationship involved a senior Nvidia employee who reported to Huang; The New York Times previously identified the employee as Kimberly Powell, Nvidia's healthcare business chief.

Huang's departure marks a significant moment for Nvidia, a company that has become central to the global AI boom under his leadership. The interim appointment of Kress, a seasoned finance executive, is likely aimed at ensuring continuity while the board conducts its search.

The company has not provided further details about the circumstances leading to the resignation or the nature of the relationships. Nvidia's stock and business operations may face uncertainty as investors assess the impact of the leadership transition.

This story is developing and will be updated as more information becomes available.