Nvidia’s Huang ousted by board in move that roils AI economy

What happened: Nvidia's board ousted CEO Jensen Huang after reports of three affairs, including one with a woman suspected of spying for China. CFO Colette Kress becomes interim CEO, and Huang will have no further ties with the chipmaker. Key numbers: Huang is 63 and was Nvidia's only CEO in its three-decade history. Why it matters: The resignation deepens a crisis partly of Nvidia's own making, since the company has long lacked a clear succession plan. Huang had managed every part of the business while serving as a cheerleader for the broader AI industry. Coverage: 11 outlets in 24h

Nvidia's board ousted CEO Jensen Huang after reports of three affairs, including one with a woman suspected of spying for China. CFO Colette Kress becomes interim CEO, and Huang will have no further ties with the chipmaker.

The resignation deepens a crisis partly of Nvidia's own making, since the company has long lacked a clear succession plan. Huang had managed every part of the business while serving as a cheerleader for the broader AI industry.