Nvidia CEO Jensen Huang quits amid Chinese spy link, CFO Colette Kress now interim boss

Nvidia CEO Jensen Huang has stepped down after allegations of two affairs outside his marriage. One of the women was suspected of having links to Chinese intelligence, while the other was reportedly an employee of the company. Nvidia has appointed its Chief Financial Officer, Colette Kress, as the temporary CEO. The allegations have also raised concerns about possible links between one of the women and a Chinese company that has been accused of posing a national security risk. Huang has denied sharing Nvidia's secret information or doing anything that could threaten US national security. Following the events, the company's board has reportedly hired a law firm to investigate the claims. Here is everything you should know.

Why is Jensen Huang stepping down as Nvidia CEO?

Jensen Huang has stepped down as Nvidia's CEO after 33 years at the company. His exit comes amid reports about his personal relationships and concerns over whether they could affect Nvidia. Huang had earlier apologised publicly to his wife for being unfaithful but did not comment further on his reported relationship with businesswoman Alice Huang.

Alice Huang reportedly worked with Megaspeed, a Chinese company that is also an Nvidia customer. US intelligence officials have reportedly raised concerns about her possible links to China. The New York Times also reported another alleged relationship between Huang and Kimberly Powell, Nvidia's vice president of healthcare.

While Huang has accepted his relation with Alice, he has denied sharing confidential company information or doing anything that could threaten US national security.  Nvidia's board has also hired law firm Wachtell Lipton to look into the allegations.

Who is Colette Kress: Nvidia's new interim CEO

Colette Kress, who was currently serving as Nvidia's CFO, has been appointed as the interim CEO by the company following Huang's exit. She has been closely involved in managing the company's finances during its rapid growth, particularly as demand for its AI chips increased.

This is a developing story...