Nvidia's interim CEO will be Colette Kress, the company's CFO and a 13-year veteran, CNBC reported in its Tech Download newsletter. CNBC said Jensen Huang, who co-founded Nvidia in the early 1990s, left without a clear succession plan in place, weeks after he admitted to an affair with a woman that U.S. intelligence alleges could be a spy for China.
CNBC's Eamon Javers reported that Alice Huang, the alleged Chinese spy, owned stakes in businesses benefiting Chinese competitor Huawei while she was in business with Nvidia.
CNBC's Arjun Kharpal, who interviewed Huang on October 22 at GTC Berlin, wrote that Nvidia's product roadmap is set for the next few years and that demand for computing power gives any permanent successor breathing space. Ben Barringer, head of technology research at Quilter Cheviot, told CNBC that Nvidia "will be successful in many years to come" because of the mark Huang left.
CNBC's Matt Peterson wrote that Nvidia has made or committed to hundreds of billions of dollars in investments in AI firms, including OpenAI and Intel, and that if Nvidia can't honor those commitments, the circular financing could spell trouble for AI companies it backs and banks that lent to the AI buildout.
