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Developing story: Nvidia's leadership crisis after Jensen Huang's ouster

Musk and other tech execs back petition urging Nvidia to reinstate Jensen Huang

The petition site lists 5,965 current Nvidia employees and 63,063 shareholders among signers, as CFO Colette Kress serves as interim CEO.

Source: TechCrunch: AI

A petition calling on Nvidia to reinstate Jensen Huang appears to have attracted more than 115,000 signatures as of Saturday afternoon, TechCrunch reported. The petition website said signers include 5,965 current Nvidia employees, 1,108 former employees and 63,063 shareholders. Notable supporters include Tesla and SpaceX CEO Elon Musk, Replit CEO Amjad Masad and Epic Games CEO Tim Sweeney.

The petition says its signers are "concerned that Jensen was removed without meaningful due process" and asks the board to "bring him back while an independent investigation establishes the facts." It also calls for a fair investigation and more information for the public.

TechCrunch describes Huang as ousted and reports that he resigned on Thursday, several days after confessing to a relationship with a chip executive identified by U.S. intelligence as a suspected Chinese spy. Nvidia appointed CFO Colette Kress as interim CEO while it searches for a permanent replacement. Nvidia's stock fell 2% on Friday, and TechCrunch says Huang's departure is expected to leave a big gap in AI industry funding.

Read the full article at TechCrunch: AI

Our take

Nvidia's leadership matters to commerce teams indirectly, through the cost and supply of the compute behind their AI vendors, and an interim CEO facing pressure from employees and shareholders adds uncertainty.

Nothing reported yet changes chip pricing or delivery. Watch who the board names as permanent CEO and whether Nvidia reaffirms its investment and financing commitments.

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Key takeaways

  1. Petition to reinstate Huang appears to top 115,000 signatures, TechCrunch reports
  2. Petition site lists 5,965 current Nvidia employees and 63,063 shareholders
  3. CFO Colette Kress is interim CEO; Nvidia stock fell 2% on Friday

More on this topic

Illustration for Nvidia's leadership crisis after Jensen Huang's ouster
Illustration: Digital Influence

Developing story17 postsUpdated Nov 14

Nvidia's leadership crisis after Jensen Huang's ouster

TechCrunch reports Nvidia's board ousted CEO Jensen Huang after he confessed to an affair with a woman the U.S. government suspects of spying for China.