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Jensen Huang resigns as Nvidia CEO amid affairs scandal
Jensen Huang has resigned as president, chief executive officer and board member of the AI chip giant Nvidia with immediate effect, the firm announced on Thursday, amid media reports of his alleged extramarital affairs. The company’s executive vice-president and chief financial officer, Colette Kress, will take over as Nvidia’s interim CEO, according to the statement, while continuing in both her current roles. Nvidia shares plunged as much as 14 per cent as markets opened in the United States...
Loyalty vs accountability: a look at the Nvidia board deciding CEO Jensen Huang’s fate
Nvidia’s board of directors is facing perhaps its biggest test yet as it weighs whether to oust chief executive Jensen Huang, the man credited with transforming the chipmaker into one of the world’s most valuable companies. The board was reportedly preparing to remove Huang after reports that he had an extramarital relationship with Kimberly Powell, Nvidia’s vice-president of healthcare, who reported to him, according to The New York Times and Wall Street Journal on Wednesday. The latest...
‘Web of complexity’: Jensen Huang’s position in doubt as Nvidia shares plunge overnight
Nvidia shares fell more than 8 per cent at one point in US after-hours trading on Wednesday as CEO Jensen Huang’s prospects of hanging onto his role became more clouded after media reports of a board meeting and another extramarital affair. The drop in the American AI chip giant’s share price erased a 2.9 per cent rebound in the regular trading session, after the stock lost over 9.5 per cent in trading on Monday and Tuesday. It came as speculation mounted over whether Huang would keep his job....
Amid Nvidia saga, T-Head IPO a crucial test for Alibaba – and China’s AI ambitions
Alibaba Group Holding’s planned Hong Kong listing of its semiconductor design arm, T-Head, is poised to reshape China’s artificial intelligence hardware arena while unlocking billions of dollars in trapped valuation for the tech titan, according to analysts. The proposed spin-off serves as a test of whether the sum of Alibaba’s parts is worth significantly more than its current market valuation. Alibaba’s Hong Kong-listed shares slipped about 1 per cent to HK$100.60 on Wednesday, the day...
Alibaba readies T-Head chip IPO as Hong Kong frenzy cools
Alibaba has applied to list chip-design unit T-Head in Hong Kong, as the Chinese tech giant braves a cooling initial public offering (IPO) market to raise funds for artificial intelligence (AI) ambitions. The Hong Kong stock exchange has approved the proposed separation and a confidential listing application was filed in September, Alibaba said in a statement on Tuesday. T-Head, which provides full-stack data centre chips, will remain a unit of the company. Alibaba also owns the South China...
Science News
Nvidia is facing an unprecedented valuation test as a board inquiry into CEO Jensen Huang exposes the US chipmaker to a rare key-person risk, while investors also weigh the midterm elections’ potential impact on Washington’s chip controls and AI regulation. The company’s shares slumped 7.3 per cent as markets opened in the United States on Monday, following Huang’s bombshell confirmation over the weekend that he had been unfaithful to his wife and would cooperate with an investigation into his...
DeepSeek’s Harness artificial intelligence agent framework has reached 1.54 million daily active users less than three months after launch, the Chinese AI champion said on Sunday, marking rapid growth in a new battleground between leading Chinese and American AI giants. Users of Harness through the company’s official application programming interface were consuming around 92 trillion tokens a day as of November 4, the Hangzhou-based start-up said. That is equivalent to about 1.1 billion tokens...
Techonology News
Nvidia CEO Jensen Huang admits to affair; board orders investigation
The board of US AI chip giant Nvidia has announced an independent investigation as chief executive Jensen Huang said in a memo to employees that he had been unfaithful to his wife. Huang admitted to an extramarital affair and apologised to his family and colleagues in the memo, which the company published on its website on Sunday. “I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did. I am deeply sorry,” Huang wrote. He apologised and pledged to...
AI will soon master biology, unleashing new safety risks, Tencent AI chief warns
Artificial intelligence models will soon be powerful enough to master biology, presenting both benefits and serious risks, Tencent Holdings’ chief AI scientist and former OpenAI star researcher Vinces Yao Shunyu said during a rare public appearance on Saturday. The assessment comes as frontier AI systems are increasingly being applied to medicine and biology, which could accelerate discovery of new drugs and other treatments. However, experts also warn that malicious actors could use AI to...
Robotaxis are taking over China’s cities. What are they actually like to ride?
The driver’s seat was empty and the steering wheel was turning on its own. Sitting in the back of a Pony.ai robotaxi in Shenzhen, I felt a flicker of nervousness. But as the car glided into traffic, the initial unease gave way to an appreciation of something far less futuristic: the blissful absence of small talk with the driver. My test rides in two of China’s major tech hubs – with Pony.ai in Shenzhen and Baidu’s Apollo Go in Beijing – offered a first-hand experience of how autonomous vehicles...
China’s AI chipmakers report first profits, but will the trend continue?
China’s pure-play artificial intelligence chipmakers crossed an important milestone in the third quarter as several firms swung into profit, but severe supply chain hurdles and soaring memory costs cloud their long-term growth prospects. Domestic graphics processing unit (GPU) developers including Moore Threads, MetaX and Iluvatar CoreX are racing to fill the market void left by Nvidia, whose high-end processors face strict US export controls. These home-grown firms are competing fiercely to win...
Does the Democratic midterm victory spell the end of US AI data centre boom?
The sweeping midterm election victory by US Democrats has triggered warnings from analysts that an impending regulatory clampdown could derail the nation’s multi-trillion-dollar artificial intelligence data centre buildout. Wall Street forecasters slashed their projections for Big Tech infrastructure spending hours after the vote, cautioning that a wave of proposed project moratoria and tighter oversight could stall up to 30 per cent of planned US facilities and force developers to downscale...
IT News
China’s second-largest contract chipmaker, Hua Hong Grace Semiconductor, is aggressively expanding into silicon photonics, as the company looks to capture the next wave of the global artificial intelligence infrastructure boom. Speaking on an earnings call with analysts on Thursday, Hua Hong chairman and president Bai Peng said the company planned to significantly expand its footprint in silicon photonics – a critical technology used in AI optical modules – during its next major capacity...
Dong Mingzhu chairs Gree Electric Appliances, a home-appliance giant based in southern China’s Guangdong province. Having worked her way up from a frontline sales job, she is one of China’s best-known figures in manufacturing. As a deputy to the National People’s Congress, she has long advocated for manufacturing innovation, higher incomes and greener consumption. In this interview, conducted when she was named an inaugural “Cool Leader” at an assembly of the UN Environment Programme’s Cool...






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