00:01Jensen Huang is stepping down as CEO of NVIDIA, ending his 33-year reign at the company he
00:07co-founded and sending shockwaves through the artificial intelligence industry.
00:12His departure follows reports of two extramarital affairs, including one involving a woman
00:17U.S. intelligence officials reportedly suspect of having ties to Chinese espionage.
00:23NVIDIA's board launched an investigation into potential national security concerns,
00:27although the company has not publicly confirmed that sensitive information was compromised.
00:33Chief Financial Officer Colette Kress has been named interim CEO,
00:37while longtime board member Harvey Jones takes over as chairman.
00:41NVIDIA's shares plunged more than 12 percent following the announcement,
00:45threatening to erase roughly $500 billion in market value.
00:49The leadership crisis comes just days before NVIDIA's next earnings report,
00:53with analysts expecting revenue to surge more than 90 percent to approximately $109 billion.
01:00Now investors are questioning whether the world's dominant AI chipmaker
01:04can maintain its extraordinary growth without the man who helped build its empire.
01:09NVIDIA has not officially attributed Huang's resignation to the allegations.
01:14OpenAI is reportedly bringing in more money than ever before,
01:18with quarterly revenue topping $10 billion for the first time.
01:22That's nearly a 50 percent jump from the previous quarter,
01:25fueled by demand for chat GPT, newer AI models, and business-focused tools.
01:30The company has reportedly reached an annual revenue run rate of $50 billion
01:35as it races against rival Anthropic for dominance in artificial intelligence.
01:40But despite explosive growth, OpenAI is still operating at a significant loss on an adjusted basis,
01:46raising questions about when the AI boom will translate into sustainable profits.
01:51The milestone comes as investors increasingly scrutinize the enormous costs of developing AI.
