00:00Jensen Wan has resigned as NVIDIA chief executive on Thursday.
00:06His departure follows reports of two extramarital affairs,
00:10including one involving a woman accused by U.S. intelligence of spying for China.
00:14The fallout has erased nearly $450 billion from NVIDIA's market value
00:19and raised fresh national security concerns.
00:22It also leaves the future of the AI industry's most influential company,
00:27Uncertain. NVIDIA chief financial officer Colette Kress will take over as interim chief executive
00:33while the board searches for a successor.
00:36Wang's resignation ends 33 years leading the company he co-founded.
00:40The 63-year-old Wang has also stepped down from NVIDIA's board.
00:45Wang was a central figure in the AI boom that followed the launch of OpenAI's ChatGPT in 2022.
00:51NVIDIA's chip, first developed for video game graphics,
00:54became essential to building AI models.
00:57NVIDIA shares fell as much as 13% of the announcement before recovering some ground.
01:03By Thursday, the company had lost about $450 billion in market value since the weekend.
