Skip to playerSkip to main content
  • 19 hours ago
NVIDIA CEO Jensen Huang resigned amid controversies involving extramarital affairs and federal scrutiny. The board appointed CFO Colette Kress as interim CEO during ongoing investigations.

Category

🗞
News
Transcript
00:00Let's take you to another news now.
00:03Speaking of the world of technology, AI, and of course, the latest that's going on there,
00:09the biggest story that the entire world has their eyes set on
00:13is the resignation that came in from the NVIDIA CEO Jensen Wang
00:18amid the scandal that's blown up around him and his extramarital affairs.
00:24And the interesting, or rather, the mounting pressures on him that's come about
00:29is with regards to one after the other expose that's taking place.
00:33Now, after he stepped down as NVIDIA's CEO,
00:37there is another, a third extramarital affair of his that surfaced.
00:41According to a Reuters report, Wang had an intimate relationship with not one.
00:46We're not talking about Powell here,
00:48but this is a second NVIDIA employee that he had a relationship with.
00:53Reuters has not named the employee,
00:55but the revelation follows two other extramarital affairs
00:58that led to his resignation in the first place.
01:01The two women are Alice Wang,
01:04who was a U.S. intelligence suspect of being a Chinese spy,
01:08and Kimberly Powell, who is NVIDIA's vice president of health care.
01:13Now, Powell has steadily risen through the ranks at NVIDIA.
01:16In 2016, she was promoted to senior director of artificial intelligence business development,
01:21and the following year, she was appointed the vice president of health care.
01:25Wang stepped down from his position amid these mounting scandals.
01:30With Jensen Wang out, all eyes now is at what comes next for NVIDIA.
01:35The company's current executive vice president and chief financial officer,
01:39Colette Kress, has taken over as the interim CEO,
01:43and as the company looks for a permanent successor.
01:46Now, there are names and discussions that are still going on on that front as well, let us tell you.
01:50There are members of the board who are being looked at as the next CEO,
01:56but there's no name that's been finalized or projected so far.
01:59The immediate market reaction, however, to Wang's resignation was turbulent,
02:05with NVIDIA shares reportedly plunging 13% alongside a broader sell-off in technology and cryptocurrency markets.
02:13This is where it all stands.
02:15Take a look at some of the reactions we have.
02:22Singapore banned Alice Wong from re-entering the country after she left in February.
02:27Did that action from Singapore cause any conversation or additional probe from DOJ when that happened?
02:33And if not, why not?
02:34I mean, by your statement, I'm assuming what you're saying is true, but so that they banned.
02:39Okay, I accept that because you're saying it, but I don't have any information around what resulted from another country
02:47banning an individual from their country.
02:49Sometimes that certainly could result in action by the United States, and sometimes that doesn't result in any action.
02:54But I can't speak to that. Sorry.
02:56We need a classified briefing made available to members of Congress as it relates to the NVIDIA situation and to
03:04the extent that our national security has been compromised.
03:08The American people deserve answers, and we're going to work to make sure that happens.
03:14Thank you very much.
03:44Thank you very much.
04:44Thank you very much.
04:44A year later from when Trump was first briefed about it, that is October 29th, 2026.
04:51So it's a year-long investigation that was in fact underway, and then the NYT brought out this report, blowing
04:57the story out in the open.
04:59Now, Wang admits to his affair, NVIDIA opens the individual probe.
05:04There was already a probe that was happening from the government agency's part, but this was an individual probe.
05:09Remember, there was that mail that had been sent out by Jensen Wang to all of his employees apologizing for
05:16his demeanor.
05:16He had apologized to his family and employees at the same time on November 8, 2026.
05:21Post that, November 11, 2026 is when the NYT report reveals Wang's second affair as well.
05:28So it was not just one that had stopped that, but a second affair came to be exposed by NYT
05:33again, which involved Kimberly Powell.
05:35This is the last stroke before Jensen Wang took the main decision on November 12, 2026, when the board of
05:45directors for NVIDIA came out to meet and decide what shall be the future course of action be.
05:52Because it's a challenging, tricky situation for them as well, one needs to understand.
05:56Jensen Wang was the co-founder.
05:58There were three founders of NVIDIA.
05:59He was the co-founder of NVIDIA back in 1993, and amongst those three co-founders, he has been the
06:06one who has been synonymous with the very company, and which is why to succeed him, that's a discussion NVIDIA
06:13had actually never had before this.
06:15And they were just thrown at the end of the dark tunnel, deep end of the dark tunnel, just like
06:20that, within a matter of days.
06:23Now, the Reuters report again came out on November 13.
06:26This is after the resignation had already come in, speaking about a third affair with a second employee at NVIDIA.
06:33In fact, now questions are mounting as to one doesn't know how many such exposures might be made.
06:39But Reuters still has not revealed the identity of the third affair that they have spoken about, the reports have
06:45spoken about the affair, but that's about it in terms of information that's been revealed.
06:50She is an employee at NVIDIA, that's all that's been given in terms of information about her.
06:54So this is where it all stands.
06:56The big question that still remains is, who will permanently be succeeding and leading the company NVIDIA after that Jensen
07:06Wang has stepped down from the position of not just CEO, but the president of the company, as well as
07:12the head of the board of directors.
07:17So this is the big story that we are bringing to you, which the world has its eyes set on,
07:22and so do we, as the succession, the plan of action for who succeeds Jensen Wang continues.
07:29But for now, these are the details for you.

Recommended