In today's edition: Quickmart shares jump 33% on NSE debut ||Egypt approves two fintech sandbox projects || IMF urges Kenya to ease stablecoin rules || Who secured the bag?
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Well, Jensen Huang’s week just got worse.
Yesterday, the NVIDIA co-founder resigned as chief executive officer of the chipmaker he helped build into one of the world’s most valuable companies. His departure follows reports of extramarital affairs, including one with a Chinese businesswoman whom US officials suspect of having ties to Chinese intelligence.
Huang has denied knowing about any alleged intelligence links, and NVIDIA said it has no reason to believe its secrets were compromised. Yet, the revelations have triggered investigations, rattled investors, and now cost the 63-year-old his job.
NVIDIA’s chief financial officer, Colette Kress, has taken over as interim CEO while the company searches for a permanent replacement.
It’s quite a turn of events. The man who spent three decades making NVIDIA central to the AI boom is suddenly out of the company he co-founded. And the chipmaker must now figure out what comes next without its most recognisable face.
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