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Jensen Huang has resigned as CEO of Nvidia and left its board.
CFO Colette Kress will be interim CEO. Here is a quick profile of Kress. Here is a look at some of the potential long term successors.
There were a lot of efforts to bury the fact that Jensen Huang had an affair with a Chinese spy, and then even to bury his second affair as well, and to get everyone to ignore the obvious implications of this. Then the second affair was revealed with executive Kimberly Powell, who directly reports to him. Even then, many doubled down on defending Jensen Huang as CEO of Nvidia.
The Nvidia board disagreed, and was preparing to oust CEO Jensen Huang prior to his resignation.
This creates a tricky situation for Nvidia, given that Jensen Huang had over 50 direct reports and did not believe in succession planning, and also for the White House.
It also creates a tricky situation for many in Silicon Valley, who have invested heavily in their relationships with Jensen Huang and in the idea that founders are as Gods.
This post covers all related events since my initial post.
If you haven’t seen it, this short AI video is obligatory, as is this one.
The Daily Show has coverage of stage one. They weren’t being all that subtle, huh?
Odd Lots had an essay on the Megaspeed scandal. As Tracy Alloway says, one simple takeaway is that Nvidia could have easily sold all these chips to Americans.
Matt Levine has additional coverage. Derek Thompson summarizes this ‘insane scandal.’
And of course, right on schedule:
Nate Silver: I think, because it happened on top of the midterms and the midterms were a huge story, people are still underindexing on how seismic the NVIDIA story is. Especially when you read the deeper reporting on it.
Rob Miles: I felt a little bit bad about attacking Jensen Huang in the past, but now I feel a lot better about it.
I was probably still wrong, since I went from “This guy’s decisions and arguments seem surprisingly bad” to “Maybe he’s not as smart as p