Miscellaneous news of the day thread

[touchdown]

Nvidia’s board of directors removed Jensen Huang as chief executive on Thursday, just three days after giving him a vote of confidence and less than a month after a national security scandal and an affair allegation began tearing through the company he founded in 1993.

The Nvidia board reached its decision after an hours-long meeting Wednesday at the roughly $4 trillion company. It capped a remarkable stretch even by the standards of a tech industry that has watched Nvidia become the linchpin of the artificial intelligence boom. Huang had been fighting to keep his job since October 29, when the media reported on a “close relationship” between him and a woman named Alice Huang, a Chinese citizen and executive at Megaspeed, the largest buyer of Nvidia chips in Southeast Asia, who U.S. intelligence suspects of spying for Beijing.

The company announced that CFO Colette Kress will serve as interim CEO as it searches for a permanent replacement:

Colette Kress, current Executive Vice President and Chief Financial Officer of NVIDIA, has agreed to serve as Interim Chief Executive Officer. Kress will continue to serve as Executive Vice President and Chief Financial Officer while serving as Interim Chief Executive Officer until a permanent successor has been named. The Board is initiating a search for a permanent Chief Executive Officer and will consider internal and external candidates.

Kress has served as Executive Vice President and Chief Financial Officer of NVIDIA since joining the company in September 2013. During her tenure, she has led the company’s finance organization and has played a key role in NVIDIA’s growth and evolution. Prior to joining NVIDIA, Kress spent nearly 25 years in finance roles at leading technology companies, including Cisco and Microsoft.

The Board of Directors appointed Harvey C. Jones as its first-ever Chair of the Board. Mr. Jones has been an entrepreneur, technology executive, and active venture investor for over 30 years, including serving as Chief Executive Officer and Executive Chairman of Synopsys.

Jensen Huang quits as Nvidia CEO in wake of Chinese ‘spy’ scandal and second alleged affair

Jensen Huang resigned as Nvidia CEO Thursday after the chipmaking giant was left reeling over the revelations that he allegedly had affairs with a suspected Chinese honeypot as well as a company ex…

nypost.com

 

[dbair1967]

Apparently they dumped him after pressure from Democrats (and possibly a few Rinos too)

The irony is they (Democrats and Republicans) knew about Eric Swalwell's affair with the Chinese spy for years yet he remained in Congress until he was forced out of the Governors race for other allegations by women. One would think a spy banging an active member of Congress would be worse than someone in the private sector, whether its high level tech stuff or not.

Yet here we are.

 

[Doomsday]

Is it symbolic of the nation as a whole?
SS United States sunk.

 

[dbair1967]

 

[touchdown]

Written by Brivael Le Pogam:

Prediction. Screenshot this post, we'll talk again in five years.
They're going to pull it off. Jensen Huang is going to be pushed out of Nvidia. And here's what happens next.

Elon hires Jensen and puts him in charge of Terafab. He's already said it publicly: hiring him would be an honor. And Terafab is the project made for him. A chip factory Musk wants to be the largest ever built, one terawatt of compute per year, from design to packaging under one roof. Terafab's challenge is to do in a few years what the industry took decades to build.

There's only one man on Earth who knows every layer of that stack. They execute like absolute maniacs. Musk brings speed, capital and appetite for risk. Jensen brings thirty years of mastery of the stack: architecture, software, customers, supply chain. Musk builds factories faster than anyone alive. Jensen knows exactly what to put inside them.

It's the only duo in the world capable of compressing a decade into three years. SpaceXAI merges with Tesla. This isn't even science fiction anymore: independent committees are already studying the merger. Rockets, satellites, AI, robots, self-driving cars, energy, and now chips. One single entity, integrated from silicon to orbit. The group climbs to $50 trillion.

Today, SpaceX and Tesla are worth around $3.4 trillion combined. $50 trillion sounds insane. But remember: ten years ago, Nvidia was worth a few tens of billions. When you own superintelligence, the robots that do the work and the rockets that go to space, you don't capture a market. You capture the economy. Elon buys Nvidia.

Meanwhile, Nvidia without Jensen does what every company does after losing its founder: it manages. It protects its margins. It loses ground to its own customers' in-house chips. And one day, it becomes a target. For a $50 trillion group, buying Nvidia is just one acquisition among others. Jensen becomes the chip boss again. He takes over the semiconductor division of the new entity. Pushed out of his own company, he gets it back from above, inside the largest industrial group in history.

Sounds crazy? Steve Jobs did exactly that. Pushed out of Apple, he came back when Apple bought NeXT. You know the rest. Nvidia's board thinks it's getting rid of a problem. It's creating the biggest competitor in its history.

See you in five years.

 

[touchdown]