NVIDIA
Nvidia's co-founder and CEO, Jensen Huang, has stepped down after 33 years, following reports of affairs with an alleged Chinese spy and a Nvidia employee.
His sudden departure marks a major change for one of the world's biggest AI chipmakers.
Collette Kress, the company’s CFO, has stepped in as interim CEO. Kress now has the keys at the world’s most valuable company, and will hold major sway in the development of AI.
Although handing over the reigns, Huang may not be all too thrilled with Kress taking over.
During a meeting this past summer, the CEO said Kress was “a deer in the headlights” and interrupted her presentation, according to the Wall Street Journal. Huang insinuated during that August meeting that Kress was not someone who could help him make decisions.
Here's what we know about Nvidia's new boss:
She's worked at Nvidia for 13 years and helped manage its finances during the AI boom.
Forbes estimates she's worth $1.2 billion, placing her among America's richest self-made women.
Nvidia will announce its latest financial results on 17 November, when Kress may share more about the company's future plans.
A $3.8 trillion game of musical chairs
Nvidia's finance chief, Colette Kress, has taken over as temporary CEO while the company looks for a permanent replacement, although Kress may end up staying on permenently.
Kress joined Nvidia in 2013 and previously worked at Microsoft and Cisco.
Colette, darling, whatever they're paying you, add a zero. -MG