This is not good news for the U.S. technology sector and the global race for dominant AI specifically.
Given the dependency of the U.S. AI race on the specific hardware provided by the world’s second largest corporation (measured by capitalization) the resignation of President and CEO Jensen Huang could have significant ramifications.
Obviously, those global interests who are rushing to catch up to the USA position, as well as those who are opposed to datacenters and AI development, are celebrating the news.
PRESS RELEASE – NVIDIA (NASDAQ: NVDA) Board of Directors announced today that Jensen Huang has resigned as President, Chief Executive Officer, and a member of the Board, effective immediately.
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.
“Colette has helped lead NVIDIA through a period of extraordinary growth and has a deep understanding of our business, customers, operations and financial position,” said Harvey Jones, Chair of the NVIDIA Board of Directors. “She is supported by an experienced leadership team that has been instrumental in executing NVIDIA’s strategy and advancing its technology roadmap. The Board has full confidence in Colette and the leadership team, and we expect the company’s operations, customer commitments and product roadmap to continue without interruption.”
“NVIDIA’s strength has always come from its people, and together with our leadership team, I am committed to building on the extraordinary foundation Jensen created over the last 33 years,” said Colette Kress, Interim CEO and CFO, NVIDIA. “We will continue advancing the work that has made NVIDIA a leader in accelerated computing and AI, and execute on the opportunities ahead. Our focus remains on serving our customers, partners, developers and shareholders.”
Jensen’s contributions to NVIDIA are profound. NVIDIA is one of the most consequential technology companies in the world. The Board and the company thank Jensen for his immeasurable contributions to the company and the industry.
NVIDIA will report its third-quarter fiscal 2027 financial results on Tuesday, November 17, at approximately 1:20 p.m. PT, as previously scheduled, followed by its earnings call at 2 p.m. PT. (source)
The Nvidia board initiated an “independent investigation in light of recent reporting that founder and CEO Jensen Huang has been the target of a foreign intelligence effort,” the company said in a statement Sunday, noting that the investigation — which it said Huang “fully supports” — will be overseen by a “committee of independent directors, assisted by outside independent counsel.”
So, Ro Khanna unceremoniously dumped his NVIDIA stock before the stock price dip and the current ordeal. AND, he was a member of these committees,
– Strategic Competition between the U.S. and the Chinese Communist Party Committee
– Taiwan Caucus
– High Tech Caucus.
I’m sure it’s just a coincidence. Not “insider trading” courtesy of the at least one of those committees getting a heads up over a year ago that Huang was dipping the pen in the company ink.
Here’s a good overview of this nonsense courtesy of Ed Morrissey:
https://tinyurl.com/kv5j96fx
I’m sure all of this was known long ago. Just waiting for best time to drop. Interesting after election. If “Republicans” won, would it have gone another way?
Agreed! The IC is sending a warning shot to Big Tech, ie, Bezos, Jassy, Musk, Cook, Zuckerberg, Dell, Subdar etc now that Republicans have lost prestige, good will and power. The message is “If you continue to support President Trump the same fate awaits you!”
Remember, every NVDA GPU chip is manufactured in Taiwan at TSMC. TSMC has thousands of employees, dozens of facilities and everyone who works there is 100% Chinese! On top of that, NVDA GPU chips are sold to companies and brokers all over Asia including Hong Kong. Does anyone seriously think they haven’t made their way to Beijing?
1) The Taiwan citizenry do NOT consider themselves Chinese.
2) It is possible a thin trickle of CPU chips get to Red China BUT that is far different than the Red Chinese having engineering design and manufacturing capacity.
Yes they are.
“China is asshoe.” – Hong Kong protester
This might be perceived as a win for CCP efforts to dominate AI hardware and software development… but I have a feeling that Mr. Huang’s considerable talents will soon be focused on facilitating large scale domestic AI chip development and manufacture in a synergistic relationship with Elon Musk.
They are close.
Who knows, the quick exit of Jensen reads as a ploy not to scratch the surface.
As the CEO of Nvidia, just how many people with duplicitous connections to the CPC were advanced into key positions within Nvidia.
A company at the forefront of an emerging technology.
It is after all the tried and true SOP/MO of Marxist fellow travelers to play the long game.
Quite possibly the exit stems from mission accomplished. That is, the role A.I. nimby reactionist played in recent election, the time was ripe to exit the stage.
My point is a.i. data centers are not going to go away, they are going to remain the pathways to advance human knowledge.
Just how many solutions to problems involving energy, material engineering, fluid dynamics, quantum electrodynamics etc that are grounded in theoretically mathematics that are beyond our human biological brains to conceptualize because they are non linear problems and often involve data points of relationships that are transcendental of our brains three dimensional wiring.
Laugh all you want.
However, when the noise of nimby on A.I. becomes doomscrolling conjectures in the MSM about A.I. becoming a bane to the field of advanced mathematics and demonized as a cheating scorecard to ridicule research that pushes humanity’s knowledge.
Trust me, nimby visceral reactions are being gamed.
Precisely because of the implications.
If the desire of control is a reaction to fear. Then the flip side of fear control desire is the that control is a means to ownership.
So, yah, commercial a.i. is being controlled by nimby ignorance to deliver a consumer product to produce more control.
Sounds, eeriely 1984’ish with a feedback mechanism to assure the better mousetrap of more control.
However, push aside all that and the escape hatch becomes a.i. data centers become simple access points for some of the most profound research vehicles since Maxwell’s Equations.
A.I. data centers are not going to away, the money is just going to go to seed. Invisible to to the man on the street.
Then, everything becomes at this Sigma Six level a question of the spiders in the web.
My assessment, the American public is too manipulatived to understand, to even begin to enter the a.i. discussion.
That is a power vacuum, an optimistic opportunity for even more control.
Which money will always chase
Here is question to all Treepers?
If government control and oversight of public a.i. is a given, and there is a secondary track to a.i. at the research use of a.i.
AKA data centers you will never even hear about.
Your research, the product of your endeavors becomes the property of some else.
What are the odds that the grand long game involves placing key people into positions to spill the beans on this private quais institutional level use of a.i. to third party
adversaries?
The above reads definitely above most people’s pay grade.
For me, when you have rejected offers that are life changing.
I have personally rejected offers in the nine to ten figure range!
The question becomes why not?
And become more of a question about a deep introspection of why should I!
Just what am I saying about humanity?
Often the most profound insights are questions derived from those that are not being framed in the public space of discussion on a given topic.
Call it noise, or distractions that lead away from true introspection of the issues at hand.
Frame the discussion away from the relevancy of what is at stake, and I assure you vast amounts of human efforts are behind the effort to not ask these questions.
That is to place the seeds of what is relevant in the popular imagination of the public and then none will ask the pipied piper questions.
I’ll bite on this one too.
The short answer is found at Isaiah 2:22
Cease ye from man, whose breath is in his nostrils: for wherein is he to be accounted of ?
Thank you for the erudite contribution.
You summed it up with your assessment, the American public is too manipulated (edit of manipulatived) to understand… And one could replace the term, a.i., with any other variable that is presented to the public.
That being the result of decades of preparation via public schools, then television, now social media, laid upon the removal of the foundation of knowledge and respect for God.
John B.
Much thanks in that I am not alone.
When you truly deconstruct what you stated.
And, this not easy for someone such as myself say, the ultimate control of fear is to reduce human experiences to isolation.
Just live your best life no matter how you rail against the adversity.
Just know that is the key to all fears.
Post Script. I am light years ahead of fear mongering.
The powers to be know my thoughts.
The world is not in the hands of our betters.
That is not my fear, nor yours if I read you correctly. It is the Providence of any given fear.
Look the CTH forum has long ago entered in to a phase of dialogue that broaches the unknowns of fear.
Any attempt to isolate the source is futile.
Leaving the only recourse of living your best life.
Never more profound words of hope has ever been encapsulated.
It is the fear of everything railed against your person.
Finding joy in your life.
Watch our entire stock market drop. Thanks, Dems! You’re not enoben in the majority and you’ve already taken us to the cleaners. Y’all need an exorcism!
It was only a matter of time before AI was used to meme Jensen
https://x.com/mom_agency_/status/2120879927327080885/video/1
Sounds like the D-Rats are going to drag Trump into this.
of course! more cannon fodder!
Could this be one way of “dodging a bullet” i.e. Socialist Democrat hearings in Congress?
The question is, who is Colette Kress and who controls her?
So what happens to the honeypottress? Does she have to quit too?
If he needs to sell that leather jacket I’ll take it. That is nice.
Didn’t Howard Hughes have a racy sex life and so did Bill Gates.
Huang Huang did Fang Fang and 401k down down.
Funny funny.
Really enjoyed it, tx
TIL that 12% of Nvidia’s workforce is based in Israel. The new incoming CEO was involved in a Nvidia acquisition of an Israeli tech company. So shortly after the rigged American election, the guy screwing Chinese spies was publicly humiliated, fired, and then replaced with a woman who has deep connections to the Israeli wing of Nvidia. This whole thing glows.
Actual quote from Colette Kress (the new Nvidia CEO): “My day starts with Israel meetings, and only then continues to California.”
Source: “Globes” (Israeli Newspaper)
https://archive.li/Stw5h#selection-811.0-811.258
All is said in your third paragraph.
I am an old manufacturing guy. The CEO position deals with the Board, Public, and Customers. With the large public companies the ceremonial parts take up a big chunk of time. Throw in the time spent on the inside affairs and the divisiveness that they cause, the removal of Jensen is not a huge deal. The guy that does all the work and should be making the big long range decisions is the COO. The guy waist deep in all the problems and opportunities is the Operations Guy.
Bill Gates has had a Chinese honeypot for years. She graduated from Harvard and worked as an airline stewardess (yes!). She was his ‘translator’ on his many regular trips to China. Yeah, right.
Why is that not more well-known, as are Huang’s dalliances?
Huang is a friend of PDJT. Gates, not so much.
Glenn Beck outlines why this may have happened now: https://www.youtube.com/watch?v=GCBykMRLLyE. “Glenn Has THESE Questions About the Nvidia Scandal’s Weird Timing | Hour 1 | 11/12/26. ” One of Beck’s reasons might be because Huang “was one of the loudest voices for open AI” versus closed AI that “needs to be rented by the minute.” (11:00 mark) Interesting listening.
That lady will ruin what he’s built.
A big ego is a terrible thing to waste for Mr Huang unfortunately.
I don’t buy it for one second that this idiot was simply ‘taken in’ by a spy and caught up in her subterfuge.
He knew exactly what she was. Hopefully, he goes to prison for a long long time.
I’m sorry if this hurts our place in the AI ‘race’ we’re in, but having any tolerance for stupidity and selfishness like this is how we find ourselves in the current political situation we are in. Rinos and Leftists are entrenched b/c there’s no consequences when they ‘mess up’, ‘we’ let them off the hook time and again. They are emboldened, and we suffer more and more as a result.