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Nvidia CEO Jensen Huang is under scrutiny after revelations of an affair with Chinese businessperson Alice Huang, who's suspected of spying.
Nvidia produces crucial AI chips that both China and the U.S. covet, and Jensen Huang's affair has sparked concerns about national security. The Department of Justice is investigating whether a company tied to Alice Huang illegally funneled chips to China. Nvidia's board says there's "no reason to believe" secrets were compromised.
Nvidia must find a way forward without Huang
Nvidia CEO Jensen Huang has resigned, capping a spectacular downfall for a poster boy of the artificial intelligence boom. His exit on Thursday followed reports of extramarital affairs, and it thrusts the chipmaker into an uncertain future.
Huang's departure sets off a scramble to find a permanent replacement to lead the multitrillion-dollar colossus that grew from obscurity to a perch between Apple and Microsoft at the top of the S&P index
FBI: US has seized $1.2B worth of cryptocurrency
The FBI says it has seized or restrained more than $1.2 billion of cryptocurrency reported stolen last month from Binance. The theft of $6.3 billion from the world's largest cryptocurrency exchange is regarded as the biggest crypto heist in history.
The FBI has previously attributed it to a North Korean hacking group called TraderTraitor. The U.S. government and private sector have so far combined to freeze more than $2.7 billion of the stolen funds.
Canada threatens to sue Stellantis over plant sale
Canada threatened to sue automaker Stellantis and recover hundreds of millions of dollars in government funding after the company shifted planned vehicle production to the United States during U.S. President Donald Trump's trade war and agreed to sell its idled assembly plant in Brampton, Ontario.
Industry Minister Melanie Joly said Ottawa had issued Stellantis a formal notice alleging breaches of its funding agreement, giving the automaker 30 days to address the violations or face legal action. Stellantis abandoned plans to build the Jeep Compass at its Brampton plant and shifted production to Illinois, leaving more than 2,000 Canadian workers without jobs.
Advocacy groups sue AI giants
A coalition of online safety and consumer advocacy groups has sued five leading AI companies to halt further development. They allege the tech giants can't prevent their creations from causing "catastrophic" harm and allege their endangerment of public health has violated California law.
The lawsuit targets Anthropic, Google, Meta, OpenAI, and SpaceXSI. It cites cyberattacks by AI systems and the companies' own warnings about potential risks.
Nvidia CPO named interim CEO
Nvidia has appointed Colette Kress as interim CEO following Jensen Huang's resignation. Kress, who joined Nvidia in 2013 and served as executive vice president and CFO, steps into the role during a challenging time for the company.
Huang, a co-founder of Nvidia, resigned after reports of extramarital affairs surfaced, including one with a woman alleged to be a Chinese spy. Kress expressed her commitment to building on Nvidia's foundation and continuing its leadership in accelerated computing and AI. Before Nvidia, Kress held roles at Cisco, Microsoft, and Texas Instruments.