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BusinessπŸ‡ΊπŸ‡Έ πŸ‡ΈπŸ‡¬ +29 sourcesΒ· 2 hours ago

Nvidia opens board probe after Jensen Huang admits affair

Why it matters: The review will examine whether the CEO was targeted by a foreign intelligence operation tied to a suspected Chinese spy.

Nvidia has opened an independent board investigation after Chief Executive Jensen Huang told employees he had been unfaithful and apologized to his family. The company said a committee of independent directors, working with outside counsel, will review reports that Huang was the target of a foreign intelligence effort. US officials have identified the woman as Alice Huang, a former executive linked to Singapore-based Megaspeed International, which has also faced scrutiny over suspected efforts to help Chinese tech firms bypass US export controls on advanced AI chips. Huang will remain CEO while the probe proceeds. The controversy hit a company central to the AI boom, and a blockchain contract tied to Nvidia shares fell about 2.9% after the disclosure.

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Nvidia opens board probe after Jensen Huang admits affair β€” Veloxia Global News