NVIDIA announced that Jensen Huang has resigned, effective immediately, as president, CEO, and a member of the board. Colette Kress, the company’s executive vice president and CFO since 2013, will serve as interim CEO while retaining her finance role. The board is beginning a search for a permanent successor and will consider both internal and external candidates. Kress previously spent nearly 25 years in finance positions at technology companies including Cisco and Microsoft; NVIDIA’s board cited her knowledge of the business and role in its growth as reasons for its confidence in her leadership.
Harvey C. Jones, an entrepreneur, technology executive, and venture investor who previously led Synopsys, has been appointed NVIDIA’s first chair of the board. Jones and Kress emphasized continuity: the company expects operations, customer commitments, and its product roadmap to proceed without interruption, while it continues pursuing opportunities in accelerated computing and AI. Kress also credited Huang with building the foundation she intends to carry forward. NVIDIA thanked Huang for his contributions over 33 years and to the broader technology industry. The leadership change comes shortly before the company’s scheduled third-quarter fiscal 2027 results, due November 17, with the earnings call to follow that afternoon.
Summary generated by AI from the linked article. hn.today is not affiliated with Hacker News or Y Combinator.
Colette Kress was named Nvidia’s interim CEO after Jensen Huang resigned amid revelations about extramarital affairs. Before his departure, Huang criticized Kress and questioned Nvidia’s risky financing deals as the company faced mounting commitments and competition from alternative chips. (wsj.com)
Nvidia allegedly funded AI startups and small cloud providers that then bought its GPUs, sustaining demand and helping move excess chip supply. CFO Colette Kress reportedly warned that the deals were risky because some buyers could not afford the GPUs. (techpowerup.com)
London quant hedge fund Quadrature Capital earned $8.7bn in trading profits and paid more than £1.14bn in UK corporation tax last year, exceeding the tax bills of Barclays and HSBC. The firm employs 246 people and uses machine-learning models for trading, while managing only its founders’ capital. (ft.com)
Autonomous Technologies Group is hiring a member of technical staff to build AI agents that manage wealth. The Brooklyn-based company seeks curious people from diverse backgrounds to create systems that think, reason, and act. (atg.science)
AI makes prototypes easy, but replacing mature CRM and compliance systems takes years of handling edge cases and operational risks. Buy established software outside your competitive advantage rather than underestimating the cost of building and maintaining it. (lipeles.com)
More than 1,600 comments have appeared on an Nvidia employee suggestion-box post urging the board to consider staff sentiment after Jensen Huang’s resignation. Several commenters called for Huang to return as CEO. (daringfireball.net)
Today's best Hacker News stories, summarized and screenshotted, one email a day.