Nvidia's Huang had relationship with second employee, sources say

Reuters reports that former Nvidia CEO Jensen Huang had an intimate relationship with a second employee, according to two people familiar with the matter. The sources do not name the woman, and attempts to reach her were not successful.

The report identifies two women: Alice Huang, whom U.S. intelligence suspects of being a Chinese spy, and Kimberly Powell, Nvidia’s vice-president of health care. Reuters is not naming the second employee.

Nvidia declined to comment. Powell, Jensen Huang, and a representative for Nvidia’s board did not reply to requests for comment. Alice Huang could not be reached for comment.

Jensen Huang admitted to an affair in a statement following reports of his relationship with Alice Huang, without referring to her by name.

Nvidia’s board appointed finance chief Colette Kress as interim CEO.

Earlier this month, Nvidia’s board launched a probe, led by independent directors with outside legal counsel, into whether Jensen Huang had been targeted by a foreign intelligence operation. It also expressed confidence in him at the time.

Shares fell 5.5 per cent on Thursday. The stock has shed more than 30 per cent of its value since its early October peak.

Why it matters

The developments at Nvidia could affect the AI industry that Jensen Huang helped shape. Nvidia has used its financial strength to help create an industry around AI through complex financial arrangements that ease the purchase of the company’s chips. It has backed cloud computing companies and AI labs in order to do so.

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Sources

• ctvnews.ca: Nvidia's Huang had a relationship with two employees: Reuters
• bnnbloomberg.ca: Nvidia's Huang had a relationship with two employees: Reuters

This article was drafted with AI assistance and checked against the sources above. Company claims are reported as claims. Cover image is AI-generated.