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Nvidia's Jensen Huang and the 'most expensive affair in history' - but not the only one

Published by RNZ · New Zealand 8 h ago
Caption:Nvidia CEO and co-founder Jensen Huang is stepping down from his role at the company.Photo credit:AFP
Caption:Nvidia CEO and co-founder Jensen Huang is stepping down from his role at the company.Photo credit:AFP · RNZ

Detailed summary

It's been called the most expensive affair in history. Jensen Huang is stepping down from his role at the helm of Nvidia after it was revealed he had an affair with a Chinese…

Jensen Huang is stepping down from his role at the helm of Nvidia after it was revealed he had an affair with a Chinese businesswoman accused of spying.

While commentators online have speculated about how US$140-ish billion fortune would be split if he and his wife, Lori, were to separate, the financial impacts are being felt much more widely.

Shares in the company have fallen more than 10 percent, cutting its value by hundreds of billions of dollars.

But his resignation has caused ripples across the wider AI sector, too, because Huang had been instrumental in investing back into other cloud providers, suppliers and labs. There are concerns his departure could mean trouble for a sector that is already facing wariness about its share prices and prospects.

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This may be one of the most dramatic cases but it's not the first time human failings have had significant financial implications.

In 2010, Hewlett-Packard chief executive Mark Hurd stood down after he was found to have made false expense claims to cover up a relationship with a contractor.

The Guardian reported that the company's shares doubled in value during his time at the top, but his resignation sent them down 10 percent.

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