Jensen Huang’s departure weighs on the entire AI economy
By the AFREEQUE newsroom, based on TechCrunch and ThisDay
Jensen Huang has stepped down as president, chief executive and director of Nvidia, with immediate effect, according to ThisDay. The group, whose investments feed the artificial intelligence ecosystem, is now being led on an interim basis by Colette Kress, chief financial officer, pending a permanent successor.
The board accepted Jensen Huang’s resignation on 11 November, and the group announced it on 12 November in a filing with the US Securities and Exchange Commission (SEC). The board also named Harvey C. Jones, a director since 1993, as its very first chair.
Among the directors is John Oluseun Dabiri, professor of aeronautics and mechanical engineering at Caltech, who has sat on the board since 2020 and serves on the compensation and governance committees. Born in 1980 in Toledo, Ohio, to Nigerian immigrant parents, he earned a degree from Princeton in 2001, then a PhD in bioengineering from Caltech in 2005, at the age of 25. His work focuses on fluid mechanics, particularly the propulsion of aquatic organisms such as jellyfish. He received the MacArthur Fellowship in 2010, at 30, and the US National Medal of Science at a White House ceremony in January 2025.
According to TechCrunch’s Equity show, Jensen Huang held the largest individual stake in Nvidia, where members of his family also worked, and many players in AI depend on the group’s investments. Some observers still hope for his return, while others see his departure as the start of a deeper reorganisation, particularly for AI projects in China.
