‘I don’t care’: Jensen Huang reportedly gave up in his final hours as Nvidia CEO — as his affair scandal wipes away more than $1T in value

Huang’s resignation marks a stunning fall for the billionaire who was considered one of the powerhouses of the AI boom just weeks ago. The former CEO resigned after admitting to an extramarital affair with someone who is suspected to be a Chinese spy.

Since admitting to the affair, reports that Huang had two more affairs with Nvidia employees quickly emerged. People who’ve spoken with him in recent days told Bloomberg Huang has become more remorseful and reportedly called himself a “piece of s—.”

Huang’s resignation

Nvidia’s former CEO announced his resignation on Nov. 12 after facing growing calls to step down.

Reports of Huang’s connection to an alleged Chinese spy first emerged in October, following an exclusive from the New York Times that claimed he had a close relationship with a woman who was providing intelligence to Beijing. It was also alleged the woman, named Alice Huang (no relation), was helping smuggle advanced AI chips to China.

In a note to staff on Nov. 8, Huang admitted to having an affair but did not name the woman involved. Nvidia subsequently announced it would be launching an investigation into claims that Huang was the “target of a foreign intelligence effort,” though it said it had “no reason to believe that either national security or Nvidia secrets were compromised.”

On Nov. 11, the New York Times reported Huang also allegedly had an affair with Kimberly Powell, Nvidia’s vice president of healthcare. Nvidia’s code of conduct tells employees to avoid any situations that can create conflict, including “personal relationships.”

Huang officially resigned as Nvidia’s CEO the following morning. That same day, Reuters reported the former CEO had an “intimate relationship” with a second Nvidia employee, though she remains unnamed.