Nvidia's board of directors seeks to remove its CEO after two infidelities: one of them was with a suspected spy

Nvidia's board seeks to oust its chief executive, Jensen Huang, after two affairs he had with women were discovered, one of them a suspected Chinese spy, as revealed exclusively by The Wall Street Journal. The board plans to meet this very Wednesday to determine the future of the top executive, WSJ and The New York Times reported. Huang has been a co-founder of the company since 1993 and turned it into the leading supplier of artificial intelligence chips. He is seen as one of the main faces of the AI arms race. Last Sunday, Huang acknowledged in a letter to his employees his infidelity to his wife and apologized for having betrayed her trust. The CEO of Nvidia, Jensen Huang, entered into a controversy a month ago, when his extramarital relationship with a businesswoman who would be a suspected Chinese spy was discovered. JOSH EDELSON - AFP A month earlier, he entered into a controversy when his ties with the businesswoman Alice Huang, linked to MegaSpeed, a data company based in Singapore that has been a major Nvidia client and is being investigated for alleged connections with Chinese intelligence services, came to light. After the co-founder, 68 years old, acknowledged the extramarital relationship, the board opened an investigation into the matter, led by the law firm Wachtell, Lipton, Rosen & Katz. Meanwhile, China denied the espionage accusations. Alice Huang, alongside Jensen Huang This Wednesday, The New York Times reported exclusively that Huang had a second extramarital relationship with Kimberly Powell, a 48-year-old executive who worked directly for him. Powell serves as the company's vice president of healthcare, which she joined in 2008. NYT reported that she had a rapid rise in the company: in 2016 she was promoted to senior director of AI business development and at the end of 2017 she was named to her current position, where she oversees programs to apply chip technology to higher education and healthcare. The relationship came to light when Huang and Powell were recorded on video being affectionate in a hotel in San Jose, California, during an Nvidia conference in March. Nvidia's code of conduct instructs its employees to avoid actions that create conflicts, among which are personal relationships. For this reason, the company investigates misconduct complaints. Nvidia stock drop Once the board's intentions to fire Huang and his second extramarital relationship became known, Nvidia's shares fell around 8% in after-hours trading, The Wall Street Journal reported. The drop occurred even though the tech sector had had a positive day on Wall Street. During the session, the shares had found support in the solid results of CoreWeave, a company considered a benchmark in the AI infrastructure business, which beat revenue expectations and raised its sales forecasts. However, the positive mood changed abruptly after the market close, when reports about Huang's future at Nvidia emerged. Developing story.