Bayelsa announces partnership with US firm to build gas processing plant, but investment value remains uncertain pending feasibility study of gas flare sites. The post Bayelsa announces US gas plant deal, but investment value remains uncertain appeared first on Premium Times Nigeria .
Huang's decision to exit Nvidia 33 years after founding the company came as reports emerged that he had had a relationship with an executive at the firm. He had already been facing scrutiny over reports of an affair with an alleged spy.
The IPO is set to be one of the largest in history and could lead to a valuation of between $1.26trn and $1.41trn. Read more: Bloomberg: Anthropic IPO six-times oversubscribed
Oil prices were mixed today and were headed for a second weekly decline as a continued US blockade of Iran eased fears of renewed fighting in the Middle East, though shipping attacks remained a supply risk.
The Banking Committee says the ex-tech CEO and the commerce secretary could face legal action if they fail to appear.
Huang, who has been married to his wife Lori for over 40 years, admitted Sunday to an affair, reportedly with Alice Huang.
Senate Banking Committee Chairman Tim Scott has asked Commerce Secretary Howard Lutnick and former Nvidia chief Jensen Huang to testify, as House Republicans demand closed-door interviews amid national security concerns.
Cartier-owner Richemont has today reported a faster-than expected quarterly sales increase, helped by continued demand for its jewellery and bumper growth in the US and Japan.
Microsoft services such as Outlook and Teams continue to be disrupted as the tech giant struggled to fix issues with some servers, hitting businesses and government agencies globally that use the popular platforms.
The resignation of Jensen Huang following reports he had an affair with a suspected spy leads a number Friday's papers.
CEO behind the meteoric rise of Nvidia stepped down after it was revealed he had an affair with an alleged Chinese spy Jensen Huang has stepped down as CEO of Nvidia , the company at the center of the AI boom, after leading it for more than 30 years. Huang, an electrical engineer by education, stewarded the company from a $1bn firm when it went public in 1999 to a company valued at more than $4tn in 2026. But in a matter of days, after it was revealed he had an extramarital affair with a woma...
As the board was gathering for the meeting on Wednesday, news broke that Huang had strayed a second time.
Suspected of espionage and publicly acknowledged as the mistress of the founder of the American chip giant, the operator navigates complex financial arrangements and moves between the worlds of business and politics. Her story sheds light on the gray areas of the Sino-American technology war.
Huang’s resignation has sent shockwaves through the AI industry, after revelations of extramarital affairs, including one involving a suspected Chinese spy Full report: Jensen Huang resigns as Nvidia CEO Analysis: Jensen Huang built an AI kingdom. Now he’s gone, will Nvidia’s ramparts be breached? Jensen Huang is expected to testify before the US Congress in the next fortnight, after the Nvidia CEO stepped down from the multi-trillion dollar company on Thursday, plunging the chipmaker into cr...
US lawmakers now want to question Huang over whether one of his alleged relationships was with a Chinese spy.
Jensen Huang, long considered the face of the AI revolution, has resigned as Nvidia's President, CEO and board member as sandals over his romantic affairs wiped hundreds of billions of dollars from the company's market value in a matter of days. US lawmakers signal they'll likely push for tighter export restrictions for AI chips. Meanwhile, the rapid buildout of AI data centre is sparking anger and worries among French communities.
The report seeks to address concerns about the Trump administration's handling of revenue held in trust for Venezuela.
It added that it had begun work to redistribute traffic across its worldwide infrastructure.
CEO was viewed as ‘irreplaceable’, but recklessness of affair with a woman regarded by US officials as a Chinese spy made him a political liability Half the tech world made up its mind before the facts could be assessed properly. Jensen Huang was “irreplaceable”, said the chorus at the start of this week. Nvidia would melt without the co-founder’s brilliance, apparently. The chipmaker’s board had to find a way to save its genius for the sake of corporate America and the entire AI universe. It...
The sale of previously owned homes dropped 5.5 percent in October, the lowest level since August 2010.
Many hemp companies are shipping their remaining inventory to Wisconsin, Minnesota and Tennessee, which have different regulations At midnight this morning in Illinois, hemp-derived THC drinks transformed from grocery store commodities into illegal narcotics, and manufacturers have been rushing to sell their inventory or ship it out of state. Republicans tacked a last-minute provision on to last year’s spending bill that ended the government shutdown, banning all hemp-derived THC products, in...
CEO’s affair and resignation has brought company’s murky corporate contracts and supply chains into sharp focus Can the AI economy survive without its “central bank”? What does Jensen Huang’s fall mean for the world’s second-most valuable company, and what might a tremor in its fortunes mean for the world? Nvidia’s sky-high valuation is based on the fact that it designs and sells the advanced AI chips – called graphics processing units (GPUs) – that underpin the AI economy. Without these, AI...
Sales of built units fell to 3.75m in October, down by 8.8% from last year, with mortgage rates at nearly three-year high US existing home sales hit a 16-year low in October as buyers were driven away by record-high mortgage rates and rising inflation, according to new data released on Wednesday. Sales of already built units dropped to 3.75m in October, down by 8.8% from last year, the National Association of Realtors (NAR) reported. The median existing-home sales price increased slightly to...
Now that Huang has stepped down, Al Jazeera’s Kristen Saloomey looks at the questions ahead for the company.
Global AI-linked stocks tumbled today as Nvidia CEO Jensen Huang resigned following a deepening scandal around his affairs, upending the chipmaker's leadership and posing fresh risks to a sector already reeling with funding and regulatory concerns.
President Donald Trump has suggested that former Apple CEO Tim Cook should replace recently ousted NVIDIA boss Jensen Huang as the company's new chief executive.
Toyota is bringing its ultra-compact Kei-01 truck to the US. But there's one big catch: the tiny truck has a top speed of just 25 mph.
The Nvidia boss’s departure could deepen the technological rift between Washington and Beijing
Shifting political influences in the White House may soon ripple outward through transatlantic relations. Jeff Rathke, President of the German-American Institute, unpacks what a Democratic-led Congress might change, and what it won't.
Jensen Huang, who built Nvidia into the world’s dominant AI chipmaker, is stepping down as CEO after a second affair came to light. DW examines how losing its figurehead will affect the firm and the US-China AI race.
Jensen Huang, who built Nvidia into the world’s dominant AI chipmaker, is stepping down as CEO over extramarital affairs. DW examines how losing its figurehead will affect the firm and the US-China AI race.
Nvidia CEO Jensen Huang has resigned amid reports of a second affair with an executive.
Nvidia finance chief Colette Kress is set to take over as interim CEO from Jensen Huang, the company said today, putting her in charge of the chipmaker whose processors power the world's most advanced super computers and AI data centres.
Oliver Farry is pleased to welcome Bernard Benhamou, Secretary General of France's Institute of Digital Sovereignty. Benhamou examines the intersection of traditional espionage, geopolitical rivalry and the extraordinary concentration of power within the global AI industry. Discussing allegations surrounding Nvidia's leadership, he describes the chipmaker as "the banker of the global AI system," a striking characterization that captures the company's importance not merely as a semiconductor m...
Move follows admission of affair with woman alleged to be Chinese spy and reported relationship with employee Business live – latest updates Jensen Huang has resigned as chief executive of Nvidia after reports of extramarital affairs with an alleged Chinese spy and a company employee. He will be replaced on an interim basis by Nvidia’s chief financial officer, Colette Kress, until a full-time successor is named. Continue reading...
The founder of the American semiconductor giant, implicated in an affair with a Chinese entrepreneur suspected of espionage, resigned from Nvidia's board of directors on Thursday, November 12.
Industries across the globe are seeking to reduce their carbon footprint and become more sustainable. To do so, many are turning to employees with specific credentials. According to LinkedIn's Global Green Skills Report 2026, workers with green skills are being hired at more than 1.5 times the rate of the wider workforce.
This is a breaking news story.
Nvidia shares fall in pre-market trading after report of Huang’s second affair Nvidia board reportedly deciding whether to oust CEO Jensen Huang Too big – and too well-connected – to sack? Huang does not enjoy the supercharged voting rights that are par for the course elsewhere – his shareholding is a plain vanilla 3.6%. On the other hand, Nvidia’s board does not appear to have spent much time worrying about succession planning and “key person risk” or other standard concerns of corporate gov...
A ballot for union recognition opened on Thursday.
CEO says ‘democratic approach’ has helped brand outperform tough market, with big rises in China and US Burberry has returned to profit as its back-to-basics strategy drove strong sales of the British brand’s coats, jackets and handbags over the summer. Joshua Schulman, the chief executive, said the luxury brand had outperformed a “challenging luxury market” to achieve sales growth of 6%, helped by strong online and wholesale sales particularly in China and the US. “Our strategy is working,”...
Oil prices moved slightly lower today after recovering from earlier losses, as persistent geopolitical tensions in the Middle East and Russia offset pressure from rising crude output.
Fashion brand Cole Haan has completed a global SAP S/4HANA transformation across North America, Europe and Asia, with support from Applexus Technologies.
UK luxury brand Burberry has beaten forecasts for second-quarter sales and first-half profit, saying its more affordable products had won over younger shoppers in the US and China.
Nvidia's board is holding a late-night meeting to decide whether or not to oust CEO Jensen Huang after a second extramarital affair was revealed. The scandal has revealed a major weakness at the heart of the chipmaker sitting at the heart of the AI boom: the lack of a clear succession plan. We take a closer look.
Nvidia's board is meeting to decide whether to oust CEO Jensen Huang, as the AI chip giant grapples with reports of two extramarital affairs involving its longtime leader. Huang's future is now in the balance at the company he co-founded and helped transform into a global AI powerhouse. We look back at his rise and his journey to becoming one of the most influential figures in the AI industry.
China on Thursday accused the United States of “fabricating spy narratives” to justify a technology “blockade”, stepping up its pushback against reports that the woman Nvidia CEO Jensen Huang had an affair with was a Chinese intelligence asset.
Nvidia’s co-founder and only CEO to date has never appointed a successor. Read more: WSJ: Nvidia could oust CEO Jensen Huang after report of second affair
The ‘Worldeez’ toy consisted of a globe which when unwrapped revealed gifts themed on individual countries
Meeting comes after CEO admitted to having a relationship with a woman who is alleged to be a Chinese spy Business live – latest updates Nvidia’s board of directors met on Wednesday to decide whether to oust Jensen Huang as CEO of the world’s most valuable chip company, according to reports, after a tumultuous week in which the executive and co-founder of the company admitted to having a romantic relationship with a woman who is alleged to be a Chinese spy. The meeting marks a sharp shift fr...
Activists wanted the historic liner to be turned into a museum, but it will instead become the world's largest artificial ocean reef.
Nvidia's board is reportedly preparing to oust Jensen Huang amid reports of an affair with a suspected Chinese spy. The shake-up would leave the world's leading AI chip supplier without the co-founder who built it.
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