From Deccan Chronicle
Owned by Deccan Chronicle HoldingsNvidia Names CFO Colette Kress Interim CEO After Challenging Huang’s Bets
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Nvidia appointed CFO Colette Kress as interim CEO after a probe into Jensen Huang’s actions that challenged his bets. The move follows a share‑price slump and a probe that rattled AI trade, with shares falling 3.5% to $160 and down over 30% from October’s record high. Experts note the situation raises concerns about leadership stability, governance, valuations, geographical concentration and geopolitical risks. A proposed $250 billion plan for an OpenAI data centre in Ohio was reduced to $120 billion.
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A proposed $250 billion plan to support an OpenAI data center project in Ohio was ultimately pared to $120 billion.