Nvidia's new CEO inherits a financial web and federal scrutiny
Nvidia CEO Jensen Huang has abruptly departed after 33 years, leaving the AI industry's leading company under interim CEO and finance chief Colette Kress, raising questions about the future of AI's financial ecosystem. Kress inherits a company that has acted as a de facto bank, using circular financing where Nvidia invests in AI firms like OpenAI and CoreWeave, which then purchase Nvidia chips, even as many struggle with profitability. Her finance background contrasts with Huang's risk-taking engineering approach. Kress also faces potential federal investigations into Nvidia's China dealings, including scrutiny over information Huang may have shared and Commerce Secretary Howard Lutnick's delayed intervention, leaving her to manage the fallout.