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πŸ‘‘ Jensen Huang leaves Nvidia

CFO Colette Kress takes over temporarily.

Welcome to AI Wire β€” your smart shortcut to all things AI, without the jargon.

What we’ll cover today:

πŸ‘‘ Nvidia's AI king is out.

🚨 Jensen Huang's third affair surfaces.

πŸ’° OpenAI makes $10B, still loses big.

πŸŽ™οΈ Claude joins your meetings and takes notes.

  • Jensen Huang has resigned as Nvidia CEO after reports of multiple affairs, including one with a woman suspected of being a Chinese spy. The man who built Nvidia into an AI giant is now out of his own company.

  • Huang initially denied the allegations but reportedly admitted to an affair after being confronted by Nvidia's legal chief. The board eventually pushed him out.

  • CFO Colette Kress is taking over temporarily. But Nvidia has no traditional succession plan, despite Huang being central to its technology, strategy, and political influence.

  • Now Congress wants answers about potential national security risks. Nvidia spent decades building its dominance around Huang. That dependence could become its biggest weakness.

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  • OpenAI reportedly crossed $10 billion in quarterly revenue for the first time, jumping nearly 50% from $6.7 billion last quarter. Demand for its newer AI models is accelerating.

  • The growth comes from better models, lower pricing, and a stronger enterprise push. OpenAI is finally taking business customers seriously after Anthropic gained ground.

  • But its adjusted operating margin is still negative 109%. So even with $10 billion in revenue, OpenAI's operating economics remain deeply unprofitable.

  • Anthropic claims an $81 billion annual revenue run rate versus OpenAI's $50 billion, though they calculate these figures differently. The AI race is no longer just about better models. It's about who can make the economics work.

  • Reuters reports Jensen Huang had another alleged affair with an Nvidia employee, bringing the number of reported relationships to three. The revelation came just hours after his resignation.

  • Two earlier relationships involved Nvidia's VP of Healthcare and a woman suspected of being a Chinese spy. What began as a personal scandal has now become a corporate governance crisis.

  • Nvidia's board initially resisted taking action against Huang. That raises an uncomfortable question about how much power founders should hold when even their boards hesitate to challenge them.

  • Huang now faces congressional questioning over potential security risks. Nvidia's biggest problem isn't another affair. It's whether its leadership allowed personal relationships to become a business and national security liability.

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πŸ“š RESOURCE

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πŸ” ICYMI

πŸ’³ Anthropic launched Claude Personal Finance, letting AI analyze your bank transactions, spending, and bills.

✈️ Airbnb is building its own AI travel agent for 2027 to plan trips, manage bookings, and handle cancellations.

πŸ’° Anthropic's seven founders plan to cash out $250M each in its upcoming IPO while keeping majority voting control.

πŸš• U.S. regulators are investigating 2,895 Waymo robotaxis for allegedly passing stopped school buses, even after a software fix.

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