Nvidia CEO Jensen Huang resigned Thursday after reports of multiple extramarital affairs, including with an employee and a Chinese businesswoman whom U.S. intelligence officials accuse of spying for Beijing. The company says Chief Financial Officer Colette Kress will serve as interim CEO as the board searches for a permanent replacement. Nvidia’s computer chips are at the heart of the…
Source
The Trump administration has likened the need to build out the nation’s artificial intelligence infrastructure to the Manhattan Project, the World War II effort that produced the world’s first atomic bomb. The White House’s point person on the effort, Interior Secretary Doug Burgum, has spoken of the “AI arms race” with China as an existential issue for the nation.
Source
AI data centers are unpopular for good reason: they drive up utility costs for communities, crowd out everything from schools to family farms, and they’re bad for our health. But these data centers are also a financial crisis in slow motion. The AI ecosystem is built on mountains of debt taken on not only by tech firms like Meta (which borrowed a record-breaking $25 billion in late 2025 to…
Source
The tech behemoth and chipmaker Nvidia on Monday announced the largest-ever stock buyback increase in US corporate history as its profits continue to explode due to massive spending on artificial intelligence data centers, which have drawn increasingly intense grassroots opposition nationwide. Nvidia said its board “has authorized an additional $150 billion under the company’s existing share…
Source
US President Donald Trump is in Beijing for a highly anticipated summit with his Chinese counterpart President Xi Jinping. It is the first U.S. state visit to China since 2017, during Trump’s first administration. Trade, the Iran war, artificial intelligence and the fate of Taiwan are some of the issues being discussed, although it’s not clear if any new agreements are likely.
Source