Business News

Perplexity's Aravind Srinivas thanked Huang for 33 years of leadership, highlighting his advice and support for founders building AI companies.

Nvidia has praised Jensen Huang's 33-year contribution but offered no explanation for his immediate departure. Colette Kress will take charge as interim CEO.

The resignation comes a couple of days after he admitted his affair with Alice Huang, who is alleged to be a Chinese spy.

Nvidia's 33-year leadership era under Jensen Huang has ended. CFO Colette Kress takes charge as interim CEO, longtime director Harvey Jones becomes the company's first board chairman, and the chipmaker begins searching for a permanent successor. The company also lost its significant market cap.

Two other Justice Department inquiries, into Megaspeed and Supermicro, are looking at the role of alleged Chinese spy Alice Huang, Semafor reports.

The US President's endorsement comes hours after Huang's abrupt resignation, as Nvidia's board begins its search for a permanent CEO.

Nvidia interim CEO Colette Kress owns approximately 4.44 million shares in the chipmaker, valued at around $750 million at Wednesday's closing price.

For 13 years Kress shared the earnings-call stage with Huang. She now leads the $5-trillion-scale chipmaker on an interim basis, five days before one of its most closely watched results.

Finolex Cables has announced a 3% price reduction across light-duty and communication cables from November 13, citing lower copper prices and rupee appreciation.

Sundar Pichai tops the HSBC Hurun Global Indians List 2026, with Alphabet valued at $4.2 trillion. The 236 leaders featured in the ranking head companies worth a combined $15 trillion.

Ola Electric says demand is outpacing supply and every scooter it produces finds a buyer. Yet, the company is shutting its direct stores, shifting entirely to dealers to cut costs and improve cash flows.

The $180 million investment by James Murdoch and Uday Shankar's Bodhi Tree for a majority stake will help scale one of India's most trusted food brands nationally and across the globe.