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Colette Kress named Nvidia interim CEO after Jensen Huang resigns

Nvidia has appointed CFO Colette Kress as interim CEO following Jensen Huang's resignation, which came amid reports of two extramarital affairs, one involving a suspected Chinese spy. The Wall Street Journal reported that Huang had previously berated Kress in a summer meeting, calling her "a deer in the headlights" and suggesting she was better suited to reporting numbers than shaping strategy. Kress had also reportedly pushed back on some of Huang's decisions, including scaling back Nvidia's commitment to a large OpenAI data center deal and questioning financing arrangements tied to customers who couldn't afford Nvidia's chips.

WSJ: Jensen Huang privately doubted CFO Collette Kress before she became interim Nvidia CEO

The Wall Street Journal reports, citing an anonymous source, that former Nvidia CEO Jensen Huang called CFO Collette Kress 'a deer in the headlights' during a summer finance meeting about billions in guarantees for data center operators. He reportedly also said she couldn't help him with strategy or decision-making. Kress, who has worked at Nvidia over 13 years, has now taken over as interim CEO following Huang's resignation after reports of extramarital affairs and a Chinese espionage investigation.

Effingham County residents file RICO lawsuit over OpenAI's $30B Project Camellia

Three Effingham County, Georgia residents have filed a civil RICO lawsuit against county commissioners, officials, OpenAI, and related entities tied to the planned Project Camellia data center. The suit alleges fraud, concealment via non-disclosure agreements, improper land deals, zoning violations, and a conspiracy to push the project through closed-door decisions, claiming it has already lowered nearby property values and scared off buyers.