
FT reports, blow to Trump administration, leading figure of AI boom leaves office
AI-generated summary
Nvidia CEO Jensen Huang has resigned following allegations of extramarital affairs with women who are believed to be agents of Chinese intelligence. CFO Colette Kress is interim CEO. The board of directors is considering potential successors from within and outside the company, and names that have come up include Arm CEO Haas and Kress, NVIDIA Vice President Buck and AMD CEO Hsu. Haas has been Arm's CEO since 2022, and previously spent about seven years at Nvidia.
[New York Current Affairs] The British newspaper Financial Times (FT, electronic version) reported on the 13th that the board of U.S. semiconductor giant Nvidia has contacted Haas, CEO of British semiconductor design giant Arm, as a candidate to replace Jensen Huang, who resigned as CEO. Haas is one of the candidates.
A blow to the Trump administration: the man behind the AI boom leaves the company - NVIDIA CEO resigns
Haas has been CEO of Arm, a subsidiary of SoftBank Group, since 2022, and worked at Nvidia for about seven years before joining the company in 2013. According to reports, he still maintains strong relationships with Mr. Huang and some Nvidia directors.
Huang resigned on the 12th following allegations of extramarital affairs with women believed to be agents of Chinese intelligence agencies. Chief Financial Officer (CFO) Colette Kress is serving concurrently as CEO on an interim basis.
NVIDIA's board of directors will consider candidates from within and outside the company. According to US media, in addition to Mr. Haas and Mr. Kress, the names mentioned include Nvidia Vice President Buck and CEO Su of rival American semiconductor giant Advanced Micro Devices (AMD).
AI outlook — possibilities, not facts
NVIDIA Board of Directors Officially Announces Successor CEO
Likely · Within weeks
It will be interesting to see whether Haas accepts the offer to become NVIDIA CEO.
Possible · Within weeks

According to the Federal Reserve's Financial Stability Report, a survey of market participants found that artificial intelligence (AI) was the most frequently cited risk factor threatening financial stability over the next 12 to 18 months. It has been pointed out that there is a sense of caution about soaring stock prices due to the AI boom, a drop in stock prices due to a decline in corporate profits, and concerns about pressure on corporate finances due to the rapid expansion of AI-related investments. Geopolitical risk, which was the most frequently cited risk in the previous survey, has fallen to 8th place.
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NVIDIA co-founder Jensen Huang (age 63) resigned as CEO and director of the company on November 12th. CFO Colette Kress will serve as interim CEO. The announcement came days after the affair was reported, and the company's stock price fell more than 10%.
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On November 12, NVIDIA announced the resignation of co-founder and CEO Jensen Huang, who served for 33 years. This was four days after the board of directors launched an investigation into an affair with a woman suspected of having ties to Chinese intelligence. CFO Kress was appointed interim CEO, and the stock price at one point fell more than 14%.

The three mega bank groups' September 2026 interim results all recorded record profits due to the Bank of Japan's interest rate hike and strong demand for funds. Total net profit reached 3,530.5 billion yen, an increase of 21.1% from the previous year. Full-year forecasts have also been revised upward, and strong performance continues.
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Fukuoka Financial Group (FFG) is proceeding with a gradual transformation from AI replacement of existing operations to AI-first management, centered on the AI Strategy Group established in 2024. Work on responding to inquiries, checking documents, and formalizing the know-how of veteran bank employees. A regional financial group with total assets of over 32 trillion yen, approximately 6.6 million individual customers, and approximately 280,000 corporate clients.
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