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Back"I'm trash!" Bloomberg reveals Huang Yanxun's thoughts before stepping down
"I'm trash!" Bloomberg reveals Huang Yanxun's thoughts before stepping down
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自由时报17 minutes agoBusiness3 min readChinaView original

"I'm trash!" Bloomberg reveals Huang Yanxun's thoughts before stepping down

People familiar with the matter revealed that Huang was mentally and physically exhausted before resigning and once mocked himself as "just garbage."

Quick Look

  • Huida CEO Huang Renxun resigned from his CEO and other positions on Thursday (12th) due to scandals involving extramarital affairs with multiple women.
  • Previously, the Financial Times and the New York Times successively reported on his relationship with a suspected Chinese spy and the vice president of Huida Healthcare.
  • After a board investigation, Huang admitted the extramarital affair and resigned, ending his career in leading the company to become an AI chip giant with a market value of several trillion US dollars.

AI-generated summary

Why It Matters

Huang Renxun led Huida to develop into an AI chip giant with a market value of several trillion US dollars. He is famous for his attention to details. He has met with US President Trump and influenced global technology policy.

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Huida CEO Jen-Hsun Huang. (AFP file photo)

[Financial Channel/Comprehensive Report] Huang Renxun, CEO of Huida, sadly resigned from the company's CEO and other positions on Thursday (12th) due to the extramarital affair scandal. People familiar with the matter revealed that Huang Renxun seemed exhausted before announcing his resignation. His past vitality was long gone. His previous attitude of controlling everything disappeared. He began to say things like "whatever" and "I don't care", and even said self-deprecatingly that he was "just garbage."

"Bloomberg" reported that Huang Renxun spent decades building Huida into an AI chip giant with a market value of several trillion US dollars, and was famous for his attention to detail, from the chip architecture to the salary of the company's most junior employees. However, now it seems to those around him that he has given up.

For this rich man and technology giant who was still a representative figure in the global AI field two weeks ago, the speed of his demise is simply shocking. Huang has conquered U.S. President Trump with his forthrightness and energy, influenced global science and technology policy, and attracted countless followers during his visits to various countries.

After news broke in late October that Huang had a close relationship with a woman suspected of being a Chinese spy, he was still in good standing. Most of the board members, who are Huang's long-term investors, business partners and friends, were unwilling to take any action or even comment publicly on the matter.

Most media also avoided talking about Huang's relationship with suspected spy Huang Le, who also denied to friends and colleagues that he had been unfaithful to his wife. In his final interview as CEO, Huang emphasized that his relationship with Huang Le was no different from his relationships with other Chinese clients and senior executives, and that everything was normal and nothing unusual.

However, the turning point came last Friday (6th) when the Financial Times quoted a US official as reporting that the relationship was a love relationship. Subsequently, Huida's legal director, Tim Teter, personally went to Huang Renxun's residence to confront him, and Huang Renxun admitted the matter. Most board members reportedly still didn't want to take a public stance at the time, but Tate insisted they had to take action.

After Huida's board of directors announced an investigation into the allegations, Huang sent an email to all company employees on Sunday (8th), admitting the extramarital affair and vowing to "fully cooperate" with the board of directors' investigation.

As the scandal unfolded, evidence emerged that it distracted Huang from the heavy workload of the company. Under Huida's unique organizational structure, Huang Renxun has about 60 senior managers who report directly to him. Normally, the entire company must submit an email containing the five highest priorities. Huang Renxun will use this to confirm that everyone is doing what he considers the most important. Typically, Huang responds immediately, day or night, but in recent days it has taken longer and longer to respond.

On Wednesday (11th), the New York Times reported that Huang had another extramarital affair with Kimberly Powell, Vice President of Favida Healthcare. The board acted quickly this time, with directors meeting remotely Wednesday and into the night. In the end, Huang Renxun had no choice but to resign, completely ending his relationship with Huida Company.

According to people who have spoken to him recently, Huang has expressed remorse, calling himself a "piece of sh--" and claiming that he no longer cares about his fate. People familiar with the matter said Huang said he cared most about his wife and not "ruining" the lives of women with whom he was romantically involved in the public imagination.

What to Watch

AI outlook — possibilities, not facts

  • Huida's board of directors will announce the candidate for the new CEO shortly.

    Likely · Within weeks

  • Board's findings into extramarital affair allegations to be made public

    Likely · Within weeks

Open Questions

  • Who will take over as CEO of Huida after Huang Renxun resigns?
  • How will the specific results of the Board's investigation be announced?
  • What is the specific impact of this scandal on Huida's long-term business?

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This article was originally published by 自由时报.

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