
Insiders report a third extramarital liaison between the resigned CEO; US government is considering replacing Trade Secretary Lutnick
AI-generated summary
Jensen Huang admitted to an extramarital affair on November 8 without naming anyone. Over the weekend, a connection to Alice Huang, who is accused of working for Chinese intelligence, was revealed. US authorities are investigating. Parliamentarians also criticize Trade Minister Lutnick for inadequate control of AI chip exports to China.
The man who was previously at the helm of Nvidia had more than just an extramarital liaison. Insiders report that Huang is having another affair; the woman is also said to work or have worked at Nvidia. The relationship with a top manager of the company had previously become public.
The resigned Nvidia boss Jensen Huang is said to have had another affair. Two insiders told Reuters that he had an intimate relationship with another employee. It would be Huang's third extramarital affair that has become known since the weekend. Nvidia declined to comment.
Huang has since resigned as CEO of the leading AI chip developer. An affair with Alice Huang became known over the weekend. Not a private matter, because the Megaspeed boss is said to have worked for the Chinese secret service. The US authorities are investigating. In the middle of the week it became public that there was another extramarital liaison; according to a media report, Huang is said to have had a relationship with high-ranking Nvidia manager Kimberly Powell. There is no further information about the person or position of the third woman, who is also said to work at Nvidia.
Jensen Huang admitted to an extramarital affair on November 8th after initial reports about the connection with Alice Huang, but without naming her. It did not comment on any other romantic relationships. Neither he nor a representative of Nvidia's board of directors responded to requests for comment.
The suspicion of espionage is now spreading more and more within the US government. According to insiders, the White House is discussing a replacement for Trade Secretary Howard Lutnick. An increasing number of parliamentarians are accusing the minister of not adequately controlling the export of AI chips to China. They also criticize the government's refusal to put dozens of Chinese companies on an important trade blacklist. However, a government official said US President Donald Trump had “full confidence” in the minister.
Jensen Huang had a short connection with Trump. He now has a successor in mind for Huang: Former Apple boss Tim Cook should take over the job, he wrote on Truth Social. "A legend replaces a legend!" said the president. However, Trump does not have a say in Nvidia's personnel decisions.
AI outlook — possibilities, not facts
The White House will decide whether to replace Commerce Secretary Lutnick.
Possible · Within days
US authorities will continue to investigate allegations of espionage against Alice Huang.
Likely · Within weeks

US Commerce Secretary Howard Lutnick and Nvidia founder Jensen Huang were summoned by Banking Committee Chairman Tim Scott to a public Senate hearing in December. The background is possible Nvidia chip deliveries to China bypassing US export bans. Huang resigned as Nvidia CEO after it emerged that he had a relationship with a woman from China who may have been recruited by Chinese intelligence. Lutnick agreed to attend, and Huang faces a compulsory summons if he fails to appear.

According to Verivox, Chinese electric cars are often almost twice as expensive for fully comprehensive insurance as comparable vehicles from Europe, the USA, Japan and Korea. Depending on the model, the annual costs are up to 870 euros higher. The reason is the insurers' lack of experience with damage frequency and spare part costs.

Audi is planning a plant in Georgia with investments of around four billion dollars, financed by US subsidies. The VW supervisory board is discussing the investment, while the focus is on the dispute over Audi boss Gernot Döllner's election campaign appearance with Donald Trump and the economic viability of the project. A customs deal with the US government could bring customs relief for Audi.

The DAX is 0.2 percent lower at 26,725 points before the Xetra opening on IG Markets, after gaining 0.4 percent to 26,771 points yesterday and gaining for the fourth day in a row. A new record of 27,001 points was broken during the day. EY draws a positive preliminary assessment of the DAX reporting season: the companies earned around 38 billion euros in the third quarter, an increase of 4.6 percent. Deutsche Telekom reported its highest quarterly operating profit at 7.4 billion euros. In the USA, concerns about the AI sector are weighing on prices, with Nvidia shares falling 4.3 percent to around $166. Asian markets stabilized after a turbulent week.

According to Verivox, Chinese electric cars are almost twice as expensive for fully comprehensive insurance as comparable vehicles from Europe, the USA, Japan and Korea. Depending on the model, the annual costs are up to 870 euros higher. The main reason is higher type classes due to the insurers' lack of experience with damage and spare parts.

The US Senate has summoned Nvidia founder Jensen Huang and Commerce Secretary Howard Lutnick to a hearing on the espionage scandal. At the same time, committees in the House of Representatives are demanding statements. A bipartisan majority is forming in Congress for stricter export controls of AI chips to China. The government in Beijing rejects the allegations.