Before confession in the 'City of Love'

Jensen Huang, the founder and CEO of Nvidia, the key name of the artificial intelligence revolution in the USA, published a confession letter to company employees on Sunday, stating that he cheated on his wife. It was revealed that a week before Huang's confession, he was on holiday in Paris, the 'city of love', with his wife Lori and daughter. The billionaire businessman and his wife of 41 years embraced and posed as a happy family in front of the Louvre Museum and the Palais-Royal (royal palace) in Paris. While Huang's cheerful mood attracted attention in the photos of his European trip shared by his daughter Madison on LinkedIn, these photos created a great impact when the scandal broke out.

'He fell into the honey trap and created a crisis'

The confession of infidelity, which came right after the Paris poses, turned into a 'honey trap' scandal and a national security crisis, far beyond an ordinary love affair (Honey trap is a type of romantic/sexually related conspiracy that intelligence organizations set up by using male or female agents against the people they target in order to obtain sensitive information or blackmail). It was reported that US intelligence determined that Alice Huang, a 41-year-old Chinese woman with whom Huang had a relationship, was an agent working on behalf of the Chinese Ministry of State Security. It was claimed that the woman, a former manager of the Singapore-based data center Megaspeed, aimed to access Nvidia's most advanced artificial intelligence chips through Huang.

FBI launched an investigation

After the scandal broke out, Nvidia's board of directors announced that it had launched an independent investigation, while US President Donald Trump confirmed that his country's federal security agency, the FBI, was also investigating the issue. Politicians also called on Huang to testify in parliament. Trying to maintain his position as CEO of the company, Huang faces a tough test to regain the trust of both his family and the technology world.

From college to 9 billion dollar foundation

Jensen Huang met his wife, Lori Mills, while studying electrical engineering at Oregon State University in the early 1980s. Their friendship, which started in the same laboratory, ended in marriage in 1985. The couple has two children, Madison and Spencer, who work at Nvidia. Lori Huang is the chairman of the family-owned Jen-Hsun & Lori Huang Foundation, which is worth more than $9 billion.

200 billion dollars melted

Nvidia shares fell, investors filed a lawsuit

Shares of Nvidia, the world leader in artificial intelligence chips, fell sharply following allegations of espionage and deception against CEO Jensen Huang. Huang's confession in a letter to his relationship with Alice Huang, who is alleged to be linked to Chinese intelligence, created a huge earthquake in the markets. Nvidia shares lost 4.3 percent of their value on a day when global stock market indices generally rose. With this harsh sales wave, approximately 200 billion dollars disappeared from the company's market value.

Investors: He deceived us too

After the scandal was reflected in the markets, the aggrieved investors initiated legal proceedings. In the petition submitted to the Northern District Court of California, it was argued that Nvidia and CEO Jensen Huang misled investors in violation of the Securities Exchange Act. The plaintiffs alleged that national security risks were being concealed that threatened the company's reputation and business future. Stating that the allegations that the chips were directed to China were hidden despite the sales restrictions, investors demanded compensation for their losses.

How will the wealth be divided in case of divorce?

According to the laws of the US state of California, where the couple Lori (65) and Jensen Huang (63) live, all property acquired during the marriage is considered joint property and the spouses can claim half the rights in case of divorce. According to experts; If the couple does not have a prenuptial agreement, Lori Huang could be entitled to half of the 670 million shares (worth about $60 billion). If the couple divorces, it is expected that they will agree on the sharing of their huge wealth.