TECH NEWS

Meet Colette Kress, Nvidia’s New Interim CEO

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Nvidia’s CEO and cofounder Jensen Huang is officially out, and longtime chief financial officer Colette Kress is in. The chipmaker’s board of directors announced Thursday that Kress, who joined Nvidia in 2013, has been named interim CEO following Huang’s resignation amid a scandal over his extramarital affair with a Chinese businesswoman believed by US officials to be an asset of China’s Ministry of State Security.

Harvey Jones, the newly appointed chair of Nvidia’s board, said in a statement that Kress “has helped lead Nvidia through a period of extraordinary growth and has a deep understanding of our business, customers, operations and financial position.” He added that Kress will be supported by an “experienced leadership team” and that the board has “full confidence” in her.

Kress was among the most obvious candidates to fill the void after Huang’s departure, according to multiple tech executives and industry analysts who follow Nvidia...

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US data center power demand outpaces supply by 10x and could bring the AI boom to a grinding halt by 2030 — with AI companies funneling millions into gas turbine generators and modular nuclear reactors to stay online

* United States data center power demand currently outstrips supply by ten times * The problem could cause the AI boom to collapse by 2030 if new power sources are not brought online * AI companies are turning to nuclear reactors and gas turbine generators to bring new developments online, but they have