The chief executive is stepping down from the helm of the chip manufacturer he co-founded 33 years ago following revelations of two extramarital affairs, one of which was with a senior Chinese executive at Megaspeed, who is suspected of being a Chinese spy. Colette Kress, the current executive vice-president and CFO, will take over on an interim basis.

Jensen Huang and senior executives from companies including Apollo, BlackRock and Goldman Sachs have announced a memorandum to raise over $500 billion. The funding will come from external sources and each project will be assessed independently, but the core technology will remain that of Nvidia

Jensen Huang is calling on Washington not to shut down open models. But the real battle is being fought further down the line, in vertical niches, and it is essential not to get bogged down in excessive regulation