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Nvidia CEO Jensen Huang resigns, Machester United and Mississippi (updated)

9m 55s

Nvidia CEO Jensen Huang resigns, Machester United and Mississippi (updated)

NVIDIA CEO Jensen Wang has stepped down amid controversy surrounding an extramarital affair and allegations of ties to a potential Chinese spy, a pivotal moment for the AI industry given his foundational role in shaping the technology revolution. Colette Kress will lead as interim CEO while the company searches for a successor. Meanwhile, political shifts in the U.S. are influencing migration patterns, with nearly 2,000 migrants heading to the U.S.-Mexico border, hoping for easier passage under the new Democratic administration. Democrat Scott Colombe’s victory in Mississippi marks a historic win as the first Black senator in the state since Reconstruction. A deadly apartment building collapse in Brooklyn has left at least eight dead and 17 injured, with rescue efforts ongoing. In Spain, a nationwide strike erupts over a severe housing crisis, with citizens demanding rent control and wealth taxes. In sports, Manchester United has fired manager Michael Carrick after a weak season, with Mauricio Pochettino reportedly set to take over. Democrats are advocating for comprehensive immigration reform, including legal pathways to citizenship and tighter oversight of ICE, though political resistance from the White House—particularly from Chief of Staff Stephen Miller—makes progress difficult. These events reflect broader global tensions in technology, governance, migration, and social stability.

Transcription

1285 Words, 7652 Characters

English
Hi, I'm Kim Vinnell in Whanganui, New Zealand. And I'm Carmel Crimmins in London. It's Thursday, November 12th. Today, NVIDIA CEO Jensen Wang steps down, clouding the future of the AI powerhouse. Migrants head to the US-Mexico border, hopeful the Democrat midterm victory will translate to easier passage. And Manchester United sack their manager after falling into the Premier League relegation zone. This is Reuters World News, bringing you everything you need to know from the front lines in 10 minutes, 7 days a week. When it comes to my policy, Farmers gives it to me straight, so there's no surprises. It's your coverage, you should never be confused. You hear that? An insurance provider with a conscience. We're a choir, but yes, we have that too. Straightforward coverage you can literally understand. That's what you get when. Learn more at Farmers.com. Underwritten by Farmers Truck or Fire Insurance Exchanges or Affiliate. Products not available in every state. Jensen Wang has resigned as NVIDIA CEO. The 63-year-old, who co-founded the company, will not remain on the board. It follows mounting pressure on Wang after the New York Times reported that he had an extramarital affair with his senior NVIDIA executive. who reported directly to him. That followed revelations about Wang's relationship with Alice Wang, a woman U.S. intelligence has said may be a Chinese spy. Wang acknowledged being unfaithful to his wife, but named no names and gave no further details. The company's board had met on Wednesday to consider his ouster. And, as Reuters technology editor Ken Lee explains, Wang's departure will have an impact far beyond the industry. It's sort of like if Elvis left the. building and he was running a $4 trillion company. That's kind of what could be happening here. His significance to not just the company, but also to the global economy, you know, being the provider of chips that have underpinned this whole AI revolution is hard to underestimate. He's been known as a very hands-on manager. There have been stories about how he will get into the technical nitty-gritty, in meetings with clients, in front of these 60 people, and have intimate kind of knowledge of the engineering behind the products that they've made. The company announced chief financial officer Colette Kress will take over as interim CEO as NVIDIA looks for a permanent successor. For the latest on the story, stay across Reuters.com and the Reuters app. Large numbers of police in tactical gear have poured into a Washington, D.C. neighborhood, where police. say an active shooter is barricaded in a building. Local media report at least one person has been killed and multiple people have been wounded. Democrat Scott Colombe has officially won the senator race in Mississippi, defeating Republican incumbent Cindy Hyde-Smith. That's according to U.S. media projections. The 43-year-old district attorney will now become the state's first black senator since the Reconstruction era that followed. the U.S. Civil War. He's also the first Democrat to win a Mississippi Senate seat in more than 40 years. The Senate race in Alaska and 13 races in the House are still to be called. You hear that? Where? A choir, but, yes, we have that, too. You have Farmers. Bum, ba-dum, bum, bum, bum, bum, bum. Even though newly elected lawmakers don't get sworn in till January, the midterms result is already having an impact at the U.S. border. We're going to the U.S. border! border! Nearly 2,000 migrants are heading north from Tapachula, Mexico, with many saying the election result have made getting into the U.S. seem more possible. One of them is Elena Lameda from Venezuela, who says she now has a glimmer of hope. And while Democrats didn't run on opening the border, what could change is how Trump's immigration crackdown is carried out, with promises of greater oversight of ICE and immigration reform. Here's immigration reporter Julia Hart. Democrats are very fired up about reining in some of the more extreme tactics that ICE agents have used. There's also, you know, the spending. ICE has been given an unprecedented amount of money through reconciliation bills in the last couple of years. So the funding it has gives it kind of a blank slate. And it's going to be very difficult for them to actually take back any of the money because that would require legislation that the president could veto. But the third area where Democrats, I think, are excited to try and make some progress is, you know, opening new legal pathways for immigrants to claim permanent residence in the U.S. or even pathways to citizenship for those that are here without legal status. We are ready to go. We are ready to go. Senator Ruben Gallego says the Latino voting bloc has given Democrats an opening to win back trust. And some of that has to start with us pushing hard on immigration reform. That includes potentially cutting a deal with Donald Trump. But Julia says getting a deal won't be easy. Any compromise would still need White House support. And she did point to one person in particular, the new chief of staff, Stephen Miller. He's very ideologically driven by this issue. And with the president primarily listening to him, as it seems he will be doing, the odds of, you know, a compromise being struck the way that it might have been with previous chief of staff, Susie Wiles, or other administration officials does seem more remote. A new Reuters Ipsos poll is offering an early look at the 2028 U.S. presidential field. Among Republicans, Secretary of State. Joe Rubio leads, with 45 percent calling him an excellent candidate, just ahead of Vice President J.D. Vance at 43 percent. On the Democratic side, Georgia Senator John Ossoff and former Transportation Secretary Pete Buttigieg are tied, each getting excellent candidate ratings from 29 percent of Democrats. Emergency workers search for survivors after a three-story apartment building collapsed in Brooklyn. At least eight people have been killed and 17 others injured. It's not known how many people were inside at the time of the collapse. And officials say the search could take days. The four-unit apartment building dates from 1930 and tumbled into an adjoining construction site where excavation work was underway. Spaniards have gone on their first general strike in more than 14 years, angry over a housing crisis. A major housing affordability crisis. From Barcelona to Bilbao, workers, students and tenants took to the streets, holding signs reading, "My rent is killing me," and "Tax the rich." Spain needs about three-quarter of a million more homes, a deficit which is set to grow to more than a million by 2028, according to the central bank. In sports, Manchester United have sacked manager Michael Carrick, with the club currently sitting in the Premier League relegation zone. United have won only three of their 15 matches under Carrick this season. US men's national team coach Mauricio Pochettino is being lined up to replace him, according to British media reports. When it comes to my policy, Farmers gives it to me straight. So there's no surprise. You hear that? You have Farmers. Bum, bum, bum, bum, bum, bum. For more on any of the stories from today, as well as more analysis and news shaping our world, check out Reuters.com or the Reuters app. There's a link in the description to download it and start getting pure news straight from the source. Don't forget to follow us on your favorite podcast player. If you're listening on a smart speaker, just ask for the latest news from Reuters seven days a week. We'll be back tomorrow with our daily headline show. ♪

Podcast Summary

Key Points:

  1. NVIDIA CEO Jensen Wang has resigned amid reports of an extramarital affair and concerns about his relationship with a potential Chinese spy, marking a major shift in the AI industry.
  2. Colette Kress, NVIDIA’s CFO, will serve as interim CEO as the company searches for a permanent successor, highlighting Wang’s deep influence on global technology and AI advancement.
  3. Large numbers of migrants are heading to the U.S.-Mexico border following the Democrat midterm victory, hoping for easier access, though immigration reform remains politically complex.
  4. Democrat Scott Colombe wins Mississippi Senate seat, becoming the state’s first Black senator since Reconstruction and the first Democrat to win a Senate race there in over 40 years.
  5. Emergency search operations continue after a three-story Brooklyn apartment building collapsed, killing at least eight and injuring 17, with recovery efforts expected to last days.
  6. Spaniards launch a rare nationwide strike over a severe housing crisis, demanding rent control and wealth taxes as Spain faces a massive shortfall in affordable housing.
  7. Manchester United has sacked manager Michael Carrick after a poor season, with Mauricio Pochettino being considered as a replacement.
  8. Democrats are pushing for immigration reform, including legal pathways to citizenship and oversight of ICE, but face political hurdles due to White House ideological resistance.

Summary:

NVIDIA CEO Jensen Wang has stepped down amid controversy surrounding an extramarital affair and allegations of ties to a potential Chinese spy, a pivotal moment for the AI industry given his foundational role in shaping the technology revolution. Colette Kress will lead as interim CEO while the company searches for a successor. S.

-Mexico border, hoping for easier passage under the new Democratic administration. Democrat Scott Colombe’s victory in Mississippi marks a historic win as the first Black senator in the state since Reconstruction. A deadly apartment building collapse in Brooklyn has left at least eight dead and 17 injured, with rescue efforts ongoing.

In Spain, a nationwide strike erupts over a severe housing crisis, with citizens demanding rent control and wealth taxes. In sports, Manchester United has fired manager Michael Carrick after a weak season, with Mauricio Pochettino reportedly set to take over. Democrats are advocating for comprehensive immigration reform, including legal pathways to citizenship and tighter oversight of ICE, though political resistance from the White House—particularly from Chief of Staff Stephen Miller—makes progress difficult.

These events reflect broader global tensions in technology, governance, migration, and social stability.

FAQs

Jensen Wang has resigned as CEO of NVIDIA, following reports of an extramarital affair and concerns about his relationship with a potential Chinese spy. He will not remain on the board.

Colette Kress, the company's chief financial officer, will serve as interim CEO while NVIDIA searches for a permanent successor.

Wang's departure is seen as a major shift in the tech industry, given his pivotal role in driving the AI revolution through cutting-edge chip technology and hands-on leadership.

Nearly 2,000 migrants are heading to the U.S.-Mexico border, hoping that the recent Democratic midterm victory will lead to easier access and more lenient immigration policies.

Democrat Scott Colombe won the Senate race in Mississippi, becoming the state's first Black senator since the Reconstruction era and the first Democrat to win a Senate seat there in over 40 years.

Spaniards have launched their first general strike in over 14 years, protesting a severe housing affordability crisis and calling for tax reforms on the wealthy.

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