00:00The big story that we are breaking at the moment, Jensen Wang has stepped down as the CEO of NVIDIA,
00:05the world's richest company president and board member with immediate effect after multiple
00:11affairs scandals have come out in the public domain. Colette Kress, current executive vice
00:16president and chief financial officer of NVIDIA has agreed to serve as an interim chief executive
00:22officer. Trump has pitched Tim Cook, former of Apple's name as a replacement, saying now that
00:28NVIDIA CEO Jensen Wang, who has done a fantastic job, has resigned. There is only one man to take
00:34his place, Tim Cook of Apple. Let's go straight across to get the very latest on that big story.
00:41Remember, NVIDIA is the company that's driven that AI race. Rohit Sharma is our man on the spot in
00:46Washington, D.C. Rohit, give us the kind of early reactions that are coming to this news. Was it
00:53expected or has it taken everyone by surprise that Jensen Wang has handed in his papers?
00:59It's not surprising, Rajdeep. I think he was under a lot of pressure, especially after the second
01:04scandal that had emerged over the weekend, where Jensen Wang was also in an inappropriate relationship
01:10with a top executive at NVIDIA. And also the fact that we've got Congress back in town.
01:16We've heard from senators who've said that they would be investigating it, what had happened.
01:22And remember this, Rajdeep, this AI race that both China and the U.S. are fighting. The chips are the
01:29important component of it. And we've got export controls on these chips. What NVIDIA was doing
01:34and what Jensen Wang ended up doing with Ellis Wang is allowed a backdoor for these chips to be
01:40exported out to a third country where it could be then used and leased by the Chinese. And I think
01:45that is a very important thing. It is a security lapse. It is an intelligence failure. This lady was
01:52with Jensen Wang for more than a year and a half. The intelligence officials knew about it. They had
01:56alerted the State Department, the White House. And even after that, you know, he continued to serve in
02:02this role for such a long time. So there will be multiple investigations, not only by the Congress,
02:07there's going to be one by the CIA. There's going to be all intelligence agencies, also an internal
02:13world with NVIDIA. So I think this was on the expected lines and exposes, Rajdeep, how deep the
02:18Chinese have infiltrated in the U.S.
02:24I'm just going to hold your thoughts. Thanks very much, Rohit, for joining us.
