The week’s biggest technology stories brought leadership changes, fresh bets on private space companies and a cybersecurity warning.
Nvidia dominated the headlines after its longtime chief executive stepped down. The company also began looking beyond its own ranks for a permanent successor.
Elsewhere, Josh Kushner increased his fund’s SpaceX exposure, while a Microsoft outage affected more than email tools. TSMC separately disclosed an employee data exposure, though it said operations remained unaffected.
Nvidia’s Leadership Surprise
Jensen Huang resigned as NVIDIA’s president, chief executive officer and board member, effective immediately, ending a 33-year run at the chipmaker he co-founded. Chief Financial Officer Collette Kress was named interim CEO as the company begins its search for a permanent replacement.
Thrive Capital Doubles Down On SpaceX
Josh Kushner’s venture capital firm, Thrive Capital, added 27.9 million shares of SpaceX during the third quarter, according to newly released filings. The purchase represented a 148% increase from the firm’s second-quarter holdings.
Nvidia Eyes An Arm Insider
NVIDIA’s board approached Rene Haas, chief executive officer of Arm Holdings plc, as it searches for Huang’s permanent successor, the Financial Times reported, citing people familiar with the matter. Haas has led Arm since 2022 and previously spent seven years at NVIDIA.
Microsoft’s Outage Reached Security Tools
An incident report maintained by the University of Pennsylvania’s IT department said Microsoft’s disruption extended beyond Outlook and productivity services. Affected functions included Microsoft Defender for Office 365, Microsoft Defender XDR and Microsoft Purview, according to Microsoft service disclosures.
TSMC Confirms Employee Data Exposure
Taiwan Semiconductor Manufacturing Co. said information belonging to current and former employees appeared without authorization on an external website through a cloud provider. The company said its internal systems, production operations and customer information were not compromised.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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