Korean AI startups fear Huang exit could delay planned NVIDIA investments
Korean AI startups that NVIDIA named for direct investment only days ago are worried that Jensen Huang's exit could delay or change those plans, The Chosun Daily reports. At a forum with Korea's science ministry on 9 November, NVIDIA announced an investment in Point Two Technologies and plans to invest directly in Upstage, Motif Technologies and RLWRLD. The size and timing of the three investments have not been disclosed, and the deals are not finalised.
The paper says physical AI startups could be hit hardest, because Huang personally drove that market's growth. Others expect existing collaborations to continue, and one industry insider said a change of chief executive will not make NVIDIA's ecosystem "crumble." NVIDIA named chief financial officer Colette Kress interim chief executive on 12 November.
- Nov 12 Huang's exit puts extra pressure on Anthropic's IPO next week, investors tell Fortune
- Nov 12 Jensen Huang agrees to testify before Congress by Thanksgiving
- Nov 12 Trump floats Apple chairman Tim Cook as Nvidia's next CEO
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