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Binance targets full reopening of withdrawals by next week
Binance is set to restore withdrawals across all networks and assets by the end of next week. This decision comes after recovering 95% of the $6.3 billion lost in the October hack, which the FBI attributes to North Korean actors, though the nation denies any involvement. Binance pledges to fully reimburse affected clients as operations return to normal.
Binance targets full reopening of withdrawals by next week
Binance is set to allow withdrawals for all remaining networks and assets by the end of next week, following a major security breach last month that led to a staggering $6.3 billion theft. Earlier this week, the exchange resumed withdrawals for 87 networks, covering 95% of the tokens taken. The FBI has tied the hack to North Korea, a claim that the regime disputes.
Tesla invites select customers to buy Cybercab for personal use at $29,990
Tesla has announced an opportunity for select customers to purchase the Cybercab for personal use. This vehicle, priced at $29,990, includes an autonomy subscription of $299 monthly. Chief Executive Elon Musk indicated that costs should be aligned with the existing Tesla models' monthly fees. The EV maker plans to begin selling Cybercab robotaxis to the public by the end of this year.
Nvidia has talent to thrive without Jensen Huang; Tae Kim backs Rene Haas, Ian Buck as CEO successors
Nvidia can continue to thrive despite the departure of its long-time chief executive Jensen Huang, with two senior technology executives emerging as potential successors, according to Tae Kim, author of 'The Nvidia Way', who believes the company's future does not depend solely on its iconic leader.
PM Modi to inaugurate golden jubilee celebrations of Prashanti Kutiram in Bengaluru today
Prime Minister Narendra Modi is set to attend the Golden Jubilee Celebrations of Prashanti Kutiram on Friday. He will also participate in the Birth Centenary Commemoration of author H. V. Sheshadri during the event. Dattatreya Hosabale, the General Secretary of Rashtriya Swayamsevak Sangh, will be a distinguished guest at this occasion. Additionally, he will virtually lay the foundation stone for a new Compressed Bio-Gas plant in Bengaluru.
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Texas Instruments, Microsoft, Cisco, then Nvidia: The finance career behind Colette Kress, Nvidia’s new interim CEO after Jensen Huang’s resignation
Colette Kress Nvidia: Colette Kress has taken over as Nvidia’s interim CEO following Jensen Huang’s resignation. Before joining the chipmaker in 2013, she held senior finance positions at Texas Instruments, Microsoft and Cisco. Here’s a look at her career, education and rise to the top of Nvidia.
Jensen Huang's Silicon Valley home cost $6.9 million in 2003; it included six bedrooms and a resort-style pool; here's what made it special
Much attention has also shifted to Jensen Huang's personal life and the properties he owned. His real estate investments date back to a time when Nvidia was still years away from its AI-driven rise. Huang and his wife, Lori Huang, bought the Los Altos Hills home in 2003 for $6.9 million. They have also invested in other luxurious properties in California and Hawaii.
Colette Kress takes charge as Nvidia CEO, tells employees, ‘Let’s move forward together’
Kress sent her first message to Nvidia employees after taking charge of the company. In the email, reported byThe Verge, Kress acknowledged that Nvidia had gone through an “extraordinarily difficult period” and thanked employees for their resilience, professionalism and continued support. She also announced a company-wide meeting scheduled for November 18 at 9 am PT (10:30 PM IST).
'Jensen Huang didn't do anything without her': Why insiders say Colette Kress was Nvidia's quiet power centre
The company's board announced that Jensen Huang had resigned from three positions. Colette Kress, current Executive Vice President and Chief Financial Officer of NVIDIA, had agreed to serve as Interim Chief Executive Officer. It was said in an official press release that Jensen's contributions to NVIDIA are profound. The Board and the company thanked him for his immeasurable contributions.
US stocks: Nvidia shares plunge 13% after Jensen Huang quits as CEO; Colette Kress named interim chief
Nvidia shares plunged 13% after co-founder Jensen Huang resigned as CEO and board member with immediate effect. CFO Colette Kress was named interim chief executive while the board searches for a permanent successor, with Harvey C. Jones appointed Nvidia’s first independent board chair.
Who is Indian-origin Aarti Shah, who decided Jensen Huang’s fate along with other Nvidia board members?
Jensen Huang has stepped down as the CEO of Nvidia after a long tenure of 33 years. Colette Kress, the chief financial officer, will be acting as the interim CEO during this transition. The board of directors is now involved in the search for Huang's permanent successor. Here's a look at Indian-origin board member Aarti Shah and the other directors involved in the company's leadership transition.
Not even a board seat: Jensen Huang walks away from every formal role at the company he founded in a Denny's booth
The company said that Jensen Huang had resigned from three positions. It included the President of Nvidia, Chief Executive Officer, and a member of the Board. The board initiated a search for a permanent Chief Executive Officer and would consider internal and external candidates. The Board and the company thanked Jensen for his immeasurable contributions to the company and the industry.
Meet Colette Kress, Nvidia CFO taking over as interim CEO after Jensen Huang's exit
The company announced in a press release that Kress will take charge as CEO while continuing to serve as its CFO until the board finds a permanent successor. Nvidia has said it will consider both internal and external candidates for the top job.
Nvidia after Huang: Who is interim CEO Colette Kress?
Colette Kress has been appointed as the interim CEO of Nvidia after the sudden departure of Jensen Huang. Kress joined Nvidia in 2013 as CFO, contributing to its significant revenue growth during her tenure. Before Nvidia, she gained experience at Texas Instruments, Microsoft, and Cisco in various financial roles. Forbes ranks her among America's richest self-made women, with her shares valued at approximately $750 million.
'Profound' contributions, and not a word about why: What Nvidia's resignation statement leaves out
It was announced that Nvidia's Executive Vice President and Chief Financial Officer, Colette Kress, has been appointed interim CEO. This comes after it was revealed that Jensen engaged in two extramarital affairs. One with an alleged Chinese intelligence operative and another with a subordinate executive. This came after it was reported that Huang had maintained an undisclosed relationship with Kimberly Powell.
Meet Colette Kress, Nvidia's new interim CEO as Jensen Huang resigns: Her education, qualification, career and more
Nvidia CFO Colette Kress has been named interim CEO of Nvidia after Jensen Huang stepped down from the leadership role. A finance graduate with an MBA, Kress joined Nvidia in 2013 after working at Microsoft, Cisco and Texas Instruments. Here's a look at her education, qualifications and nearly 25-year career in the technology industry.
Colette Kress net worth: Nvidia's interim CEO is one of America's richest self-made women
In a significant corporate shift, Colette Kress has taken on the role of interim CEO following Jensen Huang's resignation while also maintaining her responsibilities as CFO. Kress has been pivotal in navigating Nvidia through the AI revolution, establishing herself among America's wealthiest self-made women. She has a strong finance background, joining Nvidia in 2013 after stints at Microsoft and Cisco.
Jensen Huang exits Nvidia after 33 years: What the company said about the shock move
Nvidia has announced the resignation of Jensen Huang from all his leadership positions within the company. Colette Kress has been appointed as the interim CEO while a search for a permanent successor begins. Kress will maintain her roles as executive vice president and CFO during this transition period. The board expressed full confidence in Kress and her ability to lead the company forward.
Who is Jay Puri? The Indian-origin executive who may become Jensen Huang's successor at Nvidia
Jay Puri, a seasoned executive with Nvidia since 2005, has transitioned from his executive position to assume the role of senior adviser. With a notable academic foundation from institutions like the University of Minnesota, Caltech, and Harvard Business School, Puri has made significant contributions in various leadership roles. As discussions regarding Jensen Huang's potential succession gain momentum, Puri's credentials position him as a prominent figure.
Shree Cement to invest Rs 7,000 crore in Andhra Pradesh; plans plants in 3 districts
Shree Cement Ltd plans to invest Rs 7,000 crore to establish cement plants in Andhra Pradesh. The company will set up facilities in Kadapa, Anakapalli, and Guntur districts. This decision comes after incentives from the coalition government led by Chief Minister N Chandrababu Naidu. Shree Cement aims to increase its production capacity beyond 80 million tonnes in the near future.
Who is Colette Kress? Meet Nvidia's longtime CFO reportedly emerging as a favourite for interim CEO as Jensen Huang faces ouster
Nvidia is currently navigating a leadership upheaval as speculation mounts over CEO Jensen Huang's potential ousting. Some board members are eyeing Colette Kress, the chief financial officer, as a promising interim successor. Recent revelations of Huang's extramarital affairs have severely undermined internal trust.
CII summit puts spotlight on Naidu's importance as key NDA ally, Centre's show of strength
The CII Partnership Summit is scheduled for November 12-13 in Visakhapatnam, featuring key Union ministers and the Vice-President of India. This event aims to solidify N Chandrababu Naidu's role as a crucial ally of the NDA. Naidu will deliver the keynote address while discussions will focus on various economic issues. Ministerial participation will showcase potential investment opportunities in Andhra Pradesh.
"Certainly not going to indulge in any finger pointing": Hegseth after JD Vance links Iran war to GOP midterm losses
US Secretary of War Pete Hegseth addressed concerns regarding military actions and ongoing impeachment efforts. He emphasized that military operations in Iran and other regions were lawful and necessary. Hegseth dismissed the impeachment resolution introduced by Representative Thomas Massie as a political stunt driven by personal motives. Despite criticism, he maintained the significance of the military's role in national security.
'No ordinary CEO': Why the AI race cannot do without Nvidia's Jensen Huang
Nvidia CEO Jensen Huang’s influence extends beyond chip supply, making him a central figure in the global AI industry. The company’s dominance in AI processors, investments across the sector and Huang’s close control over its strategy have raised concerns about the risks of depending heavily on one executive.
'No ordinary CEO': Why the AI race cannot do without Nvidia's Jensen Huang
The star power that 63-year-old Huang draws as the gatekeeper to Nvidia's chips shows how badly the AI industry is leaning on him for the graphics processing units that train models and run services such as ChatGPT.
Nvidia controversy stokes export scrutiny risks for South Korean chipmakers
Samsung Electronics and SK hynix could experience greater export compliance challenges due to Nvidia's scrutiny over AI chips. US authorities have not announced new regulations yet, but potential measures might emerge. Chief Executive Jensen Huang's personal matters have spurred investigations into Nvidia's business dealings. A closed-door inquiry is scheduled to review security frameworks and contacts with foreign entities.
Woman becomes first AMU students' union vice-president in 105-year history
In a groundbreaking development, women candidates have triumphed in the AMUSU elections, securing six out of thirteen positions. Famous for her landmark achievement, Nashra Naim has become the first female vice-president of the student union. These elections, which resumed after an eight-year break due to protests, were marked by a peaceful atmosphere.
Air Marshal Ashutosh Dixit takes over as Chief of Air Staff after A P Singh retires
Air Chief Marshal Ashutosh Dixit has officially taken charge as the new Chief of Air Staff. He succeeds Air Chief Marshal A P Singh, who completed an impressive 43-year career. Dixit is a veteran fighter pilot with over 3,500 hours of flying experience across various aircraft. He previously held the position of Vice Chief of the Air Staff before this appointment.
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