NVIDIA (NVDA.O): CEO Jensen Huang has resigned as president, CEO and member of the board, effective immediately.

NVIDIA (NVDA.O) said Jensen Huang resigned as president, CEO and board member effective immediately. The board named Colette Kress interim CEO; she will continue as executive vice president and chief financial officer. Harvey C. Jones was appointed the company’s first board chair. The board has opened a search for a permanent CEO and will consider internal and external candidates. NVIDIA shares fell about 11% in premarket trading on the announcement.

Uforce, a London-headquartered defence start-up founded in Ukraine, raised $700m in a financing round co-led by the UK National Wealth Fund (NWF) and Valor Equity Partners. NWF invested $150m, its largest defence-sector commitment to date, valuing Uforce at $6bn. Uforce, formed in 2022 from several Ukrainian developers of drones, unmanned vessels and counter‑UAS systems, said it will use proceeds to expand production in Ukraine and R&D centres in the UK, US and Germany.