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BREAKING: Nvidia, $NVDA, CEO Huang has said he has been unfaithful to his wife. Here is his letter: To my colleagues at NVIDIA, I owe my family and all of you an apology. I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did. I am deeply sorry. Throughout my life, my family has given me love and support. They deserve my honesty and loyalty. Instead, I let them down and damaged the life we built together. I take full responsibility for what I did and the hurt I caused, and I accept the criticism that comes with it. To my wife and family: I love you. I know an apology cannot undo what I have done. I hope our family will heal and that, over time, I can earn back your trust. To my colleagues at NVIDIA, including those I have worked alongside for decades, and to our board, partners, and shareholders around the world: you deserve better from me. Leading NVIDIA is the privilege of my life. My responsibility is to serve you and be worthy of your trust. I have fallen short of that responsibility. I am fully committed to NVIDIA and will work to earn back your confidence. Regarding the national security concerns raised in news reports, NVIDIA’s Board of Directors has initiated an independent investigation. I support the investigation and will cooperate fully. I love our country and our company. I am committed to protecting NVIDIA and supporting America’s national security. I am proud and grateful to be an American. My family bears no responsibility for my choices. I do. Please give them privacy.

The AI layoff gamble is backfiring. Companies that rushed to replace workers with AI are now cleaning up the mess, per The Guardian. Meta scaled back plans to cut staff and use more AI agents after employees spent growing time cleaning up the agents’ technical and security errors. It’s now rehiring managers. Microsoft and McKinsey are limiting employee AI use as costs pile up. Walmart workers say AI scheduling and task tools set impossible standards and generate false alerts. The payoff isn’t showing up: 90% of executives say AI hasn’t yet boosted productivity at their companies, per an Atlanta Fed working paper. Yet more than 112,000 US job cuts this year have cited AI, per Challenger, Gray & Christmas.