On Monday I told you Nvidia’s founder had run the company for 33 years without a succession plan anyone could name.

Thursday the board had to write one in a morning.

Here’s what happened.

Jensen Huang resigned as president, CEO and board member, effective immediately.

The announcement came four days after the board opened its investigation and said it had confidence in him.

CFO Colette Kress is now interim CEO and keeps the CFO job too.

She has run Nvidia’s finances since 2013.

Harvey Jones, a director since the company’s first year, becomes its first-ever board chair.

The search for a permanent CEO covers people inside and outside the company.

Kress’s first public line was a promise to build on “the extraordinary foundation Jensen created over the last 33 years.”

Here’s how the market took it.

Nvidia fell nearly 14% during the day and closed down 4.3% at $166.19.

CBS puts the value lost since last Friday’s close at almost $500 billion. 💰

Tuesday the company reports earnings with an interim CEO on the call.

Think about that.

The most valuable chip company on earth just did its succession planning in public, in one week.

In October Huang told Bloomberg he hoped the next CEO was already inside the company.

He never said who.

One analyst told CNBC that gap made the stock “uninvestable.”

Let me explain why this is about you.

Most small businesses run the same way Nvidia did, with less money.

One person holds the logins, the client relationships and the way things get done.

If that person is out on Monday, the business finds out what it doesn’t know.

You don’t need a board to fix that.

One page will do.

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AI assistants are sending customers to fake versions of real brands.

That’s the finding from Scrunch, a company that tracks how brands show up in AI answers.

It checked ChatGPT, Perplexity, Gemini, Google’s AI Overviews and AI Mode, and Microsoft Copilot.

17% of Fortune 500 companies had an impostor website cited in an answer.

Here’s the worse number.

In three out of four answers that cited a known impostor, the AI presented it as the brand’s official site.

Scrunch estimates more than 1 million AI answers a year cite sites impersonating real brands.

Its CEO says they show up on questions about refunds, cancellations, account logins and support.

Translation: the moments when your customer is about to type in a password or a card number.

One caveat.

Scrunch sells a tool that detects these impostors, so treat the numbers as a vendor’s count.

The check costs you nothing, though.

Ask three AI assistants for your company’s official website, support contact and refund process.

Click every link they give back.

Speaking of last month…

Reddit’s CEO said Google’s AI answers had stopped sending it visitors.

Now the AI answers are sending some of those visitors to someone else. 👀

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