I dreamed up my tech business in a Denny’s – it’s worth $960billion, more than Facebook & Tesla and you use it everyday
NVIDIA’S Chief Executive Jensen Huang had dreamt up the idea for the company on his 30th birthday while in a Denny’s.
Nvidia is known for developing integrated circuits, which are used in most electronics, from handheld consoles to PCs.
And since being founded in 1993 by Huang and two co-founders –Chris Malachowsky and Curtis Priem – the company has become one of the most valuable in the world.
At the time of publishing, the company’s worth is just shy of the trillion-dollar mark.
Currently, it’s sitting at $963billion – making it more valuable than both Facebook and Tesla.
A timeline of the company’s journey was described this past weekend in a Twitter thread by user Peter Yang (@petergyang).
NVIDIA’S JOURNEY
“Nvidia invented the graphics processing unit (GPU) back in 1999,” Yang tweeted.
“Its GeForce series was a perfect fit for PC and console games that demanded high fidelity graphics.”
Fast forward to 2007, and the company’s three innovating founders launched the CUDA computing platform.
This made it easier for people to program GPUs, as well as easier for A.I. to adopt Nvidia’s chips, Yang explained.
What’s more, these GPUs are also suitable for the data processing and model training demands of generative AI.
“The world has $1trillion of data center installed, and it used to be 100 percent CPUs,” Huang told analysts once on a conference call, per MarketWatch.
“The easiest way to think about that is over the next four or five, 10 years, most of that trillion dollars, and compensating adjusting for all the growth in data center still, it will be largely generative AI,” Huang said.
A SUCCESS STORY
Today, the company has more than 30 years of innovation under its belt.
More than 3.8 million developers help to build thousands of applications for enhancing computing.
And worldwide, more than 35,000 companies use NVIDIA AI technologies.
Of course, this is only expected to grow as the tech industry continues to drive the world towards AI.