How Nvidia became an AI giant
Tech giant Nvidia is now worth over $3.2 trillion, with its dominance as a chipmaker making it the poster child of the artificial intelligence boom
LOS ANGELES — It all started at a Denny’s in San Jose in 1993.
Three engineers — Jensen Huang, Chris Malachowsky and Curtis Priem — gathered at the diner in what is now the heart of Silicon Valley to discuss building a computer chip that would make graphics for video games faster and more realistic. That conversation, and the ones that followed, led to the founding of Nvidia, the tech company that soared through the ranks of the stock market to briefly top Microsoft as the most valuable company in the S&P 500 this week.
The company is now worth over $3.2 trillion, with its dominance as a chipmaker cementing Nvidia’s place as the poster child of the artificial intelligence boom — a moment that Huang, Nvidia’s CEO, has dubbed “the next industrial revolution.”
On a conference call with analysts last month, Huang predicted that the companies using Nvidia chips would build a new type of data center called “AI factories.”
Huang added that training AI models is becoming a faster process as they learn to become “multimodal” — able to understand text, speech, images, video and 3-D data — and also “to reason and plan.”
“People kind of talk about AI as if Jensen just kind of arrived like in the last 18 months, like 24 months ago all of a sudden figured this out,” said Daniel Newman, CEO of The Futurum Group, a tech research firm. “But if you actually go back in time and listen to Jensen talking about accelerated computing, he’s been sharing his vision for more than a decade.”
The Santa Clara, California-based tech company’s invention of the graphics processor unit, or GPU, in 1999
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