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21.10.2023 11:10, Pavel Kotov
NVIDIA CEO Jensen Huang, considered one of the most visionary leaders in the technology industry, said that the creation of the company turned out to be “a million times more difficult than I expected”. In his opinion, “no one in their right mind would do this”knowing in advance of the personal damage involved.
Image source: nvidia.com
Jensen Huang was born in Taiwan 60 years ago; When he was a child, his family moved first to Thailand and then to the United States. The decision to create NVIDIA was made in 1993 at a meeting with two other founders at a Denny’s restaurant in San Jose, California. Before this, Huang worked at AMD and LSI Logic; Now he insists that he would not create his own company if he were 30 years old again.
In a recent interview with the Acquired podcast, the NVIDIA leader said that the main “superpower” of an entrepreneur is the ability to fool himself into believing that “It’s not that difficult”. His biggest fear is not being able to support his employees on the path to success, and this has been an issue that has plagued him since the company’s founding: new employees joining the company eventually begin to believe in its vision and accept NVIDIA’s aspirations as their own. Well-established in the company “support network” helped his employees never give up on him in 30 years, Huang says, and that helped NVIDIA become what it is today. Although he himself had “unbearably difficult”for example, after the company went public in 1999, when its shares seemed to go into free fall.
NVIDIA shares are still falling today, due to another package of anti-Chinese sanctions imposed by Washington – they directly affected the company, although over the previous 12 months the video card manufacturer’s securities had risen in price by 245%. NVIDIA owed this growth, of course, to the boom in artificial intelligence technologies – it is the world’s largest manufacturer of AI accelerators. “The market opportunity has probably grown a thousandfold.”— assured Huang.
AI will fundamentally change the labor market, says the head of NVIDIA: new jobs will appear in the near future, but because of the same AI, some jobs are expected to be eliminated. “Net job creation obviously does not guarantee that no one will be laid off. This is an obvious truth. It’s more likely that someone will lose their job to someone else working with AI.”, says the CEO of NVIDIA. And to protect himself, he advised people “learn to use AI”.
At the same time, NVIDIA itself reflects the features of the products it sells: the company is structured as “computational stack”. There is no military vertical hierarchy in it – it is rather “neural network” with a decentralized structure, because “an organization must have a mechanism architecture for creating a product”.
2023-10-21 08:10:00
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