2024-02-28 09:00:07
The most powerful boss in tech
Between February 21 and 22, Jensen Huang earned $10 billion (€9.246 billion). In the space of twenty-four hours, the fortune of the 61-year-old entrepreneur increased from 59 billion to 69 billion dollars thanks to the success of his semiconductor company, Nvidia. In the last quarter of 2023, sales of the firm, which produces graphics chips essential to the operation of new artificial intelligence models, increased by 265%. Its $22 billion in revenue in just three months allowed the new tech juggernaut to be valued at $2,000 billion, more than Amazon and Google. Fields as varied as the autonomous car industry, pharmaceutical laboratories and financial institutions now call on Jensen Huang’s company.
A super student
Jensen Huang compares his ease of doing homework in middle and high school to ” Super power “. This brilliant student, born in Taiwan in 1963, arrived in the United States before the age of 10, without his parents. Placed in a boarding school in Kentucky by his uncle, the young boy finally joined his father and mother when they managed to settle in Oregon. He excelled at table tennis, skipped two grades and excelled in his engineering studies at the public University of Oregon before joining Stanford University in California. With Chris Malachowsky and Curtis Priem, Jensen Huang imagines Nvidia in April 1993. As in the best tech legends, the three co-founders say that the company was created over breakfast at Denny’s, a chain of diners very popular Americans. At the time, artificial intelligence was only a science fiction dream and video games were still a niche hobby.
A geek before his time
In 1995, two years after its creation, Nvidia came close to bankruptcy due to the launch of its first processor, which cost around $10 million to develop. Almost no company is interested in this product which can significantly improve the graphics of video games. Jensen Huang is forced to lay off half of his eighty employees. But, in 1997, Nvidia’s third chip, the RIVA 128, four times more powerful than other graphics cards of the time, sold 1 million copies in a few months. The company is taking off and its chips are supporting the development of famous game consoles, such as the PlayStation.
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