CONNECT WITH US
Tech

Tech

Jensen Huang's 33-year Nvidia run ends: From one month of payroll to a $5 trillion empire

CNBCTV18 - Tech logo

Published on

Add as a preferred source on Google
Jensen Huang's 33-year Nvidia run ends: From one month of payroll to a $5 trillion empire

For 33 years, Nvidia had only one chief executive. On November 12, that changed.

Jensen Huang has resigned as president, CEO and board member of the world's most valuable chipmaker, effective immediately. CFO Colette Kress will serve as interim CEO while continuing as CFO. Harvey C. Jones, former CEO and executive chairman of Synopsys, becomes the board's first-ever chair. The search for a permanent CEO is open to internal and external candidates.

The company gave no reason for the exit. It came four days after the board opened an independent investigation into reports that Huang was the target of a foreign intelligence effort, and after he admitted to staff that he had been unfaithful to his wife.

Huang co-founded Nvidia in 1993 with Chris Malachowsky and Curtis Priem. The early years nearly ended it. Its first chip flopped, and a $5 million lifeline from Sega bought it about six more months. When the RIVA 128 shipped in 1997, Nvidia had one month of payroll left. The chip sold 1 million units in four months, and Nvidia went public in 1999 at $12 a share.

His defining decision came in 2006. Nvidia launched CUDA, letting developers use its graphics chips for general computing. The payoff took years, and investors saw little return through the early 2010s.

Then in 2012, researchers trained AlexNet on two Nvidia GPUs using CUDA, showing GPUs could cut AI training time sharply. In 2016, Nvidia donated its first DGX-1 supercomputer to a young startup called OpenAI. When ChatGPT launched in 2022, it ran on Nvidia chips.


Source link
Related Topics:Tech

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.