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So says Jensen Huang, who co-founded computer chip company Nvidia with fellow engineers Chris Malachowsky and Curtis Priem from a Denny's booth in 1993. None of us knew how to do anything," Huang recently told "60 Minutes" about the origins of the company. Today, Huang has been Nvidia's CEO for more than three decades, and he's grown the company — through ups and downs — into a $2.2 trillion tech giant that's helping to power the artificial intelligence boom. The co-founders had never run a business before, but Huang — a microprocessor designer — believed they could build a graphics processing unit (GPU) that would revolutionize video games and computer graphics, he said. If Huang could go back to 1993 and do it all again, he'd probably bail on Nvidia, he told the "Acquired" podcast in October 2023.
Persons: Jensen Huang, Chris Malachowsky, Curtis Priem, Huang, , he'd Organizations: Nvidia
Nvidia is increasing employee compensation with a stock grant named after CEO Jensen Huang. The "Jensen special grant" awards an additional 25% of the initial stock grant given to employees. The one-off grant is an extra 25% of the initial amount of stock units given to employees when they joined. The grant is in addition to any annual equity refreshers employees get each quarter that are based on individual performance. One person suggested the special Jensen grant is being handed out to ensure employees still benefit even if the share price falls back in the coming years.
Persons: Jensen Huang, Jensen, , Jensen Huang —, Huang, Jeremy Siegel Organizations: Nvidia, Service, Bloomberg, Microsoft, Apple
Nvidia's stock surge has boosted cofounder and CEO Jensen Huang's net worth. Huang, now worth nearly $70 billion, is close to entering the ranks of the world's top 20 billionaires. Nvidia's share price surge is thanks to a boom in artificial intelligence and impressive company earnings. Since the start of 2022, Nvidia's stock price has increased five times, sending the fortune of cofounder and CEO Jensen Huang skyrocketing. Now worth nearly $70 billion, the 61-year-old Huang — who owns 3.5% of Nvidia — is on the cusp of breaking into the ranks of the world's top 20 billionaires on the Bloomberg Billionaires Index.
Persons: Jensen, Huang, , Jensen Huang skyrocketing, Huang — Organizations: Service, Nvidia, Bloomberg, Business Locations: Santa Clara
AI is having a '1995 moment'
  + stars: | 2024-02-23 | by ( Aaron Mok | ) www.businessinsider.com   time to read: +3 min
Read previewArtificial intelligence is having a 90s-like boom — and one analyst says Nvidia is leading the charge. "This is a 1995 Moment as now the AI Revolution and $1 trillion of incremental spending over the next decade is hitting the software ecosystem and rest of tech sector," Dan Ives, a tech analyst at Wedbush Securities, wrote in a recent analyst note. "The AI Revolution starts with Nvidia and in our view, the AI party and popcorn is just getting started," Ives said. "We started the AI journey with the hyperscale cloud providers and consumer internet companies," Huang said. "We're really just getting started," Huang said.
Persons: , Dan Ives, Ives, Nvidia didn't, Jensen Huang —, Nvidia who's, Huang Organizations: Service, Nvidia, Wedbush Securities, Business, Adobe, Oracle
CNBC's Jim Cramer said Thursday he believes Jensen Huang — the co-founder and CEO of leading artificial intelligence chipmaker Nvidia — is a bigger visionary than billionaire entrepreneur Elon Musk, whose panoply of companies includes Tesla , rocket maker SpaceX and brain-tech startup Neuralink. Cramer's Charitable Trust, the portfolio used by the CNBC Investing Club, has long been invested in Nvidia. Cramer has espoused the brilliance of Huang for years and even re-named his dog Nvidia. Ahead of earnings this time, Cramer equated Huang to popstar Taylor Swift , saying their success is unparalleled in their respective fields. And Musk is creating, singlehandedly, a way to be able to deliver things," Cramer continued.
Persons: CNBC's Jim Cramer, Jensen Huang —, Nvidia —, Elon Musk, Jensen, Cramer, Huang, Leonardo da Vinci, popstar Taylor Swift, Musk, Barnum Organizations: Nvidia, SpaceX, Trust, CNBC, Microsoft, Apple, Cramer's Trust, Ringling Bros, Barnum, Bailey Locations: Santa Clara , California
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Persons: Marc Andreessen, Chris Williams, Williams, simplehappyart, Today's, Siu, It's, SCOTT MORGAN, Charlie Munger, Warren Buffett's, Everyone's, Jeffrey Gundlach, Jensen Huang, Young Liu, Chiang Ying, Marc Andreessen's, Elon Musk, Musk, Arantza Pena Popo, Dolly, Janet Yellen, SAUL LOEB, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Tech, Microsoft, Treasury, Barclays, Baron Partners Fund, Nvidia, University of Pennsylvania, America, Blackstone, Getty, IRS Locations: Israel, Cincinnati , Ohio, New York City, San Diego, London, New York
Colin Huang, the founder of ecommerce giant Pinduoduo, is currently China's fourth-richest person. Huang, who is worth $34 billion, owns 28% of Pinduoduo, the parent company of Temu. Huang was part of the team that launched Google China. Pinduoduo takes a small commission and charges sellers to promote their products on its app, but doesn't hold any stock. Just a year ago, Pinduoduo launched its cut-price shopping app Temu in the US.
Persons: Colin Huang, Huang, Colin Huang isn't, He's, Pinduoduo Organizations: Google, Morning, Sony, Bloomberg Locations: Google China, China, New York
Raffaele Huang — Reporter at The Wall Street Journal
  + stars: | 2023-08-17 | by ( Raffaele Huang | ) www.wsj.com   time to read: 1 min
Raffaele HuangRaffaele Huang is a reporter for The Wall Street Journal in Singapore, covering China’s technology companies. Previously, he mainly focused on corporate news in the automotive and technology sector in Beijing.
Persons: Raffaele Huang Raffaele Huang Organizations: Wall Street Locations: Singapore, Beijing
Nvidia CEO and cofounder Jensen Huang's fortune soared by almost $7 billion billion last week to hit nearly $35 billionJensen's Huang net worth surged last week on the back of a boost in Nvidia's stock price. Consequently, Nvidia CEO Jensen Huang's net worth soared by almost $7 billion last week, per Bloomberg Billionaires Index. The stock extended its gains on Friday, sending Huang's net worth to touch nearly $35 billion. Huang owns 86.9 million Nvidia shares, or about 3.5% of the Santa Clara-based chipmaker, per the company's 2023 annual report. So far this year, Huang's net worth has risen by $21.1 billion, per Bloomberg — now making him the 37th richest person in the world.
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