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Nvidia chips have been at the heart of major tech tends from video games to self-driving cars, to cloud computing, and now AI - artificial intelligence. Born in Taiwan, Huang moved to the United States as a child, earning engineering degrees at Oregon State University and Stanford University. Its first big hits were specialized chips to power high-intensity motion graphics for computer games called graphics processing units (GPUs). Even then, Huang did not think of Nvidia as just a chip company. "Computer graphics is one of the most complex parts of computer science," Huang told an audience in Silicon Valley in 2021 while receiving a lifetime achievement award.

Persons: Jensen Huang, I've, Huang, grunting, Inc's, Jeff Bezos, Steve Jobs, ChatGPT, Stanford University . Huang, selfies, Curtis Priem, Chris Malachowsky, Andrew Ng, Yuvraj Malik, Samrhitha, Stephen Nellis, Ben Blanchard, Matthew Lewis, Sonali Paul, Jacqueline Wong Organizations: Nvidia Corp, Apple Inc, Oregon State University, Stanford University, Nvidia, Valley's Sequoia Capital, BET, Taiwan Semiconductor Manufacturing, Intel, Thomson Locations: Taiwan, United States, Taipei, Silicon Valley, Bengaluru, San Francisco

May 30 (Reuters) - Jensen Huang, the chief of chipmaker Nvidia Corp (NVDA.O), has joined an elite list of tech executives to head a company worth $1 trillion. Nvidia shares have been on a tear, rising on stellar sales projections from a boom in artificial-intelligence workloads and components. Huang was born in Taiwan but moved to the United States as a child, earning engineering degrees at Oregon State University and Stanford University. In 1993 he founded Nvidia along with Curtis Priem and Chris Malachowsky, securing backing from Silicon Valley's Sequoia Capital and others. As companies further adopt AI, Nvidia could be one of the key beneficiaries.

Persons: Jensen Huang, Huang, Inc's, Jeff Bezos, ChatGPT, Curtis Priem, Chris Malachowsky, Andrew Ng, Yuvraj Malik, Samrhitha, Stephen Nellis, Matthew Lewis Organizations: Nvidia Corp, Nvidia, Oregon State University, Stanford University, Valley's Sequoia Capital, BET, INTEL, Taiwan Semiconductor Manufacturing, Intel Corp, Logic Corp, Devices Inc, Alphabet Inc, Baidu Inc, HK, San, Thomson Locations: Taiwan, United States, Taipei, Bengaluru, San Francisco

☆ Sequoia-backed grocery startup Getir is close to buying its troubled rival Gorillas in a heavily discounted deal said to be worth less than $1 billion
▼ + stars: | 2022-11-11 | by ( Callum Burroughs | Shona Ghosh | ) www.businessinsider.com time to read: +4 min

Grocery-delivery startup Gorillas is set to be acquired by its major rival Getir, sources say. Gorillas' valuation is expected to collapse from $3 billion to less than $1 billion, with layoffs anticipated. Beleaguered grocery delivery startup Gorillas is set to be acquired by Turkish rival Getir in a cash-and-equity deal that is expected to close in the coming weeks and at a substantially lower valuation, Insider understands. Gorillas' investors and shareholders will be paid out in cash while others will be offered preferred stock in Getir, the people said. Most of Gorillas' senior management is expected to stay on with with Getir shares as part of their package.

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