Money Today Kim Jae-hyun Expert | 2023.06.04 06:31
Editorial comment | We look at China with a difference of impartiality.
The market capitalization of NVIDIA, the world’s No. 1 graphics processing unit (GPU) company, reaches $1 trillion, and attention is focused on Jensen Huang (60), founder and CEO of NVIDIA. In particular, on the 27th, when Jensen Huang gave a congratulatory speech on the graduation of National Taiwan University and gave a keynote presentation at Taiwan’s largest IT exhibition, Jensen Huang’s wind blew in Taiwan.
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Nvidia rises to 6th place in the global market cap
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Nvidia’s stock price soared because demand for GPUs increased as the AI hype blew up after the appearance of ChatGPT in November last year. On the 24th, when Nvidia announced that its first quarter sales were $7.19 billion, which exceeded Wall Street’s forecast ($6.52 billion), the stock price soared, and the company predicted that sales in the second quarter would reach $11 billion.
As of the 30th of last month, Nvidia’s market capitalization was $992 billion, ranking sixth in global market capitalization. It broke through $1 trillion during the day. The only stocks with a larger market cap than Nvidia are Apple, Microsoft, Saudi Aramco, Alphabet, and Amazon. As Nvidia soared, TSMC, a Taiwanese foundry company that manufactures Nvidia GPUs on consignment, also rose more than 10%, rising to 10th place in global market cap. At Computex 2023, Asia’s largest IT exhibition held in Taiwan at the end of May, Taiwan was excited by the Nvidia craze, with listeners flocking to Jensen Huang’s keynote presentation.
As MediaTek, the No. 1 in the global AP (application processor) market, announced that it would be teaming up with Nvidia to release semiconductors for use in vehicle infotainment, an atmosphere was created where Nvidia was attracting semiconductor companies. Taiwan conductors. It is worth noting that Jensen Huang, in his speech at Taiwan University, emphasized that AI not only represents the rebirth of the computer industry, but also a golden opportunity for Taiwanese companies.
With Nvidia’s stock price soaring, the fortune of Jensen Huang, who owns about 3.6% of the shares, has increased to $36 billion (about 47.5 trillion won). However, when Jensen Huang was photographed holding a plastic bag containing hemp, a Chinese twist, while visiting a night market, it became a hot topic in Taiwan.
What drew more attention was the speech that Jen-Hsun Huang gave at the National Taiwan University graduation ceremony on the 27th. Some netizens compared Jensen Huang’s “Run, Don’t Walk” to “Stay hungry, stay foolish” Steve Jobs said in his 2005 commencement speech at Stanford.
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The Coming of the AI Age According to Jen-Hsun Huang
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Jensen Huang was born in Tainan, Taiwan, but is a Taiwanese-American who immigrated to the United States through Thailand as a child. He graduated from Oregon State University’s Department of Electrical Engineering in 1984 and earned a Masters in Electrical Engineering from Stanford University in 1992. After graduation, he worked as an engineer at LSI Logic and AMD, then co-founded Nvidia in 1993 at the age of 30 and he has been CEO ever since. Let’s take a look at the graduation speech at National Taiwan University, the most prestigious university in Taiwan. First, when Jen-Hsun Huang began speaking in Mandarin Chinese and Taiwanese, the audience broke into applause. Jensen Huang said in Taiwan, “I was originally going to give a speech in Taiwan today, but the more I think about it, the more nervous I get,” and he delivered most of the speeches in English.
The most notable content of the speech that lasted for about 23 minutes on this day was the fact that the AI era has arrived and three stories about Nvidia.
“Artificial intelligence (AI) will create jobs that did not exist before, such as data engineering, real-time engineering, AI factory operations, and AI safety engineer,” Huang said, “AI will change all occupations.” Just-in-time engineering, which involves inputting suggestions so that AI can come up with solutions tailored to the user’s intentions, has quickly emerged as an attention-grabbing job.
He said that every business and individual should learn how to use AI and use it to do amazing things. It will take their jobs.” Using AI is already a necessity, not an option, and it means those who don’t use AI will be left behind.
Jensen Huang added that AI will “overpay” the performance of all professions, including programmers, designers, artists and marketers.
In particular, Jen-Hsun Huang emphasized that although we are at the beginning of the era of AI, which is an important technology such as the PC, the Internet, mobile and the cloud, AI is much more fundamental than these because it will revolutionize all computer step. . From the way we write software to the way software works, AI will change everything.
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Whether you run for food or not to be prey, run.
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In his graduation speech, Jen-Hsun Huang shared three stories that made Nvidia what it is today. The most impressive among them is the contract with Sega. Nvidia’s first product is a 3D graphics card for PC gaming. After developing a 3D graphics card in an unconventional way called Forward Texture Mapping and Curves, Nvidia secured a contract for the Japanese game manufacturer SEGA video game consoles to fund the company’s operations.
However, the problem occurred after a year. Nvidia learned too late that its architecture was technically poor and was the wrong strategy. Nvidia had to stop development, but faced a dilemma: failing to get all the money promised by Sega would put the company in bankruptcy.
Jen-Hsun Huang met with the CEO of Sega and told him that he could not complete the contract with Sega because Nvidia’s development had gone wrong, and he had no choice but to make an embarrassing request to pay the balance he had to promise originally. Fortunately, Sega agreed, and Nvidia was able to get the money to run the company for another six months. What Nvidia developed with that money is the RIVA 128 graphics card. As this product gained astounding popularity, Nvidia finally laid the foundation for the company.
Through the episode with Segawa, Jen-Hsun Huang emphasized that she hopes Taiwan University graduates will not forget her teachings: to face failure, have the humility to admit mistakes, and ask for help.
At the end of the speech, Jen-Hsun Huang ended her speech by telling the graduates to “Run, don’t walk,” just like Nvidia did. “Whether you run for food or not to become prey, run,” is the request of Jensen Huang, the creator of Nvidia, the world’s first semiconductor company to earn $1 trillion.
[저작권자 @머니투데이, 무단전재 및 재배포 금지]
