Nvidia secured its place as the most valuable company in the world this week. Here’s how it went from a Denny’s booth to cornering the AI chip market.
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00:00NVIDIA is now the most valuable company in the world, but the company's humble beginnings
00:04actually began in a Denny's booth over three decades ago.
00:08Jensen Wang, Chris Malachowski, and Curtis Prem started NVIDIA in 1993 and invented one
00:13of the first graphic processing units, aka GPUs.
00:18Since then, the tech giant has climbed over competitors like Apple, Microsoft, and Google
00:22with its $3.34 trillion market cap.
00:26Their secrets to success?
00:27Preparing early for the AI frenzy that has taken over the world.
00:31One of its prescient moves included creating CUDA, a programming tool that enhanced the
00:35capabilities of NVIDIA's GPUs, making them essential for AI development.
00:40NVIDIA's GPUs can perform many simple calculations at once.
00:44But despite the company's success, NVIDIA still faces threats to its dominant position
00:48in AI chips.
00:50Although NVIDIA controls about 90% of the AI chips market, some big tech competitors
00:55such as Meta and Google have started producing in-house chips to compete.