Title: Nvidia's Metoric Rise to the Top: From a Denny's Booth to the Most Valuable Company in the World
Lead: Nvidia, a company founded in 1993 by Jensen Huang, Chris Malachowsky, and Curtis Priem at a Denny's booth, has become the most valuable company in the world with a market cap of over $3 trillion. The tech giant's meteoric rise can be attributed to its early entry into the AI chip market and strategic moves such as creating CUDA in 2007.
Paragraph 1: Nvidia, whose name is derived from the Latin word for envy, has come a long way since its humble beginnings. The company was founded to boost computer processing capabilities, specifically graphics-intensive applications. Nvidia revolutionized the gaming industry with its GPUs and created a programming language for developers to create applications on its hardware.
Paragraph 2: By 2012, Nvidia discovered that its chips could be used for artificial intelligence applications. Ilya Sutskever, a researcher at Google DeepMind, used Nvidia chips for an early convolutional neural network called AlexNet. Nvidia's GPUs are ideal for AI due to their ability to perform many calculations at once.
Paragraph 3: Nvidia controls upwards of 70% of the market in AI chips. The company provides a full supercomputer solution, including hardware and software suite. Its GH200 Grace Hopper Superchip can perform 200 quintillion calculations per second.
Paragraph 4: CEO Jensen Huang made prescient moves such as creating CUDA in 2007 to unlock the full capability of its GPUs. CUDA is now widely used and difficult for companies to imagine using other tech for large language models. Nvidia faces competition from big tech companies producing in-house chips and geopolitical obstacles in China.
Background Information: Nvidia was founded by Jensen Huang, Chris Malachowsky, and Curtis Priem at a Denny's booth in 1993. The company invented one of the first GPUs for use in video games and graphic design. Nvidia revolutionized the gaming industry with its GPUs and created a programming language for developers to create applications on its hardware.
By 2012, Nvidia discovered that its chips could be used for artificial intelligence applications. Ilya Sutskever used Nvidia chips for an early convolutional neural network called AlexNet in 2012. Nvidia's GPUs are ideal for AI due to their ability to perform many calculations at once.
Nvidia controls upwards of 70% of the market in AI chips. The company provides a full supercomputer solution, including hardware and software suite. Its GH200 Grace Hopper Superchip can perform 200 quintillion calculations per second.
CEO Jensen Huang made prescient moves such as creating CUDA in 2007 to unlock the full capability of its GPUs. CUDA is now widely used and difficult for companies to imagine using other tech for large language models.
Nvidia faces competition from big tech companies producing in-house chips and geopolitical obstacles in China.
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