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👨🏼💻 How NVIDIA became #1
PLUS: Validate Your Business Idea
By AI Guy ⏳ 5 min read
Howdy! This is AI Guy. Like your favorite Tex-Mex place, we’re the whole enchilada when it comes to AI. 👨🏼💻
In Today’s Edition:
⛵️ How NVIDIA Became #1
🛠 Tools to Automate Your Business
🐥 AI-Powered Writing Tool
⛵️
How NVIDIA Became #1
Remember when digital images used to look like this?
Now the standard is this:
Well not only does the stock market owe some serious thanks to NVIDIA, but so does every AI user. Their chips make this beauty possible.
Let’s take a quick dive into how NVIDIA went from pixilated ducks to America’s #1 stock.
Three cofounders started NVIDIA in 1993 because they believed that the proper direction for the next wave of computing was graphics-based computing. They believed GPUs could solve problems that general-purpose computing could not.
The launch of the company was initially unsuccessful. NVIDIA failed to meet manufacturing deadlines, and by 1997 the company was on the verge of bankruptcy.
But by the turn of the century, NVIDIA won a number of big-time contracts to build GPUs for large gaming companies.
As we’ve mentioned before, GPUs are the backbone of computers that allow data to be turned into video…. like video games!
In the following years, NVIDIA became the #1 chip producer for video game consoles. Consoles like the Playstation and Xbox run on NVIDIA GPUs.
These chips are so good that the industry knows them as “moat chips” because competitors can’t even get near their level.
Moat Chips
Flashforward… 🧠 Enter AI.
The plot twist that few saw coming! Before AI was the town’s gossip, NVIDIA was already at the party. Mixing, mingling, and setting the floor on 🔥.
Turns out their GPU technology is also awesome at AI models. NVIDIA chips can process LLMs (the language behind AI tools) faster than any other chip on the market, by a long shot.
In recent years, NVIDIA has become the undisputed leader in AI chips.
The AI chip industry is dancing to NVIDIA's tune. But how?
One word.
Or two, actually.
Matrix Multiplication. Sounds complex? It is. But for NVIDIA, it's like a weekend brunch. No biggie. They mastered the magic behind AI computations, leaving others in the tech dust.
Naveen Rao, CEO of Nervana Systems, tried to challenge the titan, but, sigh, NVIDIA? Always one step ahead.
Jensen Huang, the man, the myth, the legend behind NVIDIA, saw the AI glitz from miles away. Gaming? Just the starting line. Huang’s vision? A world where NVIDIA isn’t just in the game. They ARE the game.
NVIDIA’s killer combo of groundbreaking chips, tight-knit AI community, and software sorcery? That's what made developers worldwide nod in unison: “Everybody builds on Nvidia first.”
Sometimes to be on top, you just have to be first.
First is a great place to be when the AI chip market is taking off.
Lisa Su, AMD’s chief executive, forecasts a surge in the AI chip market from $30 billion this year to an impressive $150 billion in 2027.
Source: CNBC, Lisa Su
Not only was NVIDIA in the AI game before it even started, their innovation and vision dominated. 🦾
NVIDIA claims over 70% of the AI chip market. But, not just about digits. Nope. Dedication. Vision. 🔥 The result?
💸 A sweet trillion-dollar valuation.
The philosophy behind this tech giant? Reinvent. Recreate. Revolutionize.
NVIDIA got that AI sparkle and they’re sprinkling it EVERYWHERE.
So, what's cooking next in their tech cauldron? We’re all staying tuned and the stock market is banking on it. 🍿🌟
⛵️
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AI-Powered Writing Tool
.@lexdotpage is the new #AI-powered writing tool that propels creators past writer's block, generates new content, and brainstorms collaboratively. Founder @nbashaw shares more with @TechCrunch's @alex following the company's seed funding from True:
— True Ventures (@trueventures)
5:39 PM • Aug 23, 2023
See y’all on Friday! Stay AI-some!
AI Guy
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