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Jensen Huang founded Nvidia on the wrong graphics technology, and when no one knew the right way, he bought three textbooks from Fry's for a couple hundred dollars to rebuild the algorithm. Nvidia is worth more than $4 trillion today. This is him at Y Combinator on the day...

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In 1995, NVIDIA was days from vaporizing. Jensen Huang flew to Japan, told SEGA the chip he owed them did not work, and then asked them to hand him $5 million anyway. Today NVIDIA is worth more than $4 trillion. This is him telling Joe Rogan the whole story, the confession that saved the company: NVIDIA had chosen the wrong graphics technology and ended up dead last. It was out of money, and it owed SEGA a game console it now knew it could not build. So Jensen flew to Japan and sat down with SEGA's CEO. "I said, listen, I've got some bad news for you. First, the technology we promised you does not work. Second, we should not finish your contract, because we'd waste all your money and you'd have something that doesn't work. And third, even though I'm asking you to let me out of the contract, I still need the money. Because if you didn't give me the money, we'd vaporize overnight." He asked SEGA to turn the final $5 million into an investment instead. "He said, it's very likely your company will go out of business, even with my investment. And it was completely true. Back then, in 1995, $5 million was a lot of money." SEGA's Irimajiri thought about it for two days and said yes. When Jensen asked why, the answer was almost nothing at all. "What he decided was, Jensen was a young man he liked. That's it." That $5 million kept NVIDIA alive. "If he had kept that investment, I think it would be worth probably about a trillion dollars today." Bookmark & watch ↓
6:53

In 1995, NVIDIA was days from vaporizing. Jensen Huang flew to Japan, told SEGA the chip he owed them did not work, and then asked them to hand him $5 million anyway. Today NVIDIA is worth more than $4 trillion. This is him telling Joe Rogan the whole story, the confession that saved the company: NVIDIA had chosen the wrong graphics technology and ended up dead last. It was out of money, and it owed SEGA a game console it now knew it could not build. So Jensen flew to Japan and sat down with SEGA's CEO. "I said, listen, I've got some bad news for you. First, the technology we promised you does not work. Second, we should not finish your contract, because we'd waste all your money and you'd have something that doesn't work. And third, even though I'm asking you to let me out of the contract, I still need the money. Because if you didn't give me the money, we'd vaporize overnight." He asked SEGA to turn the final $5 million into an investment instead. "He said, it's very likely your company will go out of business, even with my investment. And it was completely true. Back then, in 1995, $5 million was a lot of money." SEGA's Irimajiri thought about it for two days and said yes. When Jensen asked why, the answer was almost nothing at all. "What he decided was, Jensen was a young man he liked. That's it." That $5 million kept NVIDIA alive. "If he had kept that investment, I think it would be worth probably about a trillion dollars today." Bookmark & watch ↓

Fireside Tapes

16,289 Aufrufe • vor 2 Monaten

Nvidia founder Jensen Huang admits he was terrified to raise money for the company because he couldn’t answer investors’ questions, and says he still barely can, three decades later. “There were no YouTube, no YC, nobody’s teaching you how to start a company. And so I went to the bookstore and I bought a book, and the book said how to start a company. Unfortunately the book was like 500 pages long, and so I figured by the time I read it, I’d be out of business, and Lori and I’d be out of money.” “The thing I remember very, very vividly is how scared I was to go raise money, because I felt that I was about to talk to a bunch of people and I didn’t know how to answer their questions.” “And it’s true. And I barely know how to answer their questions even today.” “None of that stuff matters, as it turns out. And you’re always going to have things that you don’t know.”
1:39

Nvidia founder Jensen Huang admits he was terrified to raise money for the company because he couldn’t answer investors’ questions, and says he still barely can, three decades later. “There were no YouTube, no YC, nobody’s teaching you how to start a company. And so I went to the bookstore and I bought a book, and the book said how to start a company. Unfortunately the book was like 500 pages long, and so I figured by the time I read it, I’d be out of business, and Lori and I’d be out of money.” “The thing I remember very, very vividly is how scared I was to go raise money, because I felt that I was about to talk to a bunch of people and I didn’t know how to answer their questions.” “And it’s true. And I barely know how to answer their questions even today.” “None of that stuff matters, as it turns out. And you’re always going to have things that you don’t know.”

ileri 𖣂

61,014 Aufrufe • vor 2 Monaten

Intel had its own answer to Nvidia, and it was killed a week after he walked out the door. This is Pat Gelsinger, 34 years at Intel, on the project nobody remembers. At the height of Intel's strength on CPUs, they laughed at what Jensen was building. "When we were at the height of our strength on CPUs at Intel, we sort of scoffed at his machines. Right? Like, oh, it's a graphic machine. There's some gamers who want to use that kind of stuff. It was always the big CPU and those little GPUs." Nvidia did the unglamorous thing instead. They put a real software stack under it and made it slightly better every release, for years, while nobody scored them. "But when they started to build a real software stack with it... this CUDA thing and SIMT as a technology... And it just sort of kept getting a little bit better and a little bit better. And it was a little bit Jobs-like in that way. 'We're just making it better every release and it's becoming more robust.'" Nvidia did not see the payoff coming either. Somebody else found it for them. "And all of a sudden, the crazy Japanese HPC guys said, hey, we could take those graphics cards and maybe start using them in HPC. And that was defining moment where it wasn't just about doing graphics anymore..." Intel was not blind to any of it. Gelsinger had a project to do exactly the same thing with x86. "I had a project at Intel, Larrabee, where we were trying to take the x86 and essentially do the same thing." Then he left the company. "In my first departure from Intel, the project was killed a week after I left. And the world would have been so much different." He returned as CEO more than a decade later, to a company that had spent the interval handing money back to shareholders instead of building. "In the five years, five, six years before I came back, Intel gave $100 billion to shareholders. It hadn't built a new factory in a decade when I got there." Bookmark & watch:
1:55

Intel had its own answer to Nvidia, and it was killed a week after he walked out the door. This is Pat Gelsinger, 34 years at Intel, on the project nobody remembers. At the height of Intel's strength on CPUs, they laughed at what Jensen was building. "When we were at the height of our strength on CPUs at Intel, we sort of scoffed at his machines. Right? Like, oh, it's a graphic machine. There's some gamers who want to use that kind of stuff. It was always the big CPU and those little GPUs." Nvidia did the unglamorous thing instead. They put a real software stack under it and made it slightly better every release, for years, while nobody scored them. "But when they started to build a real software stack with it... this CUDA thing and SIMT as a technology... And it just sort of kept getting a little bit better and a little bit better. And it was a little bit Jobs-like in that way. 'We're just making it better every release and it's becoming more robust.'" Nvidia did not see the payoff coming either. Somebody else found it for them. "And all of a sudden, the crazy Japanese HPC guys said, hey, we could take those graphics cards and maybe start using them in HPC. And that was defining moment where it wasn't just about doing graphics anymore..." Intel was not blind to any of it. Gelsinger had a project to do exactly the same thing with x86. "I had a project at Intel, Larrabee, where we were trying to take the x86 and essentially do the same thing." Then he left the company. "In my first departure from Intel, the project was killed a week after I left. And the world would have been so much different." He returned as CEO more than a decade later, to a company that had spent the interval handing money back to shareholders instead of building. "In the five years, five, six years before I came back, Intel gave $100 billion to shareholders. It hadn't built a new factory in a decade when I got there." Bookmark & watch:

Fireside Alpha

35,296 Aufrufe • vor 2 Monaten

Jensen Huang: I told SEGA we failed, but I still need the money or we'd vaporize overnight. "Our company was running out of money. If that contract would have been canceled, we'd be dead. We would have vaporized instantly." Jensen was in a contract with SEGA and owed them a game console. But the technology didn't work, and NVIDIA was out of cash. So he went to Japan to see the CEO of Sega, Iri Majori. As he puts it: "I said, listen, I've got some bad news for you. The technology that we promised you doesn't work. And second, we shouldn't finish your contract because we'd waste all your money, and you would have something that doesn't work. And I recommend you find another partner to build your game console." Then he made the impossible ask: "And third, even though I'm asking you to let me out of the contract, I still need the money. Because if you didn't give me the money, we'd vaporize overnight." He continues: "I explained to him why the technology doesn't work, why we thought it was going to work, why it doesn't work. And I asked him to convert the last $5 million to complete the contract, to give us that money as an investment instead." The SEGA CEO responded: "But it's very likely your company will go out of business, even with my investment." Jensen's reply: "I told him that if you invested that $5 million in us, it is most likely to be lost. But if you didn't invest that money, we'd be out of business." Two days later, the CEO came back and said: "We'll do it." That moment of radical honesty when the odds were 0% saved NVIDIA from instant death.
1:49

Jensen Huang: I told SEGA we failed, but I still need the money or we'd vaporize overnight. "Our company was running out of money. If that contract would have been canceled, we'd be dead. We would have vaporized instantly." Jensen was in a contract with SEGA and owed them a game console. But the technology didn't work, and NVIDIA was out of cash. So he went to Japan to see the CEO of Sega, Iri Majori. As he puts it: "I said, listen, I've got some bad news for you. The technology that we promised you doesn't work. And second, we shouldn't finish your contract because we'd waste all your money, and you would have something that doesn't work. And I recommend you find another partner to build your game console." Then he made the impossible ask: "And third, even though I'm asking you to let me out of the contract, I still need the money. Because if you didn't give me the money, we'd vaporize overnight." He continues: "I explained to him why the technology doesn't work, why we thought it was going to work, why it doesn't work. And I asked him to convert the last $5 million to complete the contract, to give us that money as an investment instead." The SEGA CEO responded: "But it's very likely your company will go out of business, even with my investment." Jensen's reply: "I told him that if you invested that $5 million in us, it is most likely to be lost. But if you didn't invest that money, we'd be out of business." Two days later, the CEO came back and said: "We'll do it." That moment of radical honesty when the odds were 0% saved NVIDIA from instant death.

Jaynit

176,940 Aufrufe • vor 8 Monaten

The Lyrics of Imperfect Mew : Every moment in the song is based on a true story. 🗣️: Can you share some of it with us? Mew : Looking at the lyrics, the first verse starts from the moment of waking up. I wrote it when we were on a cruise, we went to the Caribbean together. The image of sunlight shining on his face, that messy, bedhead look right after waking up... just how incredibly cute he was 😆 Mew : The next verse talks about things we’ve experienced together, such as when we went traveling and missed a train. When we look back on it now, it’s actually funny. Or when it suddenly started raining and we didn’t have an umbrella, so we had to take off a shirt and cover ourselves. In those moments, the imperfection somehow became perfect for us. 🗣️: So this is all based on a true story? Mew: All of it is real. 🗣️: Not a scene from a series? 😂 Mew: No, it really happened. The train incident happened in Munich. Usually, he’s the one who checks the schedule. Like, where to go, which platform and what time. But that day, it looked like he read it wrong, so we rushed because we thought we were going to miss it. But actually, he didn’t read it wrong, the train changed platforms. We had to go to another one. It was funny. No one was at fault… the platform was the one that was wrong 😂 Mew : When I told him which moments behind the song, he related to it so much. He listens to it every night now. He probably knows the lyrics better than I do 😂 Mew : Usually when I write a song, I let him listen to it first. He relates to this one so deeply that he especially loves it.
1:59

The Lyrics of Imperfect Mew : Every moment in the song is based on a true story. 🗣️: Can you share some of it with us? Mew : Looking at the lyrics, the first verse starts from the moment of waking up. I wrote it when we were on a cruise, we went to the Caribbean together. The image of sunlight shining on his face, that messy, bedhead look right after waking up... just how incredibly cute he was 😆 Mew : The next verse talks about things we’ve experienced together, such as when we went traveling and missed a train. When we look back on it now, it’s actually funny. Or when it suddenly started raining and we didn’t have an umbrella, so we had to take off a shirt and cover ourselves. In those moments, the imperfection somehow became perfect for us. 🗣️: So this is all based on a true story? Mew: All of it is real. 🗣️: Not a scene from a series? 😂 Mew: No, it really happened. The train incident happened in Munich. Usually, he’s the one who checks the schedule. Like, where to go, which platform and what time. But that day, it looked like he read it wrong, so we rushed because we thought we were going to miss it. But actually, he didn’t read it wrong, the train changed platforms. We had to go to another one. It was funny. No one was at fault… the platform was the one that was wrong 😂 Mew : When I told him which moments behind the song, he related to it so much. He listens to it every night now. He probably knows the lyrics better than I do 😂 Mew : Usually when I write a song, I let him listen to it first. He relates to this one so deeply that he especially loves it.

💞

20,628 Aufrufe • vor 7 Monaten

Jensen Huang reveals the trip to Japan that saved NVIDIA from vaporizing overnight "Our company was running out of money. If that contract would have been canceled, we'd be dead. We would have vaporized instantly." Jensen was in a contract with SEGA and owed them a game console. But the technology didn't work, and NVIDIA was out of cash. So he went to Japan to see the CEO of Sega, Shoichiro Irimajiri: "I said, listen, I've got some bad news for you. The technology that we promised you doesn't work. And second, we shouldn't finish your contract because we'd waste all your money, and you would have something that doesn't work. And I recommend you find another partner to build your game console." Then he made the impossible ask: "And third, even though I'm asking you to let me out of the contract, I still need the money. Because if you didn't give me the money, we'd vaporize overnight." "I explained to him why the technology doesn't work, why we thought it was going to work, why it doesn't work. And I asked him to convert the last $5 million to complete the contract, to give us that money as an investment instead." The SEGA CEO responded: "But it's very likely your company will go out of business, even with my investment." Jensen's reply: "I told him that if you invested that $5 million in us, it is most likely to be lost. But if you didn't invest that money, we'd be out of business." Two days later, the CEO came back and said: "We'll do it."
1:49

Jensen Huang reveals the trip to Japan that saved NVIDIA from vaporizing overnight "Our company was running out of money. If that contract would have been canceled, we'd be dead. We would have vaporized instantly." Jensen was in a contract with SEGA and owed them a game console. But the technology didn't work, and NVIDIA was out of cash. So he went to Japan to see the CEO of Sega, Shoichiro Irimajiri: "I said, listen, I've got some bad news for you. The technology that we promised you doesn't work. And second, we shouldn't finish your contract because we'd waste all your money, and you would have something that doesn't work. And I recommend you find another partner to build your game console." Then he made the impossible ask: "And third, even though I'm asking you to let me out of the contract, I still need the money. Because if you didn't give me the money, we'd vaporize overnight." "I explained to him why the technology doesn't work, why we thought it was going to work, why it doesn't work. And I asked him to convert the last $5 million to complete the contract, to give us that money as an investment instead." The SEGA CEO responded: "But it's very likely your company will go out of business, even with my investment." Jensen's reply: "I told him that if you invested that $5 million in us, it is most likely to be lost. But if you didn't invest that money, we'd be out of business." Two days later, the CEO came back and said: "We'll do it."

Jaynit

83,618 Aufrufe • vor 4 Monaten

Why NVIDIA founder Jensen Huang wouldn’t start a company if he had to do it all over again In this clip from the Acquired podcast, Jensen is asked what company he would start if he was 30 years old again today. His response: “I wouldn’t do it.” “Building a company and building NVIDIA turned out to have been a million times harder than any of us expected it to be. And at the time, if we realized the pain and suffering and just how vulnerable you’re going to feel and the challenges that you’re going to endure, the embarrassment and the shame, and the list of all the things that go wrong—I don’t think anybody would start a company.” Jensen believes that the superpower of entrepreneur is that they don’t know how hard it is. They only ask themselves: How hard can it be? “You have to get yourself to believe that it’s not that hard because it’s way harder than you think. And if—taking all of my knowledge now—I go back, and I said I’m going to endure that whole journey again, I think it’s too much. It is just too much.” And he believes entrepreneurs need to surround themselves with supportive family, friends and colleagues. “You need the unwavering support of the people around you… I’m pretty sure that almost every successful company and entrepreneur that has gone through some difficult challenges had that support system around them.” Video source: Acquired Podcast (2023)
1:24

Why NVIDIA founder Jensen Huang wouldn’t start a company if he had to do it all over again In this clip from the Acquired podcast, Jensen is asked what company he would start if he was 30 years old again today. His response: “I wouldn’t do it.” “Building a company and building NVIDIA turned out to have been a million times harder than any of us expected it to be. And at the time, if we realized the pain and suffering and just how vulnerable you’re going to feel and the challenges that you’re going to endure, the embarrassment and the shame, and the list of all the things that go wrong—I don’t think anybody would start a company.” Jensen believes that the superpower of entrepreneur is that they don’t know how hard it is. They only ask themselves: How hard can it be? “You have to get yourself to believe that it’s not that hard because it’s way harder than you think. And if—taking all of my knowledge now—I go back, and I said I’m going to endure that whole journey again, I think it’s too much. It is just too much.” And he believes entrepreneurs need to surround themselves with supportive family, friends and colleagues. “You need the unwavering support of the people around you… I’m pretty sure that almost every successful company and entrepreneur that has gone through some difficult challenges had that support system around them.” Video source: Acquired Podcast (2023)

Startup Archive

34,431 Aufrufe • vor 1 Jahr

NVIDIA once built phone chips, grew it into a real business, and then got locked out of that market. Jensen Huang calls it a genuine strategic mistake, and also the reason NVIDIA is in robotics today. This is him at Stanford's CS153, on the bet he says he should have turned down. Important mobile companies came to NVIDIA to build phone chips, and he now thinks the answer was obvious: "The answer when they approached us, the answer should have been, nah, not interested." They took the bet anyway. It grew, and then the 3G-to-4G transition handed the phone's most important part, the modem, to Qualcomm, and NVIDIA was shut out. His point is what he did with the wreckage: "We got shut out... and then went back to zero. But the recovery was I took all of that expertise, that extreme low power and energy efficiency expertise, and I shifted all to an application that didn't exist at the time called robotics." The low-power chip lineage he salvaged became Thor, the brain now going into NVIDIA's robots and cars. He is blunt that going into mobile was a waste of time and a strategic mistake. What saves the story is that the engineering he built for a doomed business turned out to be the seed of the machines NVIDIA is shipping now. Bookmark & watch ↓
2:36

NVIDIA once built phone chips, grew it into a real business, and then got locked out of that market. Jensen Huang calls it a genuine strategic mistake, and also the reason NVIDIA is in robotics today. This is him at Stanford's CS153, on the bet he says he should have turned down. Important mobile companies came to NVIDIA to build phone chips, and he now thinks the answer was obvious: "The answer when they approached us, the answer should have been, nah, not interested." They took the bet anyway. It grew, and then the 3G-to-4G transition handed the phone's most important part, the modem, to Qualcomm, and NVIDIA was shut out. His point is what he did with the wreckage: "We got shut out... and then went back to zero. But the recovery was I took all of that expertise, that extreme low power and energy efficiency expertise, and I shifted all to an application that didn't exist at the time called robotics." The low-power chip lineage he salvaged became Thor, the brain now going into NVIDIA's robots and cars. He is blunt that going into mobile was a waste of time and a strategic mistake. What saves the story is that the engineering he built for a doomed business turned out to be the seed of the machines NVIDIA is shipping now. Bookmark & watch ↓

Fireside Alpha

20,834 Aufrufe • vor 9 Tagen

“There was no power, and the entire country was living off diesel (gasoline). I had a lot of friends in government who used to sell it to me, and I used it to power my house. One day, I came home and there was no light, so I moved my whole family to a hotel. I called a friend and asked where I could get diesel. He gave me the contact of a company, and I bought it from them, but it was very expensive. When the truck came to my house and I looked at the meter on it, I said to myself, ‘I could do this business.’ I told my manager to call the manager of that company because I wanted to buy the company, but they refused. So, I bought a second-hand pickup and started selling diesel myself around the estate. My friends even laughed at me whenever we met at the club. Today, I am an oil tycoon.” — Femi Otedola
3:36

“There was no power, and the entire country was living off diesel (gasoline). I had a lot of friends in government who used to sell it to me, and I used it to power my house. One day, I came home and there was no light, so I moved my whole family to a hotel. I called a friend and asked where I could get diesel. He gave me the contact of a company, and I bought it from them, but it was very expensive. When the truck came to my house and I looked at the meter on it, I said to myself, ‘I could do this business.’ I told my manager to call the manager of that company because I wanted to buy the company, but they refused. So, I bought a second-hand pickup and started selling diesel myself around the estate. My friends even laughed at me whenever we met at the club. Today, I am an oil tycoon.” — Femi Otedola

carter🌚

147,408 Aufrufe • vor 3 Monaten

Jensen Huang says the first AI supercomputer he ever built had exactly one customer on earth: Elon Musk. Back in 2016, he had just created a machine called the DGX1. It cost $300,000 dollars. He announced it on stage, and the room went completely silent since nobody understood it, so nobody wanted to buy it. Since Elon knew him because Nvidia had built the first self-driving computer for the Tesla Model S, Elon bought & tried it. Elon said he had a small company that could use it. Jensen boxed one up himself and drove it to San Francisco. He carried it up to a room full of researchers. That tiny company turned out to be OpenAI. The machine nobody wanted went on to launch the AI revolution. — Jensen Huang (.Jensen Huang)
3:20

Jensen Huang says the first AI supercomputer he ever built had exactly one customer on earth: Elon Musk. Back in 2016, he had just created a machine called the DGX1. It cost $300,000 dollars. He announced it on stage, and the room went completely silent since nobody understood it, so nobody wanted to buy it. Since Elon knew him because Nvidia had built the first self-driving computer for the Tesla Model S, Elon bought & tried it. Elon said he had a small company that could use it. Jensen boxed one up himself and drove it to San Francisco. He carried it up to a room full of researchers. That tiny company turned out to be OpenAI. The machine nobody wanted went on to launch the AI revolution. — Jensen Huang (.Jensen Huang)

GeniusThinking

1,285,766 Aufrufe • vor 29 Tagen

Jensen Huang was 40 in 2003 and held 25% of a $10 billion market. Someone asked him how he spends his time. “Not sleeping is a good choice. It creates more time when you don’t sleep.” He walks into the office and tells his admin to wipe the calendar, because a CEO’s day belongs to everyone else and he takes it back by force. Then he goes and finds customers, not to sell them anything but to ask what NVIDIA is getting wrong. The rest of it he spends in the cafeteria at lunch and dinner, and people kept telling him it was strange for a CEO to eat with everyone. He said you can’t set a culture through CNN or a magazine profile, so it moves 1 person at a time. Then the question turned to competition and he named Intel, Sony, and ATI in Canada. And then he said the obvious ones were not the problem. The company that would hurt NVIDIA was still sitting in a classroom, in ideas nobody had found yet, in a change in what people care about. 9 years later 2 grad students trained AlexNet on 2 GTX 580 gaming cards and dropped the ImageNet error rate to 15.3%. Both of them were in school in 2003. They didn’t kill NVIDIA they turned it into a $4 trillion company. He guessed right about the students and wrong about the side.
4:24

Jensen Huang was 40 in 2003 and held 25% of a $10 billion market. Someone asked him how he spends his time. “Not sleeping is a good choice. It creates more time when you don’t sleep.” He walks into the office and tells his admin to wipe the calendar, because a CEO’s day belongs to everyone else and he takes it back by force. Then he goes and finds customers, not to sell them anything but to ask what NVIDIA is getting wrong. The rest of it he spends in the cafeteria at lunch and dinner, and people kept telling him it was strange for a CEO to eat with everyone. He said you can’t set a culture through CNN or a magazine profile, so it moves 1 person at a time. Then the question turned to competition and he named Intel, Sony, and ATI in Canada. And then he said the obvious ones were not the problem. The company that would hurt NVIDIA was still sitting in a classroom, in ideas nobody had found yet, in a change in what people care about. 9 years later 2 grad students trained AlexNet on 2 GTX 580 gaming cards and dropped the ImageNet error rate to 15.3%. Both of them were in school in 2003. They didn’t kill NVIDIA they turned it into a $4 trillion company. He guessed right about the students and wrong about the side.

West Lord

285,497 Aufrufe • vor 1 Monat

I love Elon Musk's old interviews. I really enjoy hearing what he said back then, knowing what the future holds. This "CBS Sunday Morning" interview was recorded in 1998, when then 27-year-old Elon talked about starting his first company: “That was the summer of '95. I had no money whatsoever. I was working, doing research in Silicon Valley on a completely different subject and trying to start this company at the same time. And when it came time to decide do I want to do graduate studies or do I want to start this company and I decided to start the company. I had no money. As a graduate student, I would have received a scholarship and a stipend and so forth. In starting the company, I had nothing. I had no income source. So we found that an office was actually cheaper than an apartment in Silicon Valley. So we got this dinky little office that had a leaky roof. It was just the nastiest place you can imagine. And you lived in it. And I lived in it too and showered at the YMCA. This lasted for about three or four months. And the reason we chose this office, in addition to it being really cheap, was that there was an internet service provider on the floor below. So we were able to get really cheap internet access by drilling a hole in the floor and connecting to their server directly.”
1:06

I love Elon Musk's old interviews. I really enjoy hearing what he said back then, knowing what the future holds. This "CBS Sunday Morning" interview was recorded in 1998, when then 27-year-old Elon talked about starting his first company: “That was the summer of '95. I had no money whatsoever. I was working, doing research in Silicon Valley on a completely different subject and trying to start this company at the same time. And when it came time to decide do I want to do graduate studies or do I want to start this company and I decided to start the company. I had no money. As a graduate student, I would have received a scholarship and a stipend and so forth. In starting the company, I had nothing. I had no income source. So we found that an office was actually cheaper than an apartment in Silicon Valley. So we got this dinky little office that had a leaky roof. It was just the nastiest place you can imagine. And you lived in it. And I lived in it too and showered at the YMCA. This lasted for about three or four months. And the reason we chose this office, in addition to it being really cheap, was that there was an internet service provider on the floor below. So we were able to get really cheap internet access by drilling a hole in the floor and connecting to their server directly.”

Eva Fo𝕏 🦊 Claudius Nero's Legion

24,804 Aufrufe • vor 3 Monaten

Spike Lee on how he overcame funding shortfalls & Warner Bros' indifference to get 'Malcolm X' (1992) made: "The making of that film was the hardest thing I ever had to do. And the great Marvin Worth bought the rights from Dr. Betty Shabazz, way back. Way back. And for 20-something years, he tried to get it made — several directors, several — several actors. And finally, Norman Jewison was the director, with Denzel. And when I heard that Norman Jewison was directing this, I said, “Hell to the nah!” But here’s the thing, though. I respect Norman Jewison, because it was his job; he gracefully bowed out. He didn’t have to do that. And so, once we got that, I knew we had to do the film. But from the very beginning, we didn’t have enough money. We didn’t have enough money. I put half my salary into the film. Warner Bros. knew it. We all knew it. But we’re just gonna go. I mean, this whole thing is — and, you know, in the studio system, you got to get them impregnated. So we knew one day the money would run out. And Warner Bros. did not want the length of that film to be three hours. We knew — it was not about ego. To tell the many different lives that Malcolm led, we needed that time. We needed that time. And we went out — it’s crazy. We showed the four-hour version to Warner Bros. Four hours. We knew we’d cut it down, but… It was the day of the Rodney King verdict. So, we’re screening a film for Warner Bros. executives, the two presidents, and the secretaries are coming in and out, because L.A. is burning. But to their credit, they stayed throughout the whole four hours. And so, it was a long discussion, because they had to — we had — I think a helicopter came to Warner Bros.’ lot and took them to where they had to go. And they said, “How long the film might be?” I said, “I need as long as” — I said, “How long is JFK?” Because JFK was coming out. And they said, ”JFK is two hours.” They didn’t know I know Oliver Stone. I call Oliver. I goes, “Oliver, how long is JFK?” He says, “Spike, it’s three hours, but don’t tell them I told you so.” So we knew that we had to keep going. We did not cut the film, the length. And Warner Bros. let the bond company take over the film. All the people in postproduction got registered letters saying, “You’re fired.” As I said before, I already put half my salary already into the film. So it was the lowest point in my life, with the exception of my mother dying. And Malcolm came to me: self-determination, self-reliance. I kept thinking about that again and again and again. What does that mean? And then it hit me like a ton of bricks: I know some Black folks that got some money. So, this was the plan. Not did I only know them, but I had their phone number. So I made a list. And here’s the key thing. This was not — it was not — they couldn’t get any money back. It wasn’t a tax write-off. This had to be like, “Here, take it. Take it.” And the first person I called was Bill Cosby. Called him up, said, “Bill” — first thing I said was, “How’s Camille?” Then I told him what it was about. He said, “Spike, I’ll put the check in the mail.” I said, “Nah.” I knew he lived in a townhouse, Upper East Side. Knocked on the door. Didn’t even come in. Snatched that check, ran to the bank before he could change his mind. So I made a list. And I always get the order mixed up. A great woman, Peggy Cooper Cafritz, she wrote a check. Tracy Chapman. Janet Jackson. Prince. And then there were two left. So, here’s the other thing, though, is that every time they said yes, I was asking for more money, ’cause I was feeling it. So, I had two people on my list. Called up Magic. Boom. And then the last call, the GOAT, who was born in Fort Greene, Brooklyn, not North Carolina: Michael Jordan, born in Cumberland Hospital on Myrtle Avenue, same hospital where Mike Tyson and Bernard King were born in, Bernard and Albert King were born. So, I mean, one thing about Michael, he don’t like to lose nothing. Very competitive. So I just let it slip how much Magic gave. Oh, oh, oh, Ms. Oprah Winfrey — sorry, sorry. She’s in there. I told you I get the — so I let Michael — I said, “Magic gave…” He said, “Magic gave what?” Boom! So now we had the money, and I had the money to rehire the crew. And at this time, there was no talking between myself and Warner Bros., because Warner Bros. gave the film to the bond company. So, on this date, on Malcolm’s birthday, we had a press conference at the Schomburg Collection, Schomburg Library, 135th and Lenox. And we announced that these prominent African Americans wrote these checks. And the next day, Warner Bros. financed the rest of the movie. True story." ("Spike Lee on “Malcolm X” & How Hollywood Almost Prevented Landmark Film from Being Made", Democracy Now, 2023)
2:11

Spike Lee on how he overcame funding shortfalls & Warner Bros' indifference to get 'Malcolm X' (1992) made: "The making of that film was the hardest thing I ever had to do. And the great Marvin Worth bought the rights from Dr. Betty Shabazz, way back. Way back. And for 20-something years, he tried to get it made — several directors, several — several actors. And finally, Norman Jewison was the director, with Denzel. And when I heard that Norman Jewison was directing this, I said, “Hell to the nah!” But here’s the thing, though. I respect Norman Jewison, because it was his job; he gracefully bowed out. He didn’t have to do that. And so, once we got that, I knew we had to do the film. But from the very beginning, we didn’t have enough money. We didn’t have enough money. I put half my salary into the film. Warner Bros. knew it. We all knew it. But we’re just gonna go. I mean, this whole thing is — and, you know, in the studio system, you got to get them impregnated. So we knew one day the money would run out. And Warner Bros. did not want the length of that film to be three hours. We knew — it was not about ego. To tell the many different lives that Malcolm led, we needed that time. We needed that time. And we went out — it’s crazy. We showed the four-hour version to Warner Bros. Four hours. We knew we’d cut it down, but… It was the day of the Rodney King verdict. So, we’re screening a film for Warner Bros. executives, the two presidents, and the secretaries are coming in and out, because L.A. is burning. But to their credit, they stayed throughout the whole four hours. And so, it was a long discussion, because they had to — we had — I think a helicopter came to Warner Bros.’ lot and took them to where they had to go. And they said, “How long the film might be?” I said, “I need as long as” — I said, “How long is JFK?” Because JFK was coming out. And they said, ”JFK is two hours.” They didn’t know I know Oliver Stone. I call Oliver. I goes, “Oliver, how long is JFK?” He says, “Spike, it’s three hours, but don’t tell them I told you so.” So we knew that we had to keep going. We did not cut the film, the length. And Warner Bros. let the bond company take over the film. All the people in postproduction got registered letters saying, “You’re fired.” As I said before, I already put half my salary already into the film. So it was the lowest point in my life, with the exception of my mother dying. And Malcolm came to me: self-determination, self-reliance. I kept thinking about that again and again and again. What does that mean? And then it hit me like a ton of bricks: I know some Black folks that got some money. So, this was the plan. Not did I only know them, but I had their phone number. So I made a list. And here’s the key thing. This was not — it was not — they couldn’t get any money back. It wasn’t a tax write-off. This had to be like, “Here, take it. Take it.” And the first person I called was Bill Cosby. Called him up, said, “Bill” — first thing I said was, “How’s Camille?” Then I told him what it was about. He said, “Spike, I’ll put the check in the mail.” I said, “Nah.” I knew he lived in a townhouse, Upper East Side. Knocked on the door. Didn’t even come in. Snatched that check, ran to the bank before he could change his mind. So I made a list. And I always get the order mixed up. A great woman, Peggy Cooper Cafritz, she wrote a check. Tracy Chapman. Janet Jackson. Prince. And then there were two left. So, here’s the other thing, though, is that every time they said yes, I was asking for more money, ’cause I was feeling it. So, I had two people on my list. Called up Magic. Boom. And then the last call, the GOAT, who was born in Fort Greene, Brooklyn, not North Carolina: Michael Jordan, born in Cumberland Hospital on Myrtle Avenue, same hospital where Mike Tyson and Bernard King were born in, Bernard and Albert King were born. So, I mean, one thing about Michael, he don’t like to lose nothing. Very competitive. So I just let it slip how much Magic gave. Oh, oh, oh, Ms. Oprah Winfrey — sorry, sorry. She’s in there. I told you I get the — so I let Michael — I said, “Magic gave…” He said, “Magic gave what?” Boom! So now we had the money, and I had the money to rehire the crew. And at this time, there was no talking between myself and Warner Bros., because Warner Bros. gave the film to the bond company. So, on this date, on Malcolm’s birthday, we had a press conference at the Schomburg Collection, Schomburg Library, 135th and Lenox. And we announced that these prominent African Americans wrote these checks. And the next day, Warner Bros. financed the rest of the movie. True story." ("Spike Lee on “Malcolm X” & How Hollywood Almost Prevented Landmark Film from Being Made", Democracy Now, 2023)

DepressedBergman

105,802 Aufrufe • vor 7 Monaten

🚨 Suryakumar Yadav talking about on Sanju Samson 🚨 "That was my toughest call, like all the other calls. So when we went to Sri Lanka in 2024, he didn't score any runs there. So he said, Surya Bhau, what do you think ? What should I do ? So I said, I will only tell you one thing. I am showing you my confidence and the coach have alreatsgown it". "You will play seven matches in a row. So when we started playing Bangladesh, he scored hundred. Then we went to SA, he scored two hundred. After that there was no looking back". "Then came the New Zealand series, where he was not scoring the runs. Sanju little dip came in 2026. We were sitting and discussing in the Bus. I said Chetta, it seems it will be difficult the way thing are going, he said only one thing. Bhau you take the call and if you ever need me, I am right here". 🫡
3:10

🚨 Suryakumar Yadav talking about on Sanju Samson 🚨 "That was my toughest call, like all the other calls. So when we went to Sri Lanka in 2024, he didn't score any runs there. So he said, Surya Bhau, what do you think ? What should I do ? So I said, I will only tell you one thing. I am showing you my confidence and the coach have alreatsgown it". "You will play seven matches in a row. So when we started playing Bangladesh, he scored hundred. Then we went to SA, he scored two hundred. After that there was no looking back". "Then came the New Zealand series, where he was not scoring the runs. Sanju little dip came in 2026. We were sitting and discussing in the Bus. I said Chetta, it seems it will be difficult the way thing are going, he said only one thing. Bhau you take the call and if you ever need me, I am right here". 🫡

VIKAS

19,674 Aufrufe • vor 27 Tagen

This guy went to Goodwill and found a clock, so he bought it... I bet he opened it up and saw the contents before buying, so of course it was worth the $6. As he was heading to his car, a couple was persistently trying to purchase it from him for $100. They more than likely were the original owners, trying to get there few hundred bucks back. Would you have done the same thing as this guy? Or made a deal with the other folks?
1:04

This guy went to Goodwill and found a clock, so he bought it... I bet he opened it up and saw the contents before buying, so of course it was worth the $6. As he was heading to his car, a couple was persistently trying to purchase it from him for $100. They more than likely were the original owners, trying to get there few hundred bucks back. Would you have done the same thing as this guy? Or made a deal with the other folks?

Rick D

7,690,612 Aufrufe • vor 4 Monaten

Peter Thiel on $NVDA (about a year ago): It is probably quite tricky. If you had to concretize it, one thing that is very strange is if you just follow the money, at this point 80 to 85% of the money in AI is being made by one company, it is NVIDIA. It is all on this very weird hardware layer, which Silicon Valley does not even know very much about anymore. We do not really do hardware, we do not do silicon chips in Silicon Valley anymore. I get pitched on these companies once every three or four years, and it is always, I have no clue how to do this, it sounds like a pretty good idea, but man, I have no clue, and we never invest. There is this theory that the hardware piece makes the money initially, then gets more commodified over time, and it will shift to software. And the, I do not know, multi trillion dollar question is whether that is going to be true again this time, or whether NVIDIA will have this incredible monopoly. I suspect NVIDIA will. I think it will maintain its position for a while. I think the game theory on it is something like this. All the big tech companies are going to start trying to design their own AI chips so they do not have to pay the 10x markup to NVIDIA. How hard is it for them to do it? How long will it take? If they all do it, then the chips become a commodity and nobody makes money in chips. So do you go into hardware? You should do it if nobody else is doing it. If everybody does it, you should not do it. I am not sure how that nets out, but probably people stay stuck for a while and NVIDIA goes from strength to strength for a while.
1:55

Peter Thiel on $NVDA (about a year ago): It is probably quite tricky. If you had to concretize it, one thing that is very strange is if you just follow the money, at this point 80 to 85% of the money in AI is being made by one company, it is NVIDIA. It is all on this very weird hardware layer, which Silicon Valley does not even know very much about anymore. We do not really do hardware, we do not do silicon chips in Silicon Valley anymore. I get pitched on these companies once every three or four years, and it is always, I have no clue how to do this, it sounds like a pretty good idea, but man, I have no clue, and we never invest. There is this theory that the hardware piece makes the money initially, then gets more commodified over time, and it will shift to software. And the, I do not know, multi trillion dollar question is whether that is going to be true again this time, or whether NVIDIA will have this incredible monopoly. I suspect NVIDIA will. I think it will maintain its position for a while. I think the game theory on it is something like this. All the big tech companies are going to start trying to design their own AI chips so they do not have to pay the 10x markup to NVIDIA. How hard is it for them to do it? How long will it take? If they all do it, then the chips become a commodity and nobody makes money in chips. So do you go into hardware? You should do it if nobody else is doing it. If everybody does it, you should not do it. I am not sure how that nets out, but probably people stay stuck for a while and NVIDIA goes from strength to strength for a while.

Wall St Engine

824,912 Aufrufe • vor 10 Monaten

Jensen Huang on how the first 6 months of NVIDIA was just three guys talking about lunch: "We met every day, the three of us, in one of the founders' townhouse in Fremont and we would get together and there would be nothing to do. What do you do? Three guys get together, you just talk. So what did you guys do last night? What did you have for dinner? We talked about that for about six months." Jensen was 30 years old. Never taken a business class. Never taken a marketing class. As he puts it: "The big event of the day would be—hey, where do you guys want to go for lunch? Philly cheese steak today or Chinese food tomorrow. That would be like a big deal. And then after a while it was like could you put some donuts in the fridge in the morning for when we come. That would be a big deal for a while. That lasted for a few months, just the three of us like that." He continues: "I know it sounds pathetic but it's true. At that time I'm reading books on how to start companies and I'm trying to figure out how to go raise money and what's a venture capitalist and how do you incorporate the company." On incorporating NVIDIA: "I met a lawyer and he says we need some money from you so we could price the shares. He says how much money do you have in your pocket? I said $200. So he says okay give me $200. For $200 I bought 20% of NVIDIA." On the business plan: "I never finished my business plan. We never finished a business plan. Never could figure out how to finish a business plan to tell you the truth. If I would have finished that book and read the whole thing, I would have been dead now. We would have run out of money, ran out of time." What VCs actually invest in: "VCs don't invest in business plans because business plans are easy to write. They invest in great people. The question is—do they trust you? Your reputation matters, your history matters. Your reputation will precede you even if your business plan writing skills are inadequate." Great companies start with great people, not great plans.
5:31

Jensen Huang on how the first 6 months of NVIDIA was just three guys talking about lunch: "We met every day, the three of us, in one of the founders' townhouse in Fremont and we would get together and there would be nothing to do. What do you do? Three guys get together, you just talk. So what did you guys do last night? What did you have for dinner? We talked about that for about six months." Jensen was 30 years old. Never taken a business class. Never taken a marketing class. As he puts it: "The big event of the day would be—hey, where do you guys want to go for lunch? Philly cheese steak today or Chinese food tomorrow. That would be like a big deal. And then after a while it was like could you put some donuts in the fridge in the morning for when we come. That would be a big deal for a while. That lasted for a few months, just the three of us like that." He continues: "I know it sounds pathetic but it's true. At that time I'm reading books on how to start companies and I'm trying to figure out how to go raise money and what's a venture capitalist and how do you incorporate the company." On incorporating NVIDIA: "I met a lawyer and he says we need some money from you so we could price the shares. He says how much money do you have in your pocket? I said $200. So he says okay give me $200. For $200 I bought 20% of NVIDIA." On the business plan: "I never finished my business plan. We never finished a business plan. Never could figure out how to finish a business plan to tell you the truth. If I would have finished that book and read the whole thing, I would have been dead now. We would have run out of money, ran out of time." What VCs actually invest in: "VCs don't invest in business plans because business plans are easy to write. They invest in great people. The question is—do they trust you? Your reputation matters, your history matters. Your reputation will precede you even if your business plan writing skills are inadequate." Great companies start with great people, not great plans.

Jaynit

83,373 Aufrufe • vor 8 Monaten

Jensen Huang just told the story of how the AI revolution started with one customer, one box, and a second-floor room nobody thought twice about. Nobody on Earth wanted it. Huang: “When I announced this thing, nobody in the world wanted it. I had no purchase orders. Not one.” Nvidia had spent billions building the DGX-1. The first AI supercomputer purpose-built for deep learning. $300,000 per unit. The entire technology industry looked at it and passed. Every hyperscaler. Every research lab. Every Fortune 500 with a machine learning team. Not one purchase order. Then Elon Musk found Huang at a fireside chat in 2015. Huang: “He goes, ‘You know what? I have a company that could really use this.’” His first customer. His only customer. Then Musk finished the sentence. Huang: “He goes, ‘It’s a non-profit company.’ And all the blood drained out of my face.” Billions in R&D. A $300,000 machine. And the one person on Earth who wanted it could not pay for it. Huang built it anyway. Huang: “I boxed one up. I drove it up to San Francisco and I delivered it to Elon in 2016.” Not shipped. Not handed off to a freight company. The CEO of Nvidia personally boxed the first AI supercomputer and drove it to San Francisco himself. That is not a delivery. That is a bet. Huang: “I walked up to the second floor where they were all kind of in a room. That place turned out to have been OpenAI.” Pieter Abbeel was there. Ilya Sutskever was there. A handful of researchers, one supercomputer, and a room nobody outside that building could have named. No campus. No valuation. No infrastructure. Just raw talent and one machine the rest of the world had already rejected. Huang: “Just a bunch of people in a room.” That room built ChatGPT. That room triggered a $200 billion industry. That room forced every government on Earth to rethink national security. It started because one founder saw what the entire market refused to see, and one CEO drove the weapon there himself. The trillion-dollar AI industry did not begin in a boardroom. It began with a box in the back of a car, a non-profit that could not afford it, and a bet that every serious person in technology thought was insane. The market was unanimous. The market was wrong.
1:41

Jensen Huang just told the story of how the AI revolution started with one customer, one box, and a second-floor room nobody thought twice about. Nobody on Earth wanted it. Huang: “When I announced this thing, nobody in the world wanted it. I had no purchase orders. Not one.” Nvidia had spent billions building the DGX-1. The first AI supercomputer purpose-built for deep learning. $300,000 per unit. The entire technology industry looked at it and passed. Every hyperscaler. Every research lab. Every Fortune 500 with a machine learning team. Not one purchase order. Then Elon Musk found Huang at a fireside chat in 2015. Huang: “He goes, ‘You know what? I have a company that could really use this.’” His first customer. His only customer. Then Musk finished the sentence. Huang: “He goes, ‘It’s a non-profit company.’ And all the blood drained out of my face.” Billions in R&D. A $300,000 machine. And the one person on Earth who wanted it could not pay for it. Huang built it anyway. Huang: “I boxed one up. I drove it up to San Francisco and I delivered it to Elon in 2016.” Not shipped. Not handed off to a freight company. The CEO of Nvidia personally boxed the first AI supercomputer and drove it to San Francisco himself. That is not a delivery. That is a bet. Huang: “I walked up to the second floor where they were all kind of in a room. That place turned out to have been OpenAI.” Pieter Abbeel was there. Ilya Sutskever was there. A handful of researchers, one supercomputer, and a room nobody outside that building could have named. No campus. No valuation. No infrastructure. Just raw talent and one machine the rest of the world had already rejected. Huang: “Just a bunch of people in a room.” That room built ChatGPT. That room triggered a $200 billion industry. That room forced every government on Earth to rethink national security. It started because one founder saw what the entire market refused to see, and one CEO drove the weapon there himself. The trillion-dollar AI industry did not begin in a boardroom. It began with a box in the back of a car, a non-profit that could not afford it, and a bet that every serious person in technology thought was insane. The market was unanimous. The market was wrong.

Dustin

25,119 Aufrufe • vor 6 Monaten

Carlos about the early pit stop and how it wasn’t planned “I was really close to not getting into the pitlane because it seemed too early, and during that lap it seemed we had opportunity to overtake, but I followed the team order. The team asked me to pit during that lap, so I obeyed. I had the feeling it wasn't the right thing to do, later it was confirmed I was right.” “As a team we have to learn, we win or lose as a team, so we have to figure out how to do better on sundays” #ImolaGP
0:41

Carlos about the early pit stop and how it wasn’t planned “I was really close to not getting into the pitlane because it seemed too early, and during that lap it seemed we had opportunity to overtake, but I followed the team order. The team asked me to pit during that lap, so I obeyed. I had the feeling it wasn't the right thing to do, later it was confirmed I was right.” “As a team we have to learn, we win or lose as a team, so we have to figure out how to do better on sundays” #ImolaGP

ari

109,103 Aufrufe • vor 1 Jahr

👤: how did you feel when you first heard about forming a unit? 🐰: since it was a unit we suggested anyway 🐶: we told the company, “we’ll do it as a duo” 🐰: initially, while just chatting with jeno, he first suggested, “shall we try it as a duo?” he was just talking casually, but i suddenly got inspired on my own and without telling jeno, i went ahead and told the company. after talking about it, suddenly we found ourselves preparing for it. so the unit actually started around march or april last year? 🐶: it was overseas. the first time this idea came up was in a hotel room. 👤: did you originally plan to form a unit together? 🐶: we didn’t think about it for a long time, but it was a time when we had to think about the future. and more members were starting solo activities. then i thought, “why not do a unit?” and talked to jaemin.
1:18

👤: how did you feel when you first heard about forming a unit? 🐰: since it was a unit we suggested anyway 🐶: we told the company, “we’ll do it as a duo” 🐰: initially, while just chatting with jeno, he first suggested, “shall we try it as a duo?” he was just talking casually, but i suddenly got inspired on my own and without telling jeno, i went ahead and told the company. after talking about it, suddenly we found ourselves preparing for it. so the unit actually started around march or april last year? 🐶: it was overseas. the first time this idea came up was in a hotel room. 👤: did you originally plan to form a unit together? 🐶: we didn’t think about it for a long time, but it was a time when we had to think about the future. and more members were starting solo activities. then i thought, “why not do a unit?” and talked to jaemin.

★★ archive

46,779 Aufrufe • vor 6 Monaten