CNBC AI News – July 21 – During a recent interview in China, Nvidia CEO Jensen Huang quipped that he always feels like the company is on the verge of collapse, a statement that drew some playful skepticism online given Nvidia’s current $4 trillion market capitalization.
From its origins as a graphics card powerhouse revered by gamers to its present-day role as a leading provider of AI infrastructure, Nvidia’s trajectory hasn’t been without its near-death experiences. The company has faced potential bankruptcy not once, but twice.
In the fast-paced worlds of chip design and AI, technological obsolescence is a constant threat. Huang has stated that he feels an unrelenting pressure to innovate.
Huang reportedly begins meetings at Nvidia with a stark reminder: “We’re only 30 days from going out of business.” He has also publicly stated his intention to continue working well into his 80s and beyond, suggesting a commitment to Nvidia’s future.
Reviewing Nvidia’s near-bankruptcy moments:
1. Nvidia partnered with SEGA to develop the display chip for the Dreamcast console. However, architectural incompatibilities with the market led to the product’s failure, draining Nvidia’s resources. Huang personally negotiated a $5 million emergency investment to keep the company afloat.
2. A design flaw in Nvidia’s graphics cards caused widespread failures in solder points, triggering a crisis of confidence in the brand. Huang publicly acknowledged the issue, initiated a product recall, and offered full refunds, eventually rebuilding customer trust.
Huang’s candid admission reflects the intense pressure he faces: “For 33 years, every day, every minute, I’ve lived under pressure. For every second of those 33 years, I’ve felt the weight of the company, our customers, and the market. That pressure has never left me, not even for a moment.”
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