Nvidia CEO Jensen Huang and the $2 trillion company powering today's AI | 60 Minutes

00:13:23
https://www.youtube.com/watch?v=DpQQi2scsHo

Summary

TLDRThis video discusses the impressive rise of Nvidia, a California-based chipmaker, now valued over $2 trillion. This growth is attributed to the increasing demand for its cutting-edge AI technology and GPUs, essential for today's technology advancements. Founders Jensen Huang and his counterparts started in 1993 with the aim of enhancing video game graphics, ultimately revolutionizing the chip industry. They developed the GPU, which processes calculations simultaneously, offering advantages for AI development. Nvidia's technology aids in various fields, including drug discovery and robotics. Concerns exist regarding AI's future impact, but the current focus is on progress and productivity enhancements through AI.

Takeaways

  • 💰 Nvidia is now valued over $2 trillion.
  • 🎮 Nvidia started by enhancing video game graphics.
  • 🚀 Nvidia’s GPU technology powers AI advancements.
  • 🔍 AI applications include drug discovery.
  • 🤖 Nvidia's tech is addressing labor shortages with robots.
  • 🌍 Nvidia's AI creates digital twins, like Earth simulations.
  • 🧪 AI aids in creating protein drugs in the pharma industry.
  • 📈 Strong market confidence in Nvidia’s AI capabilities.
  • 🛑 Concerns about AI risks to humanity.
  • 📚 Nvidia originated from an idea in a California Denny’s.

Timeline

  • 00:00:00 - 00:05:00

    Nvidia, among four global giants valued over $2 trillion, owes its rapid rise to its groundbreaking technology fueling AI advancements. Founded in 1993 to enhance video game graphics, Nvidia, now a leader in AI, saw its market cap double in eight months. At the core of Nvidia's success is its Graphics Processing Unit (GPU), essential for modern AI's capacity to process vast amounts of data rapidly. CEO Jensen Hang emphasizes AI's potential to revolutionize industries such as drug discovery and material design, drawing parallels to transformative innovations like the iPhone.

  • 00:05:00 - 00:13:23

    Nvidia's AI technology is influencing diverse fields. It aids in creating synthetic proteins for drug development, as seen with Generate Biomedicines' work on new proteins for diseases like cancer. AI applications go beyond, with Nvidia's GPUs driving real-time virtual environments for film and practical robotics applications, such as Figure AI's humanoid robot set to debut in BMW factories. Despite fears AI and robotics may usurp jobs, proponents argue they lead to enhanced productivity and new opportunities. Jensen Hang reflects on Nvidia's journey from humble beginnings to a pivotal AI enabler, cautioning that AI brings both advancement and existential risks. Industry experts advocate for responsible AI development, acknowledging its potential benefits alongside societal concerns.

Mind Map

Video Q&A

  • What companies are worth more than $2 trillion?

    Microsoft, Apple, Alphabet, and Nvidia.

  • Who is the CEO of Nvidia?

    Jensen Huang.

  • How quickly did Nvidia reach a market valuation of $2 trillion?

    In just eight months.

  • What breakthrough technology is Nvidia known for?

    Their Graphics Processing Unit (GPU) technology.

  • What does Nvidia’s GPU do uniquely?

    It processes myriad calculations simultaneously, unlike standard chips.

  • What industry uses Nvidia's AI technology for protein-based drug discovery?

    The pharmaceutical industry.

  • What is Figure 1 robot?

    An Nvidia-powered prototype designed to tackle labor shortages.

  • Where did Nvidia originate its company idea?

    At a Denny's in San Jose, California.

  • What is the future expectation for Nvidia's technology?

    Billions of robots and more AI-driven applications.

  • What concerns exist around AI technology development?

    The potential risk to humanity and ethical considerations.

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  • 00:00:01
    only four companies in the world are
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    worth more than $2 trillion doar
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    Microsoft Apple alphabet parent company
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    of Google and computer chip maker Nvidia
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    the California based company saw its
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    stock market value sore from 1 trillion
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    to $2 trillion in just eight months this
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    past year fueled by the insatiable
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    demand for its cuttingedge technology
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    the hardware and software that make
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    today's artificial intelligence
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    possible we wondered how a company
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    founded in 1993 to improve video game
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    Graphics turned into a Titan of 21st
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    century AI so we went to Silicon Valley
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    to meet nvidia's 61-year-old co-founder
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    and CEO Jensen hang who has no doubt AI
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    is about to change
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    everything the story will continue in a
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    moment
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    [Music]
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    at nvidia's annual developers conference
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    this past March the mood wasn't just
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    upbeat it was downright giddy more than
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    11,000 enthusiasts software developers
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    Tech Mogul and happy shareholders filed
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    into San Jose's Pro Hockey Arena to kick
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    off a 4-day AI extrav
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    aganza they came to see this man Jensen
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    hang CEO of Nvidia welcome to
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    GTC what was that like for you to walk
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    out on that stage and see that you know
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    Bill I'm an engineer not a performer
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    when I walked out there and all of the
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    people going crazy it took the breath
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    out of me and so that was the scariest
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    I've ever been I'm still
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    scared you'd never know it in his
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    signature cool black outfit Jensen
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    shared the stage with Nvidia powered
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    robots let me finish up real quick and
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    shared his vision of an AI future a new
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    Industrial Revolution it reminded us of
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    the transformational moment when Apple
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    Steve Jobs unveiled the iPhone Jensen
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    hang unveiled nvidia's latest Graphics
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    Processing Unit or GPU this is Blackwell
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    designed in America but made in Taiwan
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    like most advanced semiconductors
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    Blackwell he says is the fastest chip
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    ever Google is gearing up for Blackwell
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    the whole industry is gearing up for
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    Blackwell Nvidia ushered in the AI
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    Revolution with its gamechanging GPU a
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    single chip able to process a myriad of
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    calculations all at once not
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    sequentially like more standard chips
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    the GPU is the engine of nvidia's AI
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    computer enabling it to w rapidly absorb
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    a fire hose of information it does
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    quadrillions of calculations a second
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    it's just insane numbers is it doing
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    things now that surprise you we're
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    hoping that it does things that surprise
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    us that's the whole point in some areas
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    like drug Discovery designing better
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    materials that are lighter stronger we
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    need artificial intelligence to help us
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    explore the universe in places that we
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    could have never done ourselves let me
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    show you here bill look at this Jensen
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    took us around the GTC convention hall
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    to show us what AI has made possible in
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    just the past few years I'm making your
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    drink now some Creations were dazzling
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    this is a digital twin of the earth once
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    it learns how to calculate weather it
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    can calculate and predict weather 3,000
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    times faster than a supercomputer and a
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    thousand times less energy but nvidia's
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    AI Revolution extends far beyond this
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    Hall BL
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    metallic spaceship and let's generate
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    something panar Sean demera is
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    originally from Istanbul but co-founded
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    cubric near Boston her AI application
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    uses nvidia's gpus to instantly turn a
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    simple text prompt into a virtual movie
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    set for a fraction of the cost of
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    today's backdrops this isn't something
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    that's already planned no we're doing it
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    in real time it's life is Hollywood
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    knocking at your door and we're we're
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    getting a lot of
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    love nearby at generate biom medicines
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    doctor Alex Snider head of research and
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    development is using nvidia's technology
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    to create protein-based drugs she was
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    surprised at first to see they showed
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    promise in the lab initially when I was
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    told about the application of AI to drug
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    development I sort of rolled my eyes and
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    said yeah you know show me the data and
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    then I looked at the data and it was
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    very compelling Dr Snider's team asks
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    its AI models to create new proteins to
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    fight specific diseases like cancer and
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    Asthma a new way to defeat the Corona
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    virus is now in clinical trials you're
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    now working with proteins that do not
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    exist in nature that you're coming up
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    with by way of AI yes we are actually
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    generating what we call denovo
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    completely new structures that have not
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    existed before do you trust it as
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    scientists we can't trust we have to
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    test we're not putting Frankenstein into
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    people we're taking what's known and
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    we're really pushing the field we're
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    pushing the biology to make drugs that
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    look like regular drugs but function
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    even better this is a technology that
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    will only get better from here Brett
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    Adcock is CEO of figure a Silicon Valley
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    startup with funding from Nvidia look at
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    his answer to labor shortages an Nvidia
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    GP driven prototype called Figure one I
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    think what's been really extraordinary
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    is the pace of progress we've made in 21
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    months from zero to this in Z to this
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    yeah we we were walking this robot in
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    under a year since I Incorporated the
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    company could you do this without
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    invidious technology we think they're
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    arguably the best in the world at this I
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    don't know if this would be possible
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    without them I'm here to assist with
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    tasks as requested we were amazed that
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    figure one is not just walking but
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    seemed to reason hand me something
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    healthy on it figure one was able to
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    understand I wanted the orange not the
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    packaged snack thank you it's not yet
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    perfected yeah you're going to get it
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    but the early results are so promising
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    German automaker BMW plans to start
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    testing the robot in its South Carolina
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    Factory this year I think there's an
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    opportunity to ship billions of robots
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    in the coming
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    decades onto the planet billions I would
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    think that a lot of workers would look
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    at that as this robot is taking my job I
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    think over time Ai and Robotics will
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    start doing more and more what humans
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    can and better but what about the worker
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    the workers work for companies and so
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    companies when they become more
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    productive earnings increase I've never
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    seen one company that had earnings
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    increase and not hire more people there
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    are some jobs that are going to become
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    obsolete well let me offer it this way I
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    believe that you still want human in the
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    loop because we have good judgment
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    because there are circumstances that the
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    machines are not just not going to
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    understand the futuristic Nvidia campus
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    sits just down the road from its modest
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    birth place this Denny's in San Jose
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    good morning where 31 years ago in video
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    was just an idea my goodness when he was
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    15 Jensen hang worked as a dishwasher at
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    Denny's as a 30-year-old electrical
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    engineer married with two children he
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    and two friends Nvidia co-founders Chris
  • 00:08:15
    malikowski and Curtis PR envisioned a
  • 00:08:19
    whole new way of processing video game
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    graphics and so we came here right here
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    to this Denny's sat right back there and
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    the three of us decided to start the
  • 00:08:28
    company frankly I had no idea how to do
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    it and nor did they none of us knew how
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    to do anything their big idea accelerate
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    the processing power of computers with a
  • 00:08:40
    new graphics chip their initial attempt
  • 00:08:43
    flopped and nearly bankrupted the
  • 00:08:45
    company in
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    1996 and the genius of the engineers and
  • 00:08:50
    Christen Curtis um we pivoted to the
  • 00:08:53
    right way of doing things and created
  • 00:08:55
    their groundbreaking GPU the chip took
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    video games from
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    this to this today completely changed
  • 00:09:06
    computer Graphics saved the company uh
  • 00:09:09
    launched us into into the stratosphere
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    just eight years after Denny's Nvidia
  • 00:09:15
    earned a spot in the S&P 500 Jensen then
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    set his sites on developing the software
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    and hardware for a revolutionary GPU
  • 00:09:24
    driven superc computer which would take
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    the company far beyond video games
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    to Wall Street it was a risky bet to
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    early developers of AI it was a
  • 00:09:36
    revelation was that luck or was that
  • 00:09:38
    Vision that was a a luck founded by
  • 00:09:41
    Vision we invented this capability and
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    then one day the researchers that were
  • 00:09:48
    uh creating deep
  • 00:09:49
    learning discovered this architecture
  • 00:09:52
    because this architecture turns out to
  • 00:09:54
    have been perfect for them perfect for
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    AI perfect for AI this is the first one
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    we've ever
  • 00:10:00
    in 2016 Jensen delivered nvidia's AI
  • 00:10:04
    supercomputer the first of its kind to
  • 00:10:06
    Elon Musk then a board member of open AI
  • 00:10:10
    which used it to create the building
  • 00:10:12
    blocks of chat GPT how are you when AI
  • 00:10:16
    took off hey guys so did Jensen hang's
  • 00:10:21
    reputation can we get a picture yeah
  • 00:10:23
    yeah he's now a Silicon Valley celebrity
  • 00:10:26
    he told us the boy who immigrated from
  • 00:10:28
    Taiwan at age n could never have
  • 00:10:31
    conceived of this it is the most
  • 00:10:34
    extraordinary thing bill that a
  • 00:10:37
    normal dishwasher bus boy could grow up
  • 00:10:40
    to be this there's no magic it's just 61
  • 00:10:44
    years of hard work every single day I
  • 00:10:48
    don't think there's anything more than
  • 00:10:49
    that we met a humble Jensen at Denny's
  • 00:10:53
    back at nvidia's headquarters in Santa
  • 00:10:55
    Clara we saw he can be intense
  • 00:10:59
    let me tell you what some of the people
  • 00:11:00
    who you work with said about you
  • 00:11:03
    demanding perfectionist not easy to work
  • 00:11:06
    for all that sound right perfectly yeah
  • 00:11:11
    it should be like that if you want to do
  • 00:11:14
    extraordinary things it shouldn't be
  • 00:11:16
    easy all right guys keep up the good
  • 00:11:18
    work Nvidia has never done better
  • 00:11:21
    investors are bullish but last year more
  • 00:11:24
    than 600 top AI scientists ethicists and
  • 00:11:28
    others signed this statement urging
  • 00:11:30
    caution warning of ai's risk to humanity
  • 00:11:34
    when I talk to you and I hear you speak
  • 00:11:37
    Part of Me Goes gee whiz and the other
  • 00:11:40
    part of me goes oh my God what are we in
  • 00:11:43
    for yeah yeah which one is it it's both
  • 00:11:47
    it's both yeah you're feeling all the
  • 00:11:49
    right feelings I feel both you feel both
  • 00:11:52
    sure sure Humanity will have the choice
  • 00:11:55
    to see themselves inferior to machines
  • 00:11:59
    or Superior to machines Pinar Sean
  • 00:12:02
    demera is an AI Optimist though she
  • 00:12:05
    named her company cubric and homage to
  • 00:12:08
    Stanley kubert the director of 2001 A
  • 00:12:11
    Space Odyssey hello hell do you read me
  • 00:12:14
    in that film Hal the AI computer goes
  • 00:12:17
    Rogue open the pod bay doors
  • 00:12:21
    H I'm sorry Dave I'm afraid I can't do
  • 00:12:25
    that I think that's what worries people
  • 00:12:28
    about AI
  • 00:12:30
    that we will lose control of it just
  • 00:12:34
    because a machine can do faster
  • 00:12:36
    calculations comparisons and analytical
  • 00:12:39
    solution creation that doesn't make you
  • 00:12:41
    smarter than you it simply computat
  • 00:12:44
    faster in my world in my belief smarts
  • 00:12:48
    have to do with your capacity to love
  • 00:12:50
    create expand
  • 00:12:53
    transcend these are qualities that no
  • 00:12:56
    machine can ever bear that are deserve
  • 00:12:59
    to Only Humans there is something going
  • 00:13:02
    on Jensen hang sees an AI future of
  • 00:13:05
    progress and prosperity not one with
  • 00:13:08
    machines as our masters we can only hope
  • 00:13:12
    he's right thank you all for coming
  • 00:13:15
    thank you
Tags
  • Nvidia
  • AI
  • Jensen Huang
  • GPUs
  • Technology
  • Innovation
  • Robotics
  • Market Valuation
  • AI Impact
  • Chipmaker