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The Enchantment of the Holidays
Your Essential Digital Marketing Resource Guide for Small Businesses How Ketchup Transformed From Cure to Condiment Business Lessons From Nvidia’s Rise to $1 Trillion
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Since the latter part of 2022, interest in AI chatbots like ChatGPT has exploded worldwide. Over 100 million people used ChatGPT to plan vacations, write emails, and outline speeches. This was bad news for copywriters but fantastic news for a technology company many people have never heard of: Nvidia. Between October 2022 and May 2023, Nvidia’s market valuation spiked 200%. Then, in May, the company hit a significant milestone: It reached a total worth of $1 trillion, placing it in the exclusive “$1 Trillion Valuation Club.” That club has just four other members: Alphabet (the parent company of Google), Amazon, Microsoft, and Apple. All four companies are household names — so how did Nvidia make the list and experience such massive, rapid growth? The Founding of Nvidia The story starts back in 1993. That year, electrical engineers Jensen Huang, Curtis Priem, and Chris Malachowsky decided to go into business together. They brainstormed the idea for Nvidia — which initially made graphics chips for personal computers, pushing the limits of 3D graphics — in a Fremont, California, townhouse. After six months of meeting with venture capitalists, the friends finally found investors. Thrilled with their good fortune, they pooled $800 to incorporate Nvidia. Each founder purchased 20% of the company for $200; the other $200 went IT’S BIGGER THAN NETFLIX AND FACEBOOK COMBINED: Learn How Nvidia Grew 200% in One Year!
toward hiring a lawyer. One day, they predicted, their $800 company would be part of a chip market worth $200 billion. Of the three founders, the most notable is Jensen Huang, Nvidia’s president and CEO. Huang was born in Taiwan but moved to the U.S. at age 9. He earned a bachelor’s degree from Oregon State University and a master’s from Stanford University (both in electrical engineering), then went on to work at LSI Logic and Advanced Micro Devices.
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