"There are so many great, amazing foundation model companies, and we try to invest in all of them. We don't pick winners. We need to support everyone."
"When Nvidia first started, there were 60 3D graphics companies. If you would have taken those 60 graphics companies and asked yourself which one was going to make it, Nvidia would be at the top of that list not to make it."
"I have enough humility to recognize that. Don't pick winners."
"The reason for that is because they're going to go public."
Nvidia invests in a wide range of tech companies, including those in AI, biotech, and robotics, rather than selecting a few. Jensen Huang emphasizes that Nvidia's history teaches humility in predicting success. Initially, Nvidia was not expected to succeed among 60 graphics companies. The company has made significant investments, including $10 billion in Anthropic and $30 billion in OpenAI, and has stakes in various public companies. Huang suggests these may be Nvidia's last investments in private firms as they prepare to go public.
Read at www.businessinsider.com
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