Sunday, May 26, 2024

Ads by Google

Ads by Google

HomeNewsNvidia CEO Jensen Huang believes their is ‘low probability of success’ if...

Nvidia CEO Jensen Huang believes their is ‘low probability of success’ if company is started because of this reason

Mar 11, 2024 03:30 PM IST

Jensen Huang said, “I hope that if I leave you with anything, money is the only singular reason not to start a company.”

Nvidia CEO Jensen Huang said that anyone should build a company if they are passionate about it in a recent economic forum held at Stanford University. Advising the students, the billionaire said, “I hope that if I leave you with anything, money is the only singular reason not to start a company. Because starting a company has a very low probability of success. And so if that is your reason for doing it, you will likely regret the experience.”

Jensen Huang, CEO of NVIDIA, participates in the 2024 Stanford Institute for Economic Policy Research Summit in Palo Alto, California.(Reuters)
Jensen Huang, CEO of NVIDIA, participates in the 2024 Stanford Institute for Economic Policy Research Summit in Palo Alto, California.(Reuters)

Read more: Jeff Bezos’ investment in this AI startup has doubled in value in a few months. It’s a major Google rival

He explained, “You should build a company because you believe in your idea, you’re passionate about it, and you want to build something great… You have to have a perspective that’s unique and that you feel really strongly about, so you’re willing to persevere almost any challenge to make it happen.”

Hindustan Times – your fastest source for breaking news! Read now.

Read more: Elon Musk says his AI startup xAI will open-source Grok chatbot, ChatGPT’s rival

At the forum, he also said that artificial general intelligence could potentially emerge within the next five years but this depends on the definition of the goal.

Stressing that the timeline for achieving this is based on how one defines the concept, Jensen Huang said that if the benchmark is the ability to pass human tests, it could become a reality sooner than expected.

Read more: Byju’s tells employees to work from home, gives up most office spaces in India

“If I gave an AI … every single test that you can possibly imagine, you make that list of tests and put it in front of the computer science industry, and I’m guessing in five years time, we’ll do well on every single one,” he said.

Read more: Advance tax liability: You need to pay advance income tax by this date to avoid penalties

Addressing a query on how many more chip factories-“fabs”- are needed to support the expansion of the AI industry, he said, “We’re going to need more fabs. However, remember that we’re also improving the algorithms and the processing of (AI) tremendously over time. It’s not as if the efficiency of computing is what it is today, and therefore the demand is this much. I’m improving computing by a million times over 10 years.”

Unlock a world of Benefits with HT! From insightful newsletters to real-time news alerts and a personalized news feed – it’s all here, just a click away!- Login Now!
Stay informed on Business News along with Gold Rates Today, India News and other related updates on Hindustan Times Website and APPs

  • ABOUT THE AUTHOR
    author-default-90x90

    Follow the latest breaking news and developments from India and around the world with Hindustan Times’ newsdesk. From politics and policies to the economy and the environment, from local issues to national events and global affairs, we’ve got you covered.