Nvidia was established with an initial investment of $40,000 (Rs.33.36 lakh) in 1991, later receiving an infusion of $20 million (Rs.166 crore) from investors like Sequoia Capital.
Nvidia initially focused on the gaming sector, providing hardware for playing 3D computer games. In more recent times, it diversified its offerings to include cryptocurrency mining chips and cloud subscription services. At present, it has become the world’s second most valuable company behind only Microsoft.
Nvidia’s founder, president, and CEO, Jensen Huang, frequently grabs headlines due to his remarkable success. In a relatively short period, his net worth has surged to around $93 billion USD (about Rs. 7.75 lakh crore).
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Recently, Huang expressed his belief in not resorting to employee layoffs. Instead, he prefers to concentrate on helping employees improve and teaching them how to perform their roles more efficiently.
Also Read: 2nd most valuable company in the world, Nvidia’s Jensen Huang is now 13th richest person. This is his net worth!
Nvidia chief Jensen Huang says he never gives up on his employees
In an interview, the billionaire boss said that he “would rather improve you than give up on you” if you were an employee in his company.
He said, “When you fire somebody, you’re saying, a lot of people say: ‘it wasn’t your fault’, or ‘I made the wrong choice’, or ‘there are very few jobs’. Look, I used to clean bathrooms, and now I’m the CEO of a company. I think you can learn it. I’m pretty certain you can learn this. And there are a lot of things in life that I believe you can learn, and you just have to be given the opportunity to learn it.”
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He elaborated on his philosophy and shared how he came to learn it. He said, “I had the benefit of watching a lot of smart people do a lot of things. I’m surrounded by 60 people. They’re doing smart things all the time, and they probably don’t realize it, but I’m learning constantly from every single one of them. And so I don’t like giving up on people because I think they could improve.”
Huang’s ideology is ‘torture them into greatness’
“And so it’s tongue in cheek, but people know that I rather torture them into greatness. So, I would rather torture you into greatness because I believe in you. And I think coaches that that really believe in their team, torture them into greatness. And oftentimes, they’re so close, don’t give up. They’re so close to greatness,” he said.
Zuckerberg simply captioned the photo, “Jersey Swap” | Image: Instagram
The Nvidia boss further added, “It comes all of a sudden one day, ‘I got it!’. Do you know what I’m saying? That feeling that you didn’t get it yesterday? And all of a sudden, one day, something clicked; ‘oh, I got it!’ Could you imagine you gave up that just that moment right before you got it? So I don’t want you to give up on that. So I’ll just keep torturing you.”