Nvidia CEO: Smart, successful people struggle with these 2 traits—but they kept my $2 trillion company from collapsing

It's never easy to admit you made a mistake, or ask for help fixing it — but doing both of those things once saved tech giantfor its computer chips. But in 1996, it was three years old, facing layoffs and close to going out of business as a contract with a major partner — video game company Sega — fell apart.

Huang's strategy to keep Nvidia afloat involved a rare amount of humility for a CEO, he told graduating students in aAs part of the Sega contract, Nvidia needed to make chips for rendering 3D graphics on gaming consoles, Huang explained. The contract was a big deal for the young business and it essentially"funded our company," he added.

"I was embarrassed to ask," said Huang."The CEO of Sega, to his credit and my amazement, agreed. His understanding and generosity gave us six months to live.". Huang used the money from the Sega contract to scrap Nvidia's initial efforts and to build a new chip — the RIVA 128 — that was compatible with DirectX.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Palo Alto Networks CEO explains why he's partnering with companies like NvidiaPalo Alto Networks CEO Nikesh Arora told CNBC’s Jim Cramer it’s important to partner with AI companies to protect customers from hackers using the…
Fuente: NBCLA - 🏆 319. / 59 Leer más »

Nvidia CEO Jensen Huang explains why his company is making humanoid robotsNvidia CEO Jensen Huang told CNBC’s Jim Cramer his company is making humanoid robots because data used to train these models comes from people.
Fuente: NBCLA - 🏆 319. / 59 Leer más »