Jensen Huang

And they believe that we can deliver through to all of the customers around the world.

They're willing to start several hundred billion dollars at a time.

The scale's incredible.

First of all, the advantage that Google had is foresight.

Remember, they started TPU1

before everything started.

You know, this is no different than a startup.

You're supposed to build a startup, you're supposed to create a startup before the market grows.

You're not supposed to come up as a startup when the market's a trillion dollars large.

You know, this fallacy, and all VCs know this, this fallacy that a large market, if you could just take a few percent market share, you could be a giant company.

That's actually fundamentally wrong.

you're supposed to take 100% of a tiny company, a tiny industry, which is what NVIDIA did, right?

Which is what TPUs did.

There were only the two of us.

That's right.

And so that's the challenge for people who are building ASICs now.

It looks like a juicy market.

But remember, this juicy market has evolved from a chip called a GPU to, I just described, an AI factory.

And you guys just saw I just announced a chip called CPX.

for context processing and diffusion video generation, a very specialized workload, but an important workload inside the data center.