Stephen Witt

Every single one without exception runs on an Nvidia Thor Jensen chip in its brain.

Is a monopoly on the robotics inference market which did not exist until he invented it.

Okay, so this is how Jensen thinks and this is how he works.

And you know, there's a cost to this, right?

Like he's losing money for years, building these products that nobody is buying, right?

And actually in the old days, in the 2005 days, it almost got him kicked out of his job.

Like the investors didn't like it.

They were like, what are you doing?

You should be returning this money to shareholders via share purchases or paying a dividend.

Why are you chasing this pie in the sky market that doesn't exist?

but you know, he had the last laugh.

From Jensen's point of view, it's actually riskier not to do it.

I remember asking him, why did you ship this expensive super computing software with every card, including the ones you're selling at Best Buy?

Like, why are you doing that?

And he's like, well, it was risky to do that, but there was also a risk in not doing that.

And a long time, I didn't understand what he meant.

But Jensen is a disciple of Clayton Christensen, wrote a book, as I'm sure you're familiar with, called The Innovator's Dilemma.

And this is the book that brought the buzzword disruption into kind of modern parlance.

The term disruption has grown meaningless through overuse.

But if you go back and read the original version, what Clayton is talking about is not necessarily high-tech technology.