The Best One Yet
♟️ “Pawn Stars — Chess’ “random” disruption. Netflix’s unlimited parental leave. Time’s CEO of the Year.
Fri, 13 Dec
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Chess has a new World Champ… but traditional chess is getting disrupted by rando chess.Netflix’s legendary unlimited parental leave policy is under pressure… so we calculated the ROI.Time just named AMD’s Lisa Su CEO of the year… because she has 1 incredible hero metric.Plus, Taco Bell just opened Taco Bar… They call it a cafe, but we see a night club.$AMD $NFLX $SPYWant more business storytelling from us? Check out the latest episode of our new weekly deepdive show: The untold origin story of… Nike’s Air Jordans 🏀 Subscribe to The Best Idea Yet: Wondery.fm/TheBestIdeaYetLinks to listen.—-----------------------------------------------------Subscribe to our new (2nd) show… The Best Idea Yet: Wondery.fm/TheBestIdeaYetLinksEpisodes drop weekly. It’s The Best Idea Yet.GET ON THE POD: Submit a shoutout or fact: https://tboypod.com/shoutouts FOR MORE NICK & JACK: Newsletter: https://tboypod.com/newsletter Connect with Nick: https://www.linkedin.com/in/nicolas-martell/ Connect with Jack: https://www.linkedin.com/in/jack-crivici-kramer/ SOCIALS:Instagram: https://www.instagram.com/tboypod TikTok: https://www.tiktok.com/@tboypodYouTube: https://www.youtube.com/@tboypod Anything else: https://tboypod.com/ Subscribe to our new (2nd) show… The Best Idea Yet: Wondery.fm/TheBestIdeaYetLinksEpisodes drop weekly. It’s The Best Idea Yet.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Chapter 1: What recent changes are happening in the chess world?
For our third and final story, Time Magazine just named the CEO of the year, and it's Lisa Su.
Because Lisa Su runs the second largest chip company in America, and she's grown it by 50x. 97 years. That's a long time. Time Magazine's editor has been picking people of the year over there. And why do they pick People of the Year in the first place? Well, it's actually kind of a funny detail, Jack. The editors of Time noticed that no news happens during the holidays. It's slow.
So they created the biggest news event of mid-December. And what's the actual criteria for Person of the Year? According to Time Magazine, it's the person who most affected the news and our lives, for good or for ill, and embodied what was most important about the year. Well, yesterday, Time announced that Donald Trump has been selected second time person of the year.
He is the 16th person to be chosen twice. And there's actually one person who's been chosen three times. FDR, because he was president all the time. But Time Magazine also named the CEO of the year yesterday. Interesting, and who've we got, Jack? It's someone who has grown their company's value by 50x since taking over as CEO.
And isn't Jensen Wang of NVIDIA, it's not Marky Mark Zuckerberg, and it ain't Elon Musk either. It's Lisa Su of AMD. Lisa Su, come on down. Lisa Su of AMD is the Time CEO of the Year. Born in Taiwan, raised in the Bronx, she graduated from MIT and is a rare engineer CEO. Yeah, she's basically like the Caitlin Clark of computer chips.
Ten years ago, she became the CEO of Advanced Micro Devices, or AMD for short. Actually, the first woman to lead a semiconductor company. Hadn't happened before. And when she took over... Her company had declining revenue. They were deep in debt. They had 25% of their company recently laid off, and the stock price was just $3 a share. Okay, so 10 years ago, what did Lisa do, Jack?
She whipped up a controversial turnaround plan. This was not what anyone expected at that time. Instead of making many different kinds of chips for multiple different types of customers, she dedicated the company to being best in just one chip. We're doing one chip, one fancy Louis Vuitton of chips.
And that one chip was for cloud computing and it was called Zen. Zen. And her bet worked. It did. It did. The Zen chip became number one in the industry. Today, they've got 34% of cloud computing market share. And that chip is the chip that powers the most powerful supercomputer in the world known as El Capitan. Now, Jack, we should sprinkle on a little chip industry context here.
AMD is a distant number two in America to NVIDIA. Yeah, NVIDIA is worth 15 times more. AMD is number one in cloud computing. NVIDIA is number one in AI. And AI is simply more valuable than cloud computing right now. Oh, also, fun fact that we noticed. What's this jam, Jack? Lisa is actually a distant relative of Jensen Huang. Can you believe that?
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Chapter 3: What are the business implications of Taco Bell's new concept?
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