Jensen Huang to stay on: Nvidia CEO confirms no plans to step down
Nvidia CEO Jensen Huang, 62, has no immediate plans to step down, citing his sustained interest and ability to meet performance expectations. He emphasized the 'great responsibility' of leading the AI chip giant, which has become the world's most valuable company under his 31-year leadership.
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Nvidia CEO Jensen Huang has revealed he has no plans to step down from his position at the company anytime soon. He noted that he will remain in charge for now. During a question-and-answer session at CES, 62-year-old Huang said this in response to shareholders' questions about his future at the chipmaker.
Huang has led Nvidia since he started the company in 1993. He said he currently has no plans to leave his role, while the company has yet to announce who may replace him in the coming days.Huang attributed his long tenure to his continued interest in the company’s operations and his ability to meet performance expectations. He said, “The secret for being CEO for this long is 1, don't get fired, and 2, don't get bored. I don't know which one comes first. How long [will I remain CEO]? For as long as I deserve it."
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Why Jensen Huang believes being Nvidia CEO is a ‘great responsibility’
Huang said that there is a “great responsibility” in being Nvidia's CEO. He noted that the AI chipmaker's performance will not just affect the tech industry but will also impact the entire market.“We are the captain of this industry and we have supply chain partners and collaboration partners all over the world who are counting on us to do our part. So there is a great responsibility that comes with our company. It took us 34 years to get here. We're getting good at it. If you do something for 34 years, you can figure it out,” he explained.
Huang and Nvidia will have a lot of work to do in the coming years. At CES, Huang announced Nvidia’s next-generation Vera Rubin superchip, which will begin shipping later this year. The company also announced a partnership with Mercedes-Benz to develop self-driving technology that will compete with Tesla's Autopilot.The Vera Rubin platform, which is named after American astronomer Vera Rubin, who changed how scientists understand galaxy motion, was one of the biggest highlights.
It promises to train AI 10 times more efficiently than its previous version, Blackwell. According to Huang, a 10 trillion-parameter model can now be trained in one month using one-quarter of the chips.“Demand for Nvidia GPUs is skyrocketing. Models are increasing by a factor of 10, an order of magnitude, every single year," Huang noted.Huang has been Nvidia's CEO since 1993. He took the company from a stock price of just pennies per share between 1999 and 2016 to more than $187 today, making it the most valuable company in the world.His tenure has been much longer than that of most other tech leaders, including Apple's Tim Cook (14 years), Meta's Mark Zuckerberg (22 years), and Tesla's Elon Musk (who founded SpaceX in 2002).Born in Taipei in 1963, Huang moved to the US at age nine after his parents sent him to study there. Due to a mistake, he ended up at a tough school in rural Kentucky, where he did chores like cleaning toilets and helped his roommate learn to read.He finished high school at 16, studied electrical engineering, and worked night shifts at a diner to support himself. In 1993, Huang co-founded Nvidia at a Denny’s restaurant. Over 30 years later, Nvidia has become one of the world’s most valuable companies, with most of Huang’s wealth accruing after 2020 as AI demand boosted Nvidia’s chip sales.