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Behind the Money

Business Book of the Year: Author Stephen Witt on Nvidia’s rise

Behind the Money

Topher Forhecz

Markets, Investing, News, Banking, Finance, Business, Business News, Crypto

4.4350 Ratings

🗓️ 10 December 2025

⏱️ 30 minutes

🧾️ Download transcript

Summary

In this special episode of Behind the Money, the FT’s senior business writer Andrew Hill interviews author Stephen Witt about his book The Thinking Machine: Jensen Huang, Nvidia, and the World’s Most Coveted Microchip. Witt and his book won the FT and Schroders Business Book of the Year for 2025.      


The FT does not use generative AI to voice its podcasts.


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For further reading:

In future ‘books could respond’ says winning author Stephen Witt 

FT and Schroders Business Book of the Year 2025 — the shortlist 

FT and Schroders Business Book of the Year 2025 — the longlist 


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Follow Andrew Hill on X (@andrewtghill) or on Bluesky (@andrewtghill.ft.com) and Stephen Witt (@stephenwitt) on X. Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her on LinkedIn for updates about the show and more. 




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Transcript

Click on a timestamp to play from that location

0:00.0

Hey there behind the money listeners.

0:04.6

It's Michaela.

0:06.2

Last week, the Financial Times and Schroeder gave out their prize for the best business book of the year.

0:12.3

And the winner was a book about the company that has dominated headlines this year, Invidia.

0:18.7

The book is called The Thinking Machine, Jensen Huang, Invidia, and the world's most coveted microchip.

0:25.3

And it was written by Stephen Witt.

0:28.0

My colleague Andrew Hill, who's the FT senior business writer, has been in charge of running the book award since 2005.

0:35.2

And last week, he interviewed Stephen from our London studio.

0:38.7

I had the chance to sit in on this interview, and I found it completely fascinating.

0:43.4

You're going to learn a lot about NVIDIA's CEO Jensen Huang and the guy beyond the black leather

0:48.5

jacket.

0:49.7

And what you're about to hear is an abridged version of that conversation.

0:53.5

I hope you find it as interesting as I did.

0:56.7

Enjoy.

1:03.5

I'm delighted to be joined by Stephen Witt, author of The Thinking Machine,

1:07.7

and we're talking only hours after Stephen won the F.T. and Trudez Business

1:12.7

Book of the Year award. So, Stephen, welcome, and congratulations. Thank you. It's a real pleasure

1:17.4

to be here, and I'm really honored to have won the award. Well, it's a spectacular bit of work,

1:21.8

the book. I've called it a sort of hardcore business book. Lots of research into Nvidia, the company of the moment,

1:28.7

and particularly Jensen Wong, the founder and chief executive of Nvidia.

1:33.8

Just in your own words, tell us a little bit about the project that you undertook.

1:38.3

Yeah, so it actually completely grew out of my own conviction that Chat, GPT was going to replace me.

...

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