Hello and welcome to the Times Tech podcast where every week we unpack how technology is reshaping business, culture and everyday life.

I'm Danny Fortson out here in Silicon Valley.

And I'm Katie Prescott, Katie in the city, the city of London.

And this week, it is, once again, the big one.

Yes, Invidia, the world's most valuable company and the chipmaker powering the AI revolution has published its fourth quarter earnings.

And, butah, once again, they are enormous hooray ginormous

or not yes yes well so we're going to be unpacking all of it and finding out how this company

went from an idea hatched in a san joseny's downmarket diner, beloved in my youth,

to the company that is more valuable than all 2,000 companies listed in Britain combined

this one.

It's extraordinary statistic.

It's crazy.

It is crazy.

And to help us tell the Nvidia story, we've enlisted the help of Stephen Witt.

He is the author and journalist who has spent the past few years getting to know the company's CEO, Jensen Wang, very, very well, better than most.

Yeah, I mean, there are very few pies, it feels like, that Nvidia CEO Jensen Huang doesn't have his

fingers in. When he was over in London last year, it felt like he was sprinkling cash in all the

top AI companies. I mean, 11 labs, synthesia. He was liberally throwing around the dollars

that he's making that we're going to be discussing later today.

But of course, everybody is worrying about the circular dealmaking between the largest players in AI.

And Jettison Wong really is at the heart of this spider's web, isn't he?

And a lot of people are trying to unpick these relationships and how they're working and the possible impact if this all starts to fall apart.

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