Money Talks: The trillion-dollar question
Money Talks from The Economist
The Economist
4.4 • 1.2K Ratings
🗓️ 8 June 2023
⏱️ 46 minutes
🧾️ Download transcript
Summary
For over three decades, the people most excited about Nvidia’s chips have been gamers. They used its graphics cards to render games in super-high definition. But over the last 15 years Nvidia has slowly established itself as the go-to provider of chips and software to the booming artificial intelligence space. Now it is investors that are paying attention—Nvidia’s market cap has almost tripled this year, briefly soaring above $1trn in late May.
On this week’s podcast, hosts Alice Fulwood, Tom Lee-Devlin and Mike Bird explore the astonishing rise of Nvidia. The Economist’s Guy Scriven explains how the AI boom made the Californian chip maker into a $1trn company. Stacy Rasgon, an analyst at Bernstein Research, charts the company’s “30-year journey to overnight success” and Pierre Ferragu from New Street Research tells them that Google and Amazon have their sights on the chip market.
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Transcript
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| 0:00.0 | Finance doesn't need to be disrupted. |
| 0:03.0 | It means people who see the potential for progress, |
| 0:06.0 | like faster payments, more transparency, and new ways to meet compliance, |
| 0:11.0 | so that finance can move at the speed of business. |
| 0:15.0 | This is what our blockchain solutions deliver for financial institutions, |
| 0:19.0 | enterprises and central banks around the world. |
| 0:22.0 | Progress is a choice, and it's one you can make right now. |
| 0:26.0 | Ripple, crypto means business. |
| 0:32.0 | This advert is bought to you by American Express and Airwollix. |
| 0:36.0 | Well, hello international markets, all our global customers, |
| 0:40.0 | Chow, new revenue streams. |
| 0:42.0 | There's a long list of new challenges when growing your business globally. |
| 0:45.0 | Don't get caught out, get Airwollix. |
| 0:47.0 | The financial platform that helps you collect, |
| 0:50.0 | manage, convert and send money globally. |
| 0:52.0 | Airwollix and American Express are working together |
| 0:55.0 | to help businesses grow beyond borders. |
| 0:57.0 | To learn how visit airwollix.com forward slash UK forward slash American dash express. |
| 1:07.0 | It's 1993, and in a condo in Fremont, California, |
| 1:11.0 | three young engineers are figuring out how to get their new semiconductor business off the ground. |
| 1:16.0 | And we would get together, and there would be nothing to do. |
| 1:20.0 | I mean, what do you do? You go through guys and get together, you just talk. |
... |
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