Reviewing the NVIDIA Summit 2024, did Masayoshi Son cry in Jen-Hsun Huang's arms ten years ago?

11/14 2024 537

Editor: Yuki | ID: YukiYuki1108

On November 13, Jen-Hsun Huang, the founder and CEO of NVIDIA, engaged in some banter with Masayoshi Son, the founder of SoftBank, at the NVIDIA Japan Summit. Huang playfully asked Son, "Can you imagine what it would be like if you were NVIDIA's largest shareholder?" Son hugged Huang and pretended to cry, admitting that he had made several proposals to invest in NVIDIA but had failed each time.

Huang also revealed a secret about an "unsuccessful" collaboration between the two a decade ago: Son had come close to becoming NVIDIA's largest shareholder at least three times and had offered to lend money to Huang to jointly acquire and privatize NVIDIA. Huang joked, "Now I regret not accepting your money. Your advice back then was really great!"

This incident occurred ten years ago when Son expressed his desire to invest in NVIDIA in his garden. He predicted that NVIDIA's future was limitless, but the market at that time underestimated its value. Son proposed lending money to Huang to help him buy and privatize NVIDIA.

However, Huang ultimately rejected the proposal. Later, SoftBank acquired Arm and proposed merging the two companies within a month of the acquisition, but this collaboration also failed due to regulatory approval issues.

In addition to these unsuccessful collaborations, Son also considered purchasing NVIDIA shares on the open market to become a shareholder. Missing this opportunity clearly left Son with regrets.

As of November 12, NVIDIA's market value had surpassed $3.6 trillion, solidly ranking at the top of the U.S. stock market, while Apple's market value was $3.4 trillion. Huang curiously asked Son why he had been successful in so many "bets" in the tech industry. Son joked, "Maybe it's just good luck, but more often than not, it's because investors and companies share a similar temperament, making it easy to find common ground."

With the advent of a new wave of AI technology, Huang told Son, "Now we finally have another opportunity to create greater value together. We can't miss this one."

At the summit, NVIDIA announced a partnership with SoftBank to build AI infrastructure in Japan, including Japan's largest AI factory, to meet growing AI demand. Huang said, "This is not just a transformation in AI but in every industry, creating value not just in trillions but in hundreds of trillions of dollars."

Infrastructure construction is a capital-intensive project. Son revealed that SoftBank is investing heavily in data centers and needs to purchase a large number of AI chips. Jokingly, he told Huang, "You'll have to make a donation." Huang responded, "Every time I see Mr. Masa, I have to reach into my pocket.""Son also mentioned that the Japanese government has not over-regulated the industry during this round of AI technology development but has encouraged corporate innovation. He believes that Japan must seize this opportunity to drive technological advancement. "Japan should press the reset button and not miss this wave of technology," he said.

Huang then asked Son, "What are you most interested in regarding Japan's AI future? What is your dream?" Son expressed his enthusiasm for AI robots and his conviction that the era of AI healthcare will arrive. He also predicted that everyone will have their own AI agent in the future, "which will be a second body for humans, able to see you, converse with you, and manage your daily life.""This conversation not only demonstrated the deep friendship between the two tech giants but also reflected their shared expectations for the future development of AI technology. In an era of increasingly fierce global tech competition, their collaboration will undoubtedly become an important force driving technological change.

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