Nvidia, every mention

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every year anyone Harry Stebbings 522Jason Lemkin 91Rory O'Driscoll 79Steeve Morin 44Andrew Feldman 37Jonathan Ross 28Cliff Weitzman 26Eiso Kant 12David Cahn 12Anjney Midha 11

Verbatim, from the transcripts: the passages where Nvidia comes up

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Steeve Morin: Why Google Will Win the AI Arms Race & OpenAI Will Not | E1262 · 20VC with Harry Stebbings Feb 24, 2025 · 63 mentions

  • ▶ 6:25 Harry Stebbings Can I ask, before, you know, we were chatting about NVIDIA and AMD when DeepSeq obviously happened and the stock crash that happened. 2 times in the scene
  • ▶ 6:50 Steeve Morin Very hard to say whether it will be worth, you know, everybody's money to do it on H 100. 2 times in the scene
  • ▶ 7:06 Steeve Morin Because, um, it was built on the A 100, uh, I would say financial model, which was 3 times in the scene
  • ▶ 8:38 Steeve Morin To be honest, this is, this is where we, I think this is where Nvidia can be, can be attacked. 6 times in the scene
  • ▶ 13:17 Steeve Morin The reason probably Nvidia won, at least in the training space, is because of Mellanox, right?
  • ▶ 14:08 Harry Stebbings Before, before we move to inference, I, I do just want us to stay on chips and just say, okay, so we have TPUs, we have NVIDIA, we have, um, AMD. 4 times in the scene
  • ▶ 19:45 Harry Stebbings You know, we've seen with training, that's really where NVIDIA have dominated so heavily.
  • ▶ 23:08 Steeve Morin Now we have a bit of a, um, we are being spared a bit because Blackwell is late and orders are getting canceled.
  • ▶ 23:16 Steeve Morin And, uh, so H series, I would say are still, you know, in the, uh, in the, uh, active, but yes, absolutely.
  • ▶ 25:01 Harry Stebbings Jensen has made it very clear that inference opens up more revenue opportunity for Nvidia. 6 times in the scene
  • ▶ 25:47 Steeve Morin So I think Nvidia is used to stay, uh, at least if not for the H-one hundred, you know, bubble bust.
  • ▶ 32:00 Harry Stebbings So when I had Jonathan on, he was like, actually Nvidia have such a stronghold because they're one of the only buyers of HBM and that gives them this unique position. 2 times in the scene
  • ▶ 35:20 Harry Stebbings Do you think NVIDIA owns both of those markets in five years time? 8 times in the scene
  • ▶ 36:34 Steeve Morin They have a product called NIMH that does, you know, sort of does that.
  • ▶ 38:05 Harry Stebbings and I said, Hey, you know, I bought Nvidia 5 times in the scene
  • ▶ 43:01 Steeve Morin AMD, Nvidia, whatever.
  • ▶ 44:10 Steeve Morin But AMD can do training, but it's also, but in terms of maturity, the, by far the most mature software and compute is TPUs, and then it's Nvidia.
  • ▶ 45:16 Steeve Morin Eight H-One hundred.
  • ▶ 45:47 Steeve Morin With one machine of eight, eight, eight, 100, you kind of run two seven TBS model.
  • ▶ 47:07 Steeve Morin It's like you get, and bind you, these chips are 30% cheaper than Nvidia's. 3 times in the scene
  • ▶ 49:57 Steeve Morin Probably it's why also Nvidia is the better buy right now.
  • ▶ 1:09:32 Steeve Morin Uh, there are like A-one-hundred level, but they have probably, I would say, one of their unfair advantage is that there are, you know, exercise.
  • ▶ 1:15:35 Steeve Morin Black whale is probably something that keeps them awake, that keeps him awake at night. 6 times in the scene
  • ▶ 1:16:30 Steeve Morin The, the supply of H 100 was actually a smooth out over the year so that they decided so that they didn't have like a big, you know, spike in deliveries and then a quarter less, right? 2 times in the scene
  • ▶ 1:16:47 Steeve Morin Uh, some of them even haven't received their order from last year and they already see like the new chip, the B 200 and then the one after, you know, and they're super pissed.
  • ▶ 1:17:00 Steeve Morin The question is, you know, when and, uh, uh, how, like, if there's like the H 100 bubble, of course it will impact NVIDIA.

Jonathan Ross, Founder & CEO @ Groq: NVIDIA vs Groq - The Future of Training vs Inference | E1260 · 20VC with Harry Stebbings Feb 17, 2025 · 40 mentions

  • ▶ 0:10 Jonathan Ross You can almost say we're one of the best things that's ever happened to NVIDIA because they can make every single GPU that they were going to make, and they can sell it for training, high margin, gets amortized across deployment. 2 times in the scene
  • ▶ 10:01 Jonathan Ross I, I don't agree that Nvidia stock should have gone down for that. 2 times in the scene
  • ▶ 16:58 Jonathan Ross Um, you don't normally think of tech companies as having a cornered resource, but Nvidia has a cornered resource. 2 times in the scene
  • ▶ 21:57 Jonathan Ross And actually, I think NVIDIA will sell every single GPU they make for training. 2 times in the scene
  • ▶ 24:09 Harry Stebbings Given the energy efficiency, given the predictability, why is Nvidia not being more proactive on LPUs? 6 times in the scene
  • ▶ 27:42 Harry Stebbings So you don't view NVIDIA as a competitor? 6 times in the scene
  • ▶ 29:42 Harry Stebbings Why is 40% of their revenue inference then, and what
  • ▶ 30:29 Jonathan Ross So the, the NVIDIA actually gets it after Apple. 6 times in the scene
  • ▶ 51:53 Harry Stebbings Will you and NVIDIA move into the model there? 3 times in the scene
  • ▶ 1:16:14 Harry Stebbings In 10 years time, is NVIDIA three X bigger, 10 X bigger, or 50 X bigger? 10 times in the scene

Sridhar Ramaswamy, CEO @Snowflake: Deepseek is Not a Threat to OpenAI & OpenAI Beats Anthropic|E1258 · 20VC with Harry Stebbings Feb 10, 2025 · 3 mentions

  • ▶ 24:45 Harry Stebbings Which is like, number one, when you look at Nvidia beneath you in the stack, I'd be concerned that they start to build a Snowflake competitor. 3 times in the scene

Jonathan Ross: DeepSeek Special - How Should OpenAI and the US Government Respond | E1253 · 20VC with Harry Stebbings Jan 29, 2025 · 11 mentions

  • ▶ 37:52 Jonathan Ross Um, 2000 GPUs and the nerfed, you know, a 800 version with slower memory or whatever it is.
  • ▶ 38:56 Harry Stebbings I just bought a shitload of NVIDIA, because they dropped 16% on the thesis that the increasing efficiency means that obviously we wouldn't need as much NVIDIA chips. 6 times in the scene
  • ▶ 41:56 Jonathan Ross I don't know that Nvidia will ever see it this way, but I do think that those of us focusing on inference and building stuff specifically for that are probably the best thing that's ever happened for Nvidia stock because we'll take on the… 3 times in the scene
  • ▶ 42:55 Harry Stebbings Uh, and I'm thrilled to hear you share my optimism around NVIDIA.

George Sivulka, Co-Founder & CEO @Hebbia: The Future of Foundation Models | E1250 · 20VC with Harry Stebbings Jan 22, 2025 · 3 mentions

  • ▶ 43:24 George Sivulka And we could talk about what that means for NVIDIA, especially as, ah, you know, NVIDIA has a stranglehold on training, but, you know, ah, not as much a stranglehold on inference, and so you might actually see, um, ah, other chip makers,…
  • ▶ 52:50 Harry Stebbings Uh, but the one question I want to ask, you mentioned, uh, Nvidia before.
  • ▶ 1:05:02 George Sivulka I would probably buy Nvidia.

Hussein Kanji, Founder @Hoxton Ventures: Why AI Means London Can Compete with the US | E1248 · 20VC with Harry Stebbings Jan 20, 2025 · 5 mentions

Daniel Dines, UiPath CEO & Founder: Why Agents Do Not Mean RPA is F*** | E1240 · 20VC with Harry Stebbings Dec 18, 2024 · 4 mentions

Reid Hoffman, LinkedIn & Paypal Founder: Trump Administration, Elon Musk and DOGE | E1239 · 20VC with Harry Stebbings Dec 16, 2024 · 5 mentions

  • ▶ 45:42 Harry Stebbings Do we need chip sovereignty and, like, you know, Europe's ability to have our own invidias of the world?
  • ▶ 47:47 Harry Stebbings Do you think NVIDIA continues to accrue power and monopolization, or monopolies, ah, or do you think it continues to be eaten away by Apples, Googles, Amazons, building more and more of their own chip supply and ability? 4 times in the scene

Marc Benioff, Salesforce Founder: Why Salesforce Isn't Hiring Software Engineers | E1236 · 20VC with Harry Stebbings Dec 9, 2024 · 3 mentions

  • ▶ 30:40 Marc Benioff You know, it's funny, my neighbor here is David Kirk, who led the creation of the GPU for Jensen, probably the most important piece of technology that he has at NVIDIA. 3 times in the scene

Guy Podjarny: The Future of AI Software Development - What is Real & What is BS | E1232 · 20VC with Harry Stebbings Nov 29, 2024 · 13 mentions

  • ▶ 1:02 Harry Stebbings Now, Masa Sun said, NVIDIA is undervalued today. 10 times in the scene
  • ▶ 2:20 Harry Stebbings Everyone seems to also acknowledge that actually we're going to go through this peak of, uh, or trough of disillusionment, that companies will realize that actually the ROI on a lot of these AI tools hasn't proven out in this first batch,… 3 times in the scene

Vlad Tenev, Co-Founder & CEO @Robinhood: The GameStop Saga & The Future of AI | E1222 · 20VC with Harry Stebbings Nov 1, 2024 · 3 mentions

Daniel Khachab: "We Are in the Middle of a Cold War for AI Talent" | E1220 · 20VC with Harry Stebbings Oct 28, 2024 · 3 mentions

Mamoon Hamid: AI - Where Value Accrues, Startups vs Incumbents & Scaling Laws | E1217 · 20VC with Harry Stebbings Oct 21, 2024 · 1 mention

Jeff Wang: Sequoia Capital's $9BN Global Equities Fund on The Future for NVIDIA, Google & Meta|E1212 · 20VC with Harry Stebbings Oct 9, 2024 · 10 mentions

  • ▶ 0:06 Jeff Wang I think NVIDIA's price is reasonable if you think it's going to continue to keep going.
  • ▶ 28:46 Jeff Wang NVIDIA is clearly the best ship today, but a lot of others are doing well also.
  • ▶ 53:15 Harry Stebbings But Nvidia's price is so high. 7 times in the scene
  • ▶ 1:11:04 Jeff Wang You can own a video at any point, you know, last year or even this year, and you will have made money and you will have made very good money.

Eiso Kant, CTO @Poolside: Raising $600M To Compete in the Race for AGI | E1211 · 20VC with Harry Stebbings Oct 7, 2024 · 27 mentions

  • ▶ 19:45 Eiso Kant But there's something interesting about all of those, is that each of those at different moments in time understood that they couldn't be reliant on hardware built by NVIDIA or AMD by someone else, that they also built their own. 2 times in the scene
  • ▶ 30:06 Eiso Kant NVIDIA is incentivized to hyperscale. 2 times in the scene
  • ▶ 36:50 Harry Stebbings Can I ask you, when we look at kind of, ah, the build out, and the chips required, and the compute required, to what extent is it a continuing NVIDIA monopoly, and to what extent 6 times in the scene
  • ▶ 38:51 Harry Stebbings To what extent has innovation in the space been held up by everyone awaiting NVIDIA's new Blackwell? 2 times in the scene
  • ▶ 38:51 Harry Stebbings To what extent has innovation in the space been held up by everyone awaiting NVIDIA's new Blackwell? 6 times in the scene
  • ▶ 39:02 Eiso Kant Because I'm training on H 200, and so the compute that I brought online in at the end of August, these 10,000 H 200, uh, mean that the longer the next generation chips is delayed, it helps me in a competitive nature in the world. 4 times in the scene
  • ▶ 40:26 Harry Stebbings Yeah, we mentioned Blackwell and what that will unlock.
  • ▶ 44:28 Eiso Kant There is one corporate, uh, that became part of our round, and that was very deliberate, was NVIDIA. 4 times in the scene

Eric Vishria: Where is the Value in AI - Chips, Models or Apps? | E1206 · 20VC with Harry Stebbings Sep 25, 2024 · 5 mentions

Nicholas Chirls: Why Big VCs Ruin Startups, VC is a Ponzi Scheme Today & Most VCs are Bankers |E1198 · 20VC with Harry Stebbings Sep 6, 2024 · 2 mentions

  • ▶ 0:21 Nicholas Chirls They literally require billions and billions of dollars to go buy effectively NVIDIA GPUs.
  • ▶ 37:25 Nicholas Chirls They require, they literally require billions and billions of dollars to go buy effectively NVIDIA GPUs, right?

Arvind Narayanan: AI Scaling Myths, The Core Bottlenecks in AI Today & The Future of Models | E1195 · 20VC with Harry Stebbings Aug 28, 2024 · 5 mentions

  • ▶ 16:53 Harry Stebbings We are releasing new models so fast that computers unable to keep up with them, and as a result, you won't want to train your new model on old H 100 hardware that is 18 months old.
  • ▶ 47:37 Harry Stebbings Will companies increasingly move into the chip and compute layer and compete with NVIDIA, or do you think it will be a continuous NVIDIA monopoly, all of them buying from NVIDIA? 4 times in the scene

Aidan Gomez: What No One Understands About Foundation Models | E1191 · 20VC with Harry Stebbings Aug 19, 2024 · 4 mentions

  • ▶ 16:12 Harry Stebbings And you have a direct relationship with NVIDIA. 3 times in the scene
  • ▶ 18:45 Harry Stebbings And so it's like, when you look at a year's time, are we going to be running the newest latest models on H 100 or whatever the 18 month old computers?

Laela Sturdy: Life Inside Alphabet's $7BN Growth Fund | E1190 · 20VC with Harry Stebbings Aug 16, 2024 · 1 mention

David Cahn: Why Servers, Steel and Power Are the Pillars Powering the Future of AI | E1186 · 20VC with Harry Stebbings Aug 5, 2024 · 18 mentions

  • ▶ 13:24 David Cahn You're going to buy each 100 chips because that's the best chip on the market today, and you're going to put them in this data center.
  • ▶ 13:29 David Cahn Now imagine two years from now, NVIDIA's B-one hundred chip is now the dominant chip.
  • ▶ 13:29 David Cahn Now imagine two years from now, NVIDIA's B-one hundred chip is now the dominant chip.
  • ▶ 14:25 Harry Stebbings H 100 with the newer model, whatever that is in two years or three years, whatever period that is, if models just become a lot more efficient, would you still need to replenish them?
  • ▶ 21:47 Harry Stebbings Apple were very open in terms of talking about how they plan to, you know, how they do now, but use and implement their own ships and move away from kind of the Nvidia monopoly. 4 times in the scene
  • ▶ 30:11 David Cahn And so servers, that's NVIDIA, AMD, Broadcom, like the chip innovation. 2 times in the scene
  • ▶ 30:58 Harry Stebbings And when you say that we're at the start of Nvidia's 7 times in the scene
  • ▶ 41:46 David Cahn Just to remind folks about the math behind it is, you basically just take NVIDIA's run rate revenue,

Ethan Mollick: Why OpenAl Abandons Products, The Biggest Opportunities They Have Not Taken | E1184 · 20VC with Harry Stebbings Jul 31, 2024 · 1 mention

Delian Asparouhov: Inside the Walls of Founders Fund: What the World Does Not See | E1183 · 20VC with Harry Stebbings Jul 29, 2024 · 1 mention

  • ▶ 46:17 Delian Asparouhov And, you know, yet Zuck releases, you know, whatever llama, you know, three or four, you know, and releases it completely free and open source, and it is beating all the benchmarks of anything that open AI and Microsoft have ever done, and…

Kevin Hartz: "How I Lost Airbnb at Seed Because of an Exploding Term Sheet" | E1180 · 20VC with Harry Stebbings Jul 22, 2024 · 3 mentions

  • ▶ 0:00 Kevin Hartz NVIDIA becoming the most valuable company on the planet is just the precursor towards the bubble of all bubbles.
  • ▶ 1:07:17 Kevin Hartz The signs that I see, you know, like NVIDIA becoming, is it now the most valuable company? 2 times in the scene

Ara Mahdessian: ServiceTitan Would Not Be the Success if We Raised VC Earlier | E1175 · 20VC with Harry Stebbings Jul 10, 2024 · 1 mention

  • ▶ 11:46 Ara Mahdessian I mean, look, everybody's talking about Nvidia today, but Nvidia was founded 30 years ago, right?

Matt Clifford: The Bull & Bear Case for China's Ability to Challenge the US' AI Capabilities | E1172 · 20VC with Harry Stebbings Jul 1, 2024 · 4 mentions

  • ▶ 22:50 Matt Clifford Um, you know, in February, Kai-Fu Lee was, like, going around Europe, uh, including at Davos, saying, like, oh, you know, you know, I traded my latest model on these Huawei-designed SMIC-manufactured GPUs, and, you know, he wasn't claiming… 3 times in the scene
  • ▶ 25:30 Matt Clifford I mean, I, it's interesting, like, I, the reviews of NVIDIA's model are pretty mixed,

Samir Vasavada: The Real Story of Vise: The Regrets, Mistakes and Mis-Hires | E1171 · 20VC with Harry Stebbings Jun 28, 2024 · 1 mention

  • ▶ 42:17 Samir Vasavada Um, I think the reason why is, I don't, I, I met Jensen from NVIDIA, and he's like, look, like, you know, in order to build, like, true resilience and to, like, you know, continue compounding, you kind of need to be, like, and you need to…

David Luan: Why Nvidia Will Enter the Model Space & Models Will Enter the Chip Space | E1169 · 20VC with Harry Stebbings Jun 24, 2024 · 8 mentions

  • ▶ 24:27 David Luan I think this is also actually an area where I think it's really important for companies like Nvidia to go up the stack, right? 4 times in the scene
  • ▶ 26:59 Harry Stebbings Like when you think about Nvidia and what they do, is it easy for them to be commoditized? 4 times in the scene

Michael Eisenberg: How China Could Overtake the US in the AI Race | E1167 · 20VC with Harry Stebbings Jun 19, 2024 · 3 mentions

Danny Rimer: The Biggest Lessons from Missing Snap, Airbnb, Spotify and Facebook | E1166 · 20VC with Harry Stebbings Jun 17, 2024 · 3 mentions

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