âŹď¸ NVIDIA's CEO Jensen Huang has 60 direct reports and here is why:
"The reason is because the layer of hierarchy in your company really matters. Information really matters. I believe that your contribution to the work should not be based on privileged access to information. I don't do one-on-ones, and I don't... My staff is quite large, and almost everything that I say, I say to everybody all at the same time.
The reason for that is because I don't really believe there's any information that I operate on that somehow only one or two people should hear about. These are the challenges of the company, or this is the problem I'm trying to solve, or this is the direction we're trying to go into. These are the new endeavors. This isn't working. That's working well. All of this type of informationâeverybody should be able to hear it.
I love that everybody is working off the same song sheet. I love that there is no privileged access to information. I love that we're all able to contribute to solving a problem.
When you have 60 people in a roomâwell, my staff meetings are once every other week, and it's all based on issues, whatever issues we have. Everybody's there working on it at the same time. Everybody heard the reasoning of the problem. Everybody heard the reasoning of the solution. Everybody heard everything.
That empowers people. I believe that when you give everybody equal access to information, it empowers people.
So that's number one: empowering. Number two: if the CEO's direct staff is 60 people, the number of layers you've removed in a company is probably something like seven, depending on how it is."
While CEOs at this level have way fewer direct reports, one of the biggest concerts of companies as large as NVIDIA, is losing efficiency and creating too many bureaucracies agains different levels of management.
What are your thoughts on this?
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đ˝ď¸:Stripe
#nvidia #jensenhuang #leader
âŹď¸ You likely know what Generative AI meansâbut have you ever considered the magnitude of its possibilities?
"What would you do differently if your plane traveled a million times faster? What would you do different? And so all of a sudden, people said, hey, listen, why donât we just use computers to write software instead of us trying to figure out what the features are, instead of us trying to figure out what the algorithms are.
Weâll just give the all the data, all the predictive data to the computer and let it figure out what the algorithm is. Machine learning. Generative AI. And so we did it in such large scale on so many data domains that now computers understand not just how to process the data but the meaning of the data."
How do you feel about the future of AI?
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NVIDIA will be reporting their quarterly earnings results tomorrow, November 20th, after the market closes.
Credits: Goldman Sachs
#nvidia #jensenhuang #technology #ai #generativeai #genai #algorithm #machinelearning #computing #gpus #stocks #software
đ{Read Caption} Have you ever trusted your gut when making a big decision?
Apple's CEO Tim Cook believes that joining Apple was one of the best decisions of his lifeâa choice guided by intuition when founder Steve Jobs personally recruited him. Cook was drawn to Jobs' unique focus on products and small, agile teams, especially in an era when most companies were shifting toward enterprise markets. Jobsâ daring decision to target consumers stood out as visionary when others dismissed it as unprofitable. For Cook, this wasnât just a career move; it was a once-in-a-lifetime chance to work alongside a creative genius and entrepreneur who transformed an industry.
From that moment, Tim Cook dedicated himself to Apple's vision and values, ultimately stepping into the CEO role after Jobsâ passing. His steady leadership has helped Apple continue to innovate and grow, taking it to new heights while honoring the legacy of his mentor. Cookâs journey from a new recruit to CEO exemplifies the power of instinct and dedication in building one of the worldâs most influential technology companies.
By the way, Apple just released their Q4 earnings results, reporting revenue of $94.9 billion and EPS of $0.97, falling slightly short of Wall Street's expectations due to a one-time tax charge. While stock dipped 2%, growth in iPhone salesâboosted partly by new AI features on the Apple Intelligence platformâshows promise, and upcoming AI updates, including ChatGPT integration, could drive even stronger demand for Appleâs latest devices.
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Credits: Wall Street Journal
#timcook #apple #stevejobs #leadership #entrepreneur #apple #technology #earnings #ai #chatgpt
{Read Caption} Do we focus too much on founders?
Jack Dorsey believe that too much focus is placed on the founding moment of a business and the "rock star" status of founders, when in reality, great companies are defined by multiple founding moments. Dorsey draws an analogy to the United States, highlighting the phrase "a more perfect union" to illustrate that organizations evolve over time, with future leaders coming in to refine and build upon the original vision.
Jack Dorsey, an entrepreneur, programmer, billionaire and co-founder of Twitter, made headlines in 2021 when he sold the social media company to Elon Musk for $44 billion while serving as its CEO. Since stepping away from Twitter, he has focused on his other venture, Block, Inc. (formerly Square), where he serves as Chairman, aiming to reshape the world of digital payments and cryptocurrencies. His ongoing business pursuits demonstrate his commitment to innovation and a forward-thinking approach in the tech industry.
Do you agree with what he is saying? Do we focus too much on specific moments instead of cultural consistency?
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#entrepreneur #jackdorsey #founder #business #legacy #ceo #revolution
Are you a 10? {Read Caption}
This is how youâd be categorized on a âscale of competency,â according to Stephen Schwarzman, billionaire entrepreneur and founder of Blackstone. If you are an individual who senses problems before they arise, designs innovative solutions, and is capable of doing entirely new things, then you are a âtenââthe highest level. Tens are invaluable as they can drive success in any situation. A ânineâ is strong at execution, able to come up with solid strategies but not necessarily groundbreaking ones. Firms filled with nines can still achieve great success. An âeightâ follows directions well and performs tasks efficiently, while anyone rated âsevenâ or below, according to Schwarzman, does not fit into the high-performance culture that Blackstone strives to maintain.
Schwarzmanâs approach to talent extends beyond numbers; he brings decades of experience in finance and business leadership. As the founder and CEO of Blackstone, the worldâs largest alternative asset manager, he has built a reputation for identifying opportunities and assembling high-performing teams. His entrepreneurial vision and expertise in the finance industry have been critical in shaping Blackstoneâs growth and its dominance in private equity and asset management.
Today, Blackstone released its third-quarter earnings, surpassing market expectations. The company reported adjusted earnings per share of $1.01, exceeding analystsâ estimates of $0.98. Revenue reached $3.66 billion, well above the projected $2.68 billion. The firmâs total assets under management rose to $1.01 trillion, marking a 6% increase year-over-year, while fee-earning assets grew 4% to $734.5 billion. Blackstoneâs ability to attract over $25 billion in new capital during the quarter demonstrates its resilience, even in challenging market conditions, with record dry powder of $200 billion ready for strategic investments.
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đ {Read Caption} In a thought-provoking conversation with Joe Rogan, entrepreneur and founder Chamath Palihapitiya breaks down how the media landscape has shifted from delivering real news to fueling an outrage-driven, algorithm-led cycle.
Chamath believes that todayâs news is less about facts and more about opinions designed to spark emotional reactions, driven by the constant need for clicks and engagement. This 24/7 model is not only overwhelming but also detrimental to how we process information, leaving us confused and unsure of what to believe.
As a successful businessman and former Facebook executive, Chamath knows firsthand the power of algorithms in shaping human behavior. If you want to build lasting businesses and ideas that resonate, itâs crucial to understand the media ecosystem weâre all part of.
What are your thoughts on what he is saying?
Credits: @joerogan
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#news #media #technology #socialmedia
BlackRock CEO Larry Fink says it's time to change how we fund infrastructure. His solution? Public-private partnerships could free up money for important social programs like Social Security and healthcare. What is your take on this? Credits: Bloomberg #capitalmarkets #finance #capitalism #privatesector #debt #macroeconomics #socialsecurity #larryfink #blackrock #ceo
WeWork Founder Adam Neumann Says Homes & Offices are Merging during Bloomberg Tech Conference
{Read Caption} Adam Neumann, the founder of WeWork, was interviewed at the Bloomberg Tech conference in San Francisco. The interview focused on two things: his new residential real estate company called Flow, and his attempt to buy back WeWork.
Neumann sees co-working spaces as complementary to Flow's residential mission in a post-pandemic world. He acknowledges the shift to remote work but argues that homes remain central to our lives. Adam believes the future revolves around intertwined living and working spaces.
He sees WeWork's potential revival as part of Flow, utilizing Flow's technological architecture for offices and leveraging external investment to create a sustainable future for WeWork.
The billionaire founder isn't giving up on WeWork. Despite the company's current bankruptcy proceedings, he argued for his $650 million reacquisition bid as a more sustainable path forward, compared to the proposed restructuring plan.
What are your thoughts on Adam as a leader? Have you been watching WeCrashed on AppleTV?
Share your thoughts and follow @earlyadoptersclub for more stories
Credits: Bloomberg
#adamNeumann #founder #wework #wecrashed #homeoffice #startup #successstories
{Read Story} Back in February, Google faced backlash over AI-generated images created by its Gemini model, depicting Asian Nazis and Black founding fathers. This scandal sparked outrage and widespread criticism, raising questions about the ethics and accuracy of AI technology. Users and experts alike condemned Google's failure to prevent such offensive content, labeling it as a prime example of "woke AI" gone wrong. In this recent interview with Bloomberg, Google's CEO Sundar Pichai admitted to the mistake, attributing it to over application and recognizing the need to rectify the issue. He acknowledged the responsibility Google holds, expressing a commitment to improving accuracy and meeting higher standards. The unintended outcomes show the complexities of AI technology and the challenges in ensuring objective content in Search results.When talking about AI-generated content, Pichai emphasized the challenge of distinguishing between synthetic and authentic information. He recognized the importance of defining what's objective and real in a world filled with synthetic content. Pichai highlighted Google's efforts to tackle this challenge, acknowledging the evolving nature of Search and the need for continuous improvement in fighting misinformation.What do you think about this? Credits: Bloomberg #gemini #sundarpichai #woke #ai #technology
{Read Caption} Apple has been known for maintaining a long-term vision, choosing not to compete with other tech companies in every sector, particularly when it comes to leveraging their customer's data (even though they could). Contrary to many tech companies, Apple has always been known for building trust and promoting transparency to its customers. However, while the tech industry has been reinventing itself through the advancements of AI in recent months, this conduct hasn't been too appealing to its investors.
The world is eagerly awaiting to see what the company will come up with next in terms of AI strategies to justify itself as a growth company. It's undeniable that their long-term approach has been successful in the last decade, but will this vision be enough to convince the market they are on a growth trajectory?
Please share your thoughts.
Credits: CNBC | Follow @earlyadoptersclub for more discussions
#apple #timcook #longterminvesting #ceo
{Read Caption} OpenAI's CEO Sam Altman on wether you should start a business or a join a pre established company today: "You kind of just learn to run a startup by running a startup. I think this is probably the best time to start a company since the internet at least, and maybe kind of like in the history of technology" - Do you agree with him? Bonus: Sam Altman dropped out of his Computer Science Program at Stanford University in 2005 to focus on his startup, Loopt.Follow @earlyadoptersclub for more CEO clips | Credits "Stanford eCorner"#samaltman #startup #ai #founder #ceotips