finance
Nvidia CEO Jensen Huang Credits Sega Investment During Tokyo Visit
Nvidia CEO Jensen Huang publicly thanked Sega for a 1990s contract payment that he said prevented the company's bankruptcy. The payment later supported development of graphics technology now used in artificial intelligence.
Jul 17, 5:00 AM·1m read2 sources
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Nvidia CEO Jensen Huang credited Sega with providing a financial lifeline during a visit to Tokyo. He said a $5 million contract payment from Sega in the 1990s, structured as an equity investment, kept Nvidia from bankruptcy. The payment followed Nvidia's failure to deliver a graphics chip for a Sega console project. Sega instead used NEC's PowerVR GPU for the Dreamcast system.
Background on the payment Huang stated the funds allowed Nvidia to develop its Riva 128 and GeForce graphics lines. Those products formed the basis for GPUs now used in artificial intelligence systems. The event concluded with a demonstration of Virtua Fighter running on laptops.
Sega previously focused on arcade hardware and console development. Huang described the payment as a key factor in Nvidia's later growth. Sega now operates at a smaller scale than during its peak console and arcade period.
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