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12 minutes ago
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Jensen Huang Says He's Created More Billionaires Than Any CEO: 'Don't Feel Sad For Anybody At My Layer'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. As the Donald Trump administration unveiled its AI policy plan, Nvidia Corp. (NASDAQ:NVDA) CEO Jensen Huang joined top Silicon Valley figures to weigh in on the cutthroat battle for AI talent and compensation during a live podcast in Washington, D.C. What Happened: Earlier this week, appearing on the All-in podcast alongside venture capitalists Chamath Palihapitiya and Jason Calacanis, Huang pushed back on concerns about executive-level compensation amid billion-dollar offers for AI researchers. During the conversation, Palihapitiya raised the point that AI researchers were being offered unprecedented contracts—one reportedly as high as $1 billion over four years from Meta Platforms Inc. (NASDAQ:META). He asked why similar valuations weren't seen at the CEO level, despite their role in enabling breakthroughs. "First of all, I've created more billionaires on my management team than any CEO in the world. They're doing just fine," Huang said. "Don't feel sad for anybody at my layer." Trending: 7,000+ investors have joined Timeplast's mission to eliminate microplastics— Huang also underscored the efficiency of small, well-funded teams in AI. "The impact of 150 or so AI researchers can probably create, with enough funding, an OpenAI. There's something about the elegance of small teams," he said. Later, Calacanis added levity, teasing Huang about rumors of a secret stash of stock options. "Somebody told me you just drop RSUs on people if they do a great job," he joked. "That's nuts," Huang responded, adding, "I review everyone's comp myself ... and I 100% of the time increase opex because you take care of people and everything else takes care of itself." Why It's Important: The discussion came during the Trump administration's unveiling of its AI Action Plan, a strategic initiative backed by a new wave of Silicon Valley. The fierce competition for AI talent has driven record compensation and high-profile hires across companies like Meta, Microsoft Corp. (NASDAQ:MSFT), OpenAI and Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google DeepMind—often eclipsing executive salaries and reshaping the power dynamics in the tech world. Earlier this week, Alphabet CEO Sundar Pichai also dismissed concerns over an AI talent exodus, stating the company remains strong in attracting and retaining top AI experts. Read Next: $100k+ in investable assets? Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes – no cost, no obligation. Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Here's how you can earn passive income with just $100. Photo courtesy: jamesonwu1972 On This article Jensen Huang Says He's Created More Billionaires Than Any CEO: 'Don't Feel Sad For Anybody At My Layer' originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12 minutes ago
- Yahoo
Trump lands in Scotland to visit his golf resorts ahead of Starmer talks
Donald Trump called UK prime minister Sir Keir Starmer a 'good man', as he landed in Scotland where he will spend the weekend golfing at his two luxury resorts as part of a four-day visit. The US president was greeted by thousands of people hoping to catch a glimpse of him as he landed at Glasgow Prestwick airport in Ayrshire just before 8.30pm. Mr Trump was met by Scottish secretary Ian Murray as he walked off Air Force One at Prestwick. The pair could be seen shaking hands at the bottom of the aircraft stairs before Mr Trump walked across to a group of journalists to answer questions before leaving in his armoured car known as The Beast. Speaking to reporters at Prestwick airport, Mr Trump described Sir Keir as 'a good man' and confirmed they will be meeting later. 'I like your prime minister, he's slightly more liberal than I am – as you probably heard – but he's a good man. He got a trade deal done. 'You know, they've been working on this deal for 12 years, he got it done – that's a good deal, it's a good deal for the UK.' Mr Trump is set to start his at his golf club at Turnberry before heading to his second property in Aberdeenshire, where he will open a new course. On Sunday, Mr Trump is due to meet European Commission president Ursula von der Leyen to discuss trade and on Monday, he will travel to Trump International Links Aberdeen accompanied by Sir Keir. Asked by reporters at Prestwick for his advice to European leaders on reducing immigration, the US president said European countries need to 'get your act together' on migration. He said: 'I say two things to Europe: Stop the windmills. You're ruining your countries. I really mean it, it's so sad. 'You fly over and you see these windmills all over the place, ruining your beautiful fields and valleys and killing your birds, and if they're stuck in the ocean, ruining your oceans. 'Stop the windmills, and also, I mean, there's a couple of things I could say, but on immigration, you'd better get your act together or you're not going to have Europe anymore.' Mr Trump also claimed that illegal migration was an 'invasion' which was 'killing Europe'. He added: 'Last month, we [the United States] had nobody entering our country. Nobody. Shut it down. And we took out a lot of bad people that got there with [former US president Joe] Biden. 'Biden was a total stiff, and what he allowed to happen… but you're allowing it to happen to your countries, and you've got to stop this horrible invasion that's happening to Europe; many countries in Europe. 'Some people, some leaders, have not let it happen, and they're not getting the proper credit they should. I could name them to you right now, but I'm not going to embarrass the other ones. 'But stop: this immigration is killing Europe.' The US president's motorcade – which contained more than two dozen vehicles – entered his Turnberry golf resort at around 9.30pm, flanked by Police Scotland vehicles and ambulance crews. Mr Trump's vehicle passed a small group of protesters as he arrived at his Ayrshire golf course. Protests are planned in Scotland on Saturday against the US president's visit. The Stop Trump Coalition is organising events in Aberdeen in the city centre and outside the US consulate in Edinburgh on Saturday at midday. There are also expected to be protests near Turnberry and Menie, where Mr Trump is expected to open a new 18-hole golf course. The new course will be named in honour of his mother, Mary Anne MacLeod Trump, who was born on the Isle of Lewis.
Yahoo
12 minutes ago
- Yahoo
CORRECTING and REPLACING Zip Marks Fifth Anniversary with New Offices in San Francisco and New York
Agentic Procurement Orchestration Leader Doubles Office Footprint Amid Explosive Growth, Surpasses Hundreds of Billions in Processed Requests SAN FRANCISCO, July 26, 2025--(BUSINESS WIRE)--Please replace the release dated July 24, 2025, with the following corrected version due to multiple revisions. The updated release reads: ZIP MARKS FIFTH ANNIVERSARY WITH NEW OFFICES IN SAN FRANCISCO AND NEW YORK Agentic Procurement Orchestration Leader Doubles Office Footprint Amid Explosive Growth, Surpasses Hundreds of Billions in Processed Requests Zip, the world's leading agentic procurement orchestration platform, today celebrated its fifth anniversary by unveiling expanded offices in San Francisco and New York to accommodate rapid workforce growth driven by unprecedented enterprise adoption. The company has grown from 250 to over 500 employees in the past year alone while securing Global 2000 customers across every major industry. Five years ago, Zip's founders chose to tackle procurement – hardly the most glamorous corner of technological innovation. While others chased trendy markets, Zip focused on the overlooked but critical process of how companies buy what they need. Few shared their vision. Then the world changed. Supply chain disruptions, inflation, and tariffs turned procurement from a back-office afterthought into a C-suite priority. What Zip had been quietly building suddenly became every CEO's top concern. That early vision, combined with five years of relentless innovation and AI leadership, explains why global giants from OpenAI to Discover are choosing Zip to transform their operations. "Over the past five years, we've built something remarkable – a product so sticky that we've maintained 100% retention across our strategic enterprise customers," said Rujul Zaparde, Co-founder and CEO of Zip. "The fact that Fortune 500 companies across financial services, telecommunications, healthcare, defense, and retail are choosing a five-year-old company over established vendors speaks to how fundamentally we've reimagined procurement. We've processed over hundreds of billions in total purchasing request volume since our founding five years ago and we've barely scratched the surface of the global opportunity." From Zero to $2.2 Billion: Five Years of Unprecedented Growth Zip's journey from startup to enterprise standard represents one of the fastest value creation stories in enterprise software history. In October 2024, the company secured $190 million in Series D funding at a $2.2 billion valuation, marking the largest investment in procurement technology in over two decades and validating Zip's position as the category leader. Since its founding in 2020, Zip has achieved milestones that typically take enterprise software companies decades: Customer Momentum: Trusted by hundreds of global enterprises including AMD, Anthropic, Canva, Coinbase, Discover, Lyft, Northwestern Mutual, OpenAI, Pinterest, Reddit, Sephora, and Snowflake Financial Impact: Generated $4.4 billion in customer savings, with companies averaging 3.6% reduction in total spend savings and 25% in productivity gains Product Innovation: Introduced intake to the world, pioneered orchestration, and launched the industry's first agentic AI suite with 50+ procurement agents. Platform has delivered 4.6 million AI insights and achieved unprecedented engagement for an enterprise software platform with 14 million customer comments Doubling Down on Talent and Geographic Expansion To support its trajectory, Zip is hiring aggressively across all markets while significantly expanding its physical footprint: San Francisco: New headquarters doubles office space to 75,000 square feet, housing 200+ employees from top universities like Stanford and MIT, and companies like Meta, Airbnb, and Scale. The expansion reaffirms Zip's commitment to San Francisco as its global headquarters, investing in the city's downtown revitalization New York: Expanding beyond co-working to establish a permanent Manhattan headquarters, positioning Zip closer to financial services and media giants Global Reach: 60+ employees across EMEA, with continued expansion in London The company has grown from approximately 250 employees to over 500 in the past year, hiring 100+ people per quarter, with spending heavily weighted toward R&D. Five Years of Relentless Innovation Zip's trajectory from introducing intake to pioneering agentic procurement orchestration showcases the company's ability to anticipate and shape market needs: 2020: Founded with a vision to fix broken procurement processes; introduced intake and procurement orchestration to the world, transforming how companies start the procurement process 2021: Revolutionized workflows by launching dynamic approvals and integrating with 25+ enterprise systems including ERPs, CLMs, and GRC platforms 2022: Expanded beyond intake to full Procure-to-Pay capabilities, enabling end-to-end procurement orchestration 2023: Became the first procurement platform to embed generative AI, delivering millions of AI-powered insights to customers 2024: Launched the Integration Platform enabling rapid enterprise deployments; established the Zip AI Lab following landmark Series D funding 2025: Introduced Agentic Procurement Orchestration; unveiled suite of 50+ specialized AI agents that autonomously handle complex procurement tasks from tariff analysis to contract reviews "Five years ago, we introduced intake to the world. We scaled orchestration. Now, we're shaping the agentic future with 50+ AI agents that are redefining what procurement is capable of," added Lu Cheng, Zip Co-founder and CTO. "The most exciting part? We're just getting started." This fall, Zip will host Zip Forward 2025 at San Francisco's Yerba Buena Center for the Arts, where 750+ procurement and finance leaders will gather under the theme 'Agents of Change.' To request an invitation, please visit About Zip Zip is the world's leading agentic procurement orchestration platform, empowering businesses to accelerate the procurement process, mitigate risk, and drive growth by offering a single front door to unify the teams, tasks, and tools involved in working with suppliers. With Zip, businesses can maximize employee adoption of purchasing policies and increase spend visibility and control. As the leading solution for optimizing business spend, Zip's AI-powered platform is trusted by hundreds of leading enterprises worldwide, including AMD, Anthropic, Coinbase, Discover, Dollar Tree, Instacart, Invesco, Lyft, Northwestern Mutual, Prudential, Reddit, Sephora, and Snowflake to maximize the ROI of every dollar. To learn more, visit View source version on Contacts chrysta@ Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
