The $5 Trillion Company That Survived by Admitting It Was Wrong

The Nvidia company has risen to success through immigration, skill, risk-taking and integrity.

A great company always looks inevitable in retrospect.

Nvidia now sits at the centre of the artificial intelligence revolution. Its chips power data centres, scientific research, self-driving technology and many of the AI tools that are beginning to reshape our lives. As I write, the company is valued at roughly $5.3 trillion. In its latest quarter alone, it reported revenue of $96.2 billion.

But Nvidia did not begin in a gleaming Silicon Valley headquarters. It began with three engineers, one bottomless cup of coffee and a booth in Denny’s.

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Migrants Built the West. Now We Blame Them.

Migration is the main reasons many economies have become so successful.America, Britain and Germany became richer by importing people, skills, ideas and ambition. The real migration scandal is how quickly we forget it.

One of the strangest things about today’s migration “debate” is that some of the countries that have benefited most from immigration now seem determined to portray it as a national catastrophe.

History tells a rather different story. I was reminded of this recently while reading about Malacca, one of the great trading cities of Southeast Asia.

Malacca did not become rich despite the Gujaratis, Chinese, Arabs, Persians, Tamils, Javanese, Sumatrans and Malays who converged there. It became rich precisely because they converged there.

People arrived carrying far more than labour. They brought languages, skills, capital, technologies, religions, recipes, commercial contacts and different ways of solving problems.

Put enough different networks into the same place and interesting things start to happen. History is full of cities like this: Alexandria, Constantinople, Venice, Amsterdam, London, New York, Singapore. Yet we cling to the curious idea that successful nations were once culturally pure places which  became diluted by foreigners. Nothing could be further from the truth.

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Why school is an outdated class system in disguise

School preparation by students in the modern subway.

School doesn’t prepare children for the world. It sorts them for It.

“Care should be taken to choose a guide with a well-made rather than a well-filled head.”
— Michel de Montaigne, Of the Education of Children

Imagine that we were designing an education system from scratch.

We know that today’s children will enter a world shaped by artificial intelligence, climate change, migration, geopolitical instability and rapidly changing employment. They will have instant access to more information than any previous generation, as well of course to more misinformation.

Would we prepare them by dividing knowledge into isolated subjects, ringing a bell every 50 minutes and testing how much information they can reproduce under examination conditions? Almost certainly not.

Yet this is essentially the system we continue to operate: a modernist curriculum built upon separation, standardisation and specialisation, preparing young people for a postmodern world in which everything is connected.

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Backwards into the Future of the World

History is needed for the angel to interpret the present in the light of the past.

Why I am finally discovering what history is for

I cheated in history at school.

It is not something I am particularly proud of, but in retrospect I am not sure whether it says more about me or about the way history was taught.

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