![]() The foundation of financial markets is becoming a public good, maintained in real time by global pool of developers 24/7/365. Due to the unique 'composable' feature of DeFi protocols, multiple decentralised financial services offerings can now be packaged together in innovative ways to create cutting edge solutions for clients.Īs DeFi is open to all (open source) and transparent, it's infinitely more efficient as each financial institution can leverage what has already been built rather than starting from scratch each time or incurring costs to maintain an internal operating system that rapidly becomes outdated. ![]() the need to further clarify legal & regulatory uncertainties, this painpoint is dwarfed by the potential for new business opportunities. Aave, Uniswap) to conduct compliant institutional-grade, cross border transactions. Ethereum and Polygon) and open source DeFi protocols (e.g. DBS, JP Morgan, SBI Digital Asset Holdings) to leverage public blockchains (e.g. It's now possible for heavily regulated financial intermediaries (e.g. □ Follow me if you enjoyed this summary. Endure the pain needed to realize your dream.ģ. Have the humility to confront failure and ask for help.Ģ. Either you're running for food, or you are running from being food:ġ. Retreat does not come easily to the brightest people, yet strategic retreat, sacrifice, and deciding what to give up is at the very core of success." To retreat from a giant phone market to create a $0 billion market was a risky move, but it paid off. By leaving the phone market, we opened our minds to invent a new one. We should dedicate ourselves to realizing our vision. Nvidia's mission is to build computers to solve problems that ordinary computers cannot. Instead, we made a hard decision and sacrificed the market. "The phone market is huge we could have chosen to fight for share. In 2010, Nvidia had the lead in the mobile chip market. LESSON 3: Make sacrifices for your life's work This journey forged our character to endure the pain and suffering that is always needed to realize a vision." Our shareholders were skeptical of CUDA and preferred we focused on improving profitability. We suffered many years of poor performance. "Creating a new computing model is incredibly hard.Nvidia's profits took a significant hit. In 2007, Nvidia announced CUDA, a new computing model for GPUs. LESSON 2: Endure the pain and suffering needed to realize your dream These traits are the hardest for the brightest and most successful." His understanding and generosity gave us six months to survive.Ĭonfronting our mistake, and with humility, asking for help, saved Nvidia. The CEO of Sega, to his credit and to my amazement, agreed. But I also needed Sega to pay us in full or Nivida would be out of business. I contacted the CEO of Sega and suggested that they should find another partner. "After one year of development, we realized our architecture was the wrong strategy. Nvidia's first big 3D chip contract was for Sega's new game console. LESSON 1: Have the humility to confront failure and ask for help You can also view my collection of past podcast interviews and presentations.Nvidia almost died 3 times in its 30-year history.ĬEO Jensen Huang shared these near-death stories at a commencement speech last night. Go Beyond Boring: Creating Scenario-Based Learning That Engages Participants.Make Learning Immediately Relevant with Scenarios.Learner Engagement: Behavioral, Cognitive, & Affective.If you’d like to read more about creating engaging learning experiences, check out these posts. Stories can help learners see the relevance of training and why it’s important. However, sometimes you also need to shift attitudes or increase motivation. ![]() Sometimes changing behavior might just require additional knowledge or skills. In workplace training, we’re usually trying to change behavior. One of the benefits of using storytelling and scenarios for e-learning is creating an emotional connection. I also talked about how the pandemic has increased the demand for elearning, and the continuing trend toward remote and distributed work will continue to drive growth in the field. More organizations are considering a wider variety of solutions including microlearning, scenario-based learning, blended learning, and vILT. One quote they pulled from our conversation was, “I see increasing interest in doing more than just checking a box to say the training was done.” I’m seeing interest in shifting away from a single course model. ![]()
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