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NVIDIA CEO Jensen Huang delivers a speech about AI and gaming during the Computex Taipei exhibition. Photo: Chiang Ying-ying / AP

FORTUNE Businessperson of the Year is Jensen Huang, co-founder and CEO of chip maker Nvidia, based in Santa Clara:

Huang on why he started Nvidia:

"We ... observed that video games were simultaneously one of the most computationally challenging problems and would have incredibly high sales volume. ... Video games was our killer app — a flywheel to reach large markets funding huge R&D to solve massive computational problems."

  • Huang, born in Taiwan, is "the rare cofounder still running his company 24 years later. He ... foresaw a blossoming market for a new kind of computing early enough to reposition his company years in advance."
  • On the next billion-dollar opportunity: "The ability for artificial intelligence to write artificial intelligence by itself. ... We're seeing early indications of it now. Generative adversarial networks, or GAN. I think over the next several years we're going to see a lot of neural networks that develop neural networks.
  • "For the next couple of decades, the greatest contribution of A.I. is writing software that humans simply can't write. Solving the unsolvable problems."
  • On the company's name: "We couldn't think of one, so we named all of our files NV, as in 'next version.'" A need to incorporate the company prompted the cofounders to review all words with those two letters, leading them to "invidia," Latin for "envy."

FORTUNE's runner-ups: #2 Jamie Dimon (CEO, JPMorgan Chase) ... #3 Marc Benioff (CEO, Salesforce) ... #4 Jeff Bezos (CEO, Amazon) ... #5 Mary Dillon (CEO, Ulta Beauty) ... #6 Ajaypal "Ajay" Banga (CEO, Mastercard) ... #7 Huateng "Pony" Ma (CEO, Tencent Holdings) ... #8 Dan Schulman (CEO, PayPal) ... #9 Marillyn Hewson (CEO, Lockheed Martin) ... #10 Francisco D'Souza (CEO, Cognizant).

Go deeper

Financial fallout from the Texas deep freeze

Illustration: Annelise Capossela/Axios

Texas has thawed out after an Arctic freeze last month threw the state into a power crisis. But the financial turmoil from power grid shock is just starting to take shape.

Why it matters: In total, electricity companies are billions of dollars short on the post-storm payments they now owe to the state's grid operator. There's no clear path for how they will pay — something being watched closely across the country as extreme weather events become more common.

U.S. Chamber decides against political ban for Capitol insurrection

A pedestrian passes the U.S. Chamber of Commerce headquarters as it undergoes renovation. Photo: Andrew Harrer/Bloomberg via Getty Images

The U.S. Chamber of Commerce revealed Friday it won't withhold political donations from lawmakers who simply voted against certifying the presidential election results and instead decide on a case-by-case basis.

Why it matters: The Chamber is the marquee entity representing businesses and their interests in Washington. Its memo, obtained exclusively by Axios, could set the tone for businesses debating how to handle their candidate and PAC spending following the Jan. 6 Capitol attack.

CDC lets child migrant shelters fill to 100% despite COVID concern

Intensive care tents at overflow shelter in Carrizo Springs, Texas. Photo: Sergio Flores/The Washington Post via Getty Images

The Centers for Disease Control is allowing shelters handling child migrants who cross the U.S.-Mexico border to expand to full capacity, abandoning a requirement that they stay near 50% to inhibit the spread of the coronavirus, Axios has learned.

Why it matters: The fact that the country's premier health advisory agency is permitting a change in COVID-19 protocols indicates the scale of the immigration crisis. A draft memo obtained by Axios conceded "facilities should plan for and expect to have COVID-19 cases."