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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

Trump set to appear at Pennsylvania GOP hearing on voter fraud claims

President Trumpat the White House on Tuesday. Photo: Chip Somodevilla/Getty Images

President Trump is due to join his personal lawyer Rudy Giuliani in Gettysburg, Pennsylvania, Wednesday at a Republican-led state Senate Majority Policy Committee hearing to discuss alleged election irregularities.

Why it matters: This would be his first trip outside of the DMV since Election Day and comes shortly after GSA ascertained the results, formally signing off on a transition to President-elect Biden.

Scoop: Trump tells confidants he plans to pardon Michael Flynn

Photo: Alex Wroblewski/Getty Images

President Trump has told confidants he plans to pardon his former national security adviser Michael Flynn, who pleaded guilty in December 2017 to lying to the FBI about his Russian contacts, two sources with direct knowledge of the discussions tell Axios.

Behind the scenes: Sources with direct knowledge of the discussions said Flynn will be part of a series of pardons that Trump issues between now and when he leaves office.

Erica Pandey, author of @Work
9 hours ago - World

Remote work shakes up geopolitics

Illustration: Eniola Odetunde/Axios

The global adoption of remote work may leave the rising powers in the East behind.

The big picture: Despite India's and China's economic might, these countries have far fewer remote jobs than the U.S. or Europe. That's affecting the emerging economies' resilience amid the pandemic.