When Lex Fridman sat down with Jensen Huang for 2.5 hours in March 2026, the expectation was a chip company CEO talking about GPUs. What followed was something different. Podcast #494 has become one of the most referenced conversations in venture circles this year. Not because of NVIDIA's $4 trillion valuation. But because Jensen Huang spent two and a half hours explaining exactly how that happened, and what the next decade looks like from where he's standing.