Oh, I'm familiar with the valuation.
They were able to build this device and provide a Android TV certified 4K device that didn't need to have planned obsoleteness.
I mean the main reason it exists is because. Nvidia spent a bunch of money designing and fabbing the Tegra for automotive use and nobody bought it so the project was desperate to find a customer rather than out of the goodness of their hearts. That's also why they sold it to Nintendo at a bargain basement price for the Switch.
I strongly suspect the reality is that they had to give Nintendo so much money back due to the complete failure of the bootloader security that they still produce the Shield as Jensen still demands they claw their way back to break even.
Yes. And it's ironic that they can do this ten years ago but can't be bothered to make a new one today. I guess the old one still works well enough and people buy it though which the article states.
Feels like a reverse Bell Labs approach. They find their cash cow and only invest in their cash cow rather than research new product areas and fields.