At the time, UT was building TRIPS[0], a processor capable of > 1 teraflop / sec.
In the middle of his talk (with several TRIPS members present), he made an off-hand remark "I think I could build a petaflop processer...without too much trouble,"* which caused a small stir in the audience!
[0] https://www.cs.utexas.edu/users/cart/trips/
* I might be misremembering the exact quote, but this was the gist of it.