TechnologyCryptocurrencies do not contribute anything useful to society, according to Nvidia's CTO

Cryptocurrencies do not contribute anything useful to society, according to Nvidia’s CTO

Without the S Nvidia graphics cardsthe business of cryptocurrency mining it would not have developed as much as it has. Which is not an obstacle for the processor manufacturer to have a good opinion about this industry. In fact, nothing is further from reality.

Speaking to GuardianMichael Kagan, Nvidia’s CTO, has stated flatly that “Cryptocurrencies do not contribute anything useful to society”.

On his company’s undoubted contribution to the crypto market, he stated that “people buy things and you sell them things, but you can’t redirect the company to support one sector or another.”

Microsoft will create together with Nvidia a supercomputer in the cloud to develop more powerful artificial intelligence

Nvidia’s contrary position is nothing new. In fact, at the beginning of 2021, and in full graphics card supply crisisthe company announced measures to prevent crypto miners from acquiring GPUs.

Thus, they explained, they were taking an important step to guarantee that they ended up in the hands of gamers: “We designed GeForce GPUs for gamers and gamers are asking for more,” they stated in a blog post.

what they did was limit rate hash from the RTX 3060 and make it less attractive to miners. In addition, they reported that the drivers they were going to control the rates of hash to detect in which cases the card was being used for Ethereum mining.

Nvidia bets on artificial intelligence

Has nothing to do Nvidia’s opinion on cryptocurrencies with the one you have about artificial intelligence and ChatGPT.

With ChatGPT, Kagan told Guardian“everyone can create their own machine, their own program: just tell it what to do and it will do it. And if it doesn’t work the way you want, you ask it to do something different.”

“AI would have been essential in the WikiLeaks case”, this is what the experts hold for the future of journalism with the ChatGPT revolution

Just 2 weeks ago, remember in the mentioned news, Microsoft posted that they had bought tens of thousands of Nvidia A100 GPUs. Additionally, Nvidia sold 20,000 H100s to Amazon and another 16,000 to Oracle.

At the company’s annual conference, CEO Jensen Huang said that Nvidia was the engine behind “the iPhone moment of artificial intelligence” and that the generative AI his company was powering would “reinvent almost every industry.”

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