Cryptocurrencies Doesn't Bring Social Benefits "Nvidia CTO Says”
Major US chip developer Nvidia says crypto does not “bring something useful to society,” even though its chips are sold in large numbers to the crypto sector.
Chief Technology Officer Michael Kagan said that it would be more beneficial to use its processing capabilities with other tech sectors like ChatGPT, an AI chatbot, than to mine Bitcoin.
Nvidia never responded to the crypto community. In 2021, the company released a software blocking the ability to mine Ethereum. It will be sent to other customers, including AI researchers and gamers.
Michael Kagan also said that This decision is reasonable. Because this limitation of processing power only affects Crypto mining.
“These cryptos require parallel processing power and Nvidia is best at doing that. Therefore, people have programmed it specifically for this purpose. They buy a lot of these things. Finally, it collapsed. Because it doesn't bring anything useful to society, unlike AI,” he told Guardian.
“With ChatGPT, everyone can build their own tools. Just have to say what it has to do. And it will turn out like that. If it doesn't work out the way you want you just have to say ” Unlike Crypto, it tends to be used more for trading. which led to the emergence of many businesses
“We are also very involved in trading. People on Wall Street buy our products to save seconds. Banks are doing weird things like pulling taut fiber under Hudson to save time between the data center and the exchange,” he said.
“I never believed Crypto was something that would benefit humanity, you know, people do crazy things, but they buy your product. and you sell those products But you don't want to change the direction of the company to support it, whatever it may be.”
Nvidia was originally known for producing high-performance graphics cards for gamers before it became the heart of the AI boom.
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