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Nvidia calls cryptocurrency useless for society, says its graphics cards are better used for AI

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Speaking to The Guardian, Nvidia Chief Technology Officer Micheal Kagan said that the processing power of the company’s GPUs should be used for tasks more worthwhile than.
A hot potato: Nvidia’s history with cryptocurrency has been colorful, to say the least. The company has made billions of dollars thanks to the popularity of its graphics cards for cryptomining, but it said in a recent interview that crypto does not “bring anything useful for society.”
Speaking to The Guardian, Nvidia Chief Technology Officer Micheal Kagan said that the processing power of the company’s GPUs should be used for tasks more worthwhile than mining crypto, such as powering AI-based technologies like ChatGPT.
“All this crypto stuff, it needed parallel processing, and [Nvidia] is the best, so people just programmed it to use for this purpose. They bought a lot of stuff, and then eventually it collapsed, because it doesn’t bring anything useful for society. AI does,” Kagan told the Guardian.
“With ChatGPT, everybody can now create his own machine, his own program: you just tell it what to do, and it will.

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