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HomeSECURITYcryptocurrencies do not bring benefits, unlike computing power for AI

cryptocurrencies do not bring benefits, unlike computing power for AI

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NVIDIA: Cryptocurrencies are not useful, unlike computing power for AI

NVIDIA CTO talks about the importance of AI systems for society

Company NVIDIA stated that cryptocurrencies do not bring any benefit to society, although not so long ago the company received significant profits from the sale of video cards and mining chips. NVIDIA CTO Michael Kagan opined that projects such as the ChatGPT artificial intelligence chatbot are more useful applications for computing power.

Kagan noted that cryptocurrencies require data to be processed in parallel, which is an advantage for NVIDIA. However, the company does not consider cryptocurrencies useful to society, as their value is exaggerated. Instead, NVIDIA is focusing more on projects related to artificial intelligence.

NVIDIA was originally known for making powerful graphics cards for gaming, but is now a leader in the field of artificial intelligence. Thanks to the company’s powerful chips, the process of learning new artificial intelligence systems has been greatly accelerated.

A few weeks ago, Microsoft announced the acquisition of tens of thousands of A100 accelerators from NVIDIA for use in OpenAI artificial intelligence systems, including ChatGPT. In addition, NVIDIA sold 20,000 H100 accelerators to Amazon for AWS cloud computing, and 16,000 H100 accelerators were sold to Oracle.

NVIDIA also provides its computing power for rent. NVIDIA’s DGX Cloud AI cloud service offers access to a cluster of eight H100 accelerators for less than $37,000 per month.



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