The world’s processing power is better served building artificial intelligence apps like ChatGPT and Google Bard than mining cryptocurrency. That’s according to Nvidia, which would rather see its GPUs used for gaming and AI.
Michael Kagan, Nvidia’s chief technology officer, has stated the company never embraced cryptocurrencies and tried to constrain its RTX-30 graphics chips to limit their use for mining.
“All this crypto stuff, it needed parallel processing, and [Nvidia] is the best, so people just programmed it to use for this purpose,” he told the Guardian(opens in new tab). “They bought a lot of stuff, and then eventually it collapsed, because it doesn’t bring anything useful for society. AI does.”
