techspot Nvidia "cryptocurrency useless for society"

[UltraMega]

Quote

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. And if it doesn't work the way you want it to, you tell it 'I want something different'."

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

WWW.TECHSPOT.COM

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Speaking to The Guardian, Nvidia Chief Technology Officer Micheal Kagan said that the processing power of the...

 

 

This is the first time I've ever read a tech article and thought of the word gaslighting. 

 

[Andrew]

They sure weren't saying that 3 years ago when they were able to put up the prices of their GPUs by 50% and now they've kept them there.

[iamjanco]

^This. Also, makes me wonder if he and his got involved in any way in the CRYPTO market.

[UltraMega]

20 minutes ago, Andrew said:

They sure weren't saying that 3 years ago when they were able to put up the prices of their GPUs by 50% and now they've kept them there.

Yup. This basically says "Crypto is how we started price gouging the market, but that wasn't sustainable for us so now we are saying AI is the reason we can overcharge people."

 

That said, at least AI is useful unlike crypto. 

[Sir Beregond]

"We've made any profit we can off of Crypto so it's now dead to us, unless sometime in the future we can profit off of it again." - Nvidia, probably.

[Barefooter]

He' probably just spreading FUD so he can buy more crypto at low prices 

[Dagamus_NM]

On 27/03/2023 at 13:32, UltraMega said:

Yup. This basically says "Crypto is how we started price gouging the market, but that wasn't sustainable for us so now we are saying AI is the reason we can overcharge people."

 

That said, at least AI is useful unlike crypto. 

Hey now, how am I going to get paid by Prigozhin to troll the comments sections of news websites/FB/etc and hide it without crypto?