Nvidia says Crypto isn't "useful to society"

Nvidia says Crypto isn't "useful to society"


One of the biggest tech companies in the world, Nvidia has said that "Crypto does not bring anything useful into society" despite people buying their chips in countless amounts to mine cryptocurrencies with. Instead they recommend using their chips to train AIs with.

Its not without reasoning, Chat GPT is one of the most successful AIs ever and it was trained on a super computer with 10,000 Nvidia chips. Now that big companies are realising the potential of AI Nvidia sales are going through the roof. Amazon recently bought 20,000 H100 chips to use in its new AWS service and Microsoft has bought even more A100 GPUs to power its OpenAI.

Now it might just sound like them suggesting to stop mining your favourite coins but in 2021 Nvidia released software that stopped its processors from mining Ethereum. This was in an effort to stop crypto enthusiasts buying up all of their stock and instead be able to sell their products to the target audience of AI builders and PC gamers.

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