One of the world’s largest manufacturers of GPUs and graphics cards NVIDIAMichael Kagan, one of the senior executives of , made harsh statements about the world of cryptocurrency. Speaking of cryptocurrency mining in particular, Kagan said in an interview with the Guardian that cryptocurrencies have no effect on society. there is no point told. Let’s take a look at the details of these remarkable statements.

To be fair, NVIDIA’s approach to the cryptocurrency world has never been it was not hot. In particular, the company, which sells millions of graphics cards for Ethereum mining, did not want cryptocurrencies to exist. In fact, NVIDIA restricted graphics cards a few years ago to prevent the use of graphics cards when mining Ethereum and its derivatives. As such, Michael Kagan’s statements are not a big deal Not surprising.

“It didn’t do any good!”

“All this crypto stuff had to be processed and NVIDIA was the best, so people programmed it to use it for that purpose. They bought a lot of things and eventually crashed, because it brings nothing useful to society. That cryptocurrency is something that will do some good for humanity i never believed.“, Michael Kagan also talked about where the industry should go. According to the NVIDIA executive, processing power should be used for artificial intelligence instead of cryptocurrency.

“Spend computing power on ChatGPT!”

“With ChatGPT everyone now has their own machine, own schedule can make. You tell him what to do, he does it. And if it’s not what you want, you can reorder and change it.Michael Kagan said that the processing power to be spent on artificial intelligence is much more than the processing power that will be spent on cryptocurrency. that you are precious underlined. Let me also point out; Nearly ten thousand NVIDIA A100 GPUs for ChatGPT development had been used.