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The Guardian - UK
The Guardian - UK
Technology
Alex Hern

Cryptocurrencies add nothing useful to society, says chip-maker Nvidia

Nvidia Crypto United States Michael Kagan Mining
The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan May 30, 2017
The first version ChatGPT was trained on a supercomputer made up of about 10,000 Nvidia graphics cards. Photograph: Tyrone Siu/Reuters

The US chip-maker Nvidia has said cryptocurrencies do not “bring anything useful for society” despite the company’s powerful processors selling in huge quantities to the sector.

Michael Kagan, its chief technology officer, said other uses of processing power such as the artificial intelligence chatbot ChatGPT were more worthwhile than mining crypto.

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