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The Guardian - AU
The Guardian - AU
National
Josh Taylor

Data gold rush: companies once focused on mining cryptocurrency pivot to generative AI

United States Bitcoin Mining Nvidia Crypto Daniel Roberts Gold Frank Holmes Guardian Australia Hive
NVIDIA Cambridge-1 GPU closeup
Tool’s like OpenAI’s ChatGPT require thousands of Nvidia graphics processing units (pictured) to smoothly process all the information being fed in and output. Photograph: Nvidia

Since generative AI exploded into global consciousness in 2023, an unprecedented demand for computing power has emerged alongside the demand for apps utilising the technology.

Tool’s like OpenAI’s ChatGPT require thousands of Nvidia GPUs (graphics processing units) to smoothly process all the information being fed in and output. Nvidia last week compared GPUs to rare earth metals for AI, saying they’re “foundational” for the operation of generative AI today.

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