Having earned a boatload of money selling graphics processors to miners of crypto currencies like Bitcoin and Ethereum, Nvidia now says that cryptocurrencies are useless for society. Instead of wasting GPU compute power for mining, it can be used to run various artificial intelligence applications like smart chatbots.
"All this crypto stuff, it needed parallel processing, and [Nvidia] is the best, so people just programmed it to use for this purpose," said Michael Kagan, chief technology officer of Nvidia, in an interview with The Guardian (via VideoCardz). "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."
