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What do cryptocurrencies contribute to society? “Nothing useful”, according to Nvidia

“The cryptocurrencies They don’t contribute anything useful to society.” At least, so thinks Michael Kagan, CTO of nvidiawho recently declared before the British media ‘The Guardian‘. This, despite the fact that the technology company’s graphics cards are fundamental pieces in the cryptocurrency mining business.

But the truth is that Nvidia never embraced the crypto community. In 2021, the company even released software that deliberately restricted the ability to use its graphics cards to mine the popular Ethereum cryptocurrency., in an effort to ensure the supply went to its preferred customers, which include AI researchers and gamers.

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This was not only disapproved of by miners, but also by a group of hackers who broke into NVIDIA systems a year ago. One of the demands of the well-known cybercriminal group LAPSUS$ was that the company remove the mining limiter, otherwise they would leak confidential information, including source codes.

“People buy things and you sell them things, but you can’t redirect the company to support one sector or another”said the executive about his company’s contribution to the cryptocurrency market.

His vision of ChatGPT and artificial intelligence, on the other hand, is very different. “Everyone can create their own machine, their own program: just tell it what to do and it will do it. And if it doesn’t work out the way you want, you ask him to do something different.”Kagan said of the OpenAI chatbot.

The first version of ChatGPT was trained on a supercomputer made up of about 10,000 Nvidia graphics cards.

Kagan’s claims are based on a significant investment Microsoft has made in OpenAI, which has resulted in the acquisition of numerous A100 chips estimated to be worth $10,000 each. In addition, NVIDIA has added to this that it offers access to DGX servers in the cloud, with prices starting at $9,000 per month for a team that has four A100 GPUs, and $37,000 for the option that includes eight H100-based accelerators. in Hopper architecture.

Source: Elcomercio

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