Michael Kagan appreciated the increasing popularity of Artificial intelligence (AI) ChatBots and said that such innovations are better than crypto.
Nvidia Corporation is a US multinational technology company incorporated in Delaware and based in Santa Clara, California. This company is a dominant supplier of artificial intelligence (AI) hardware and software. The past few years showed that the company showed a very negative stance over the crypto mining sector. To complete the need for GPU products, this company restricted crypto mining via its gpu units through a software release in 2021.
On 26 March 2023, NVIDIA’s Chief Technology Officer, Michael Kagan spoke with The Guardian. Kagan said that company took an anti-crypto supportive decision because cryptocurrencies are not worthy over the AI applications like the artificial intelligence chatbot ChatGPT.
Kagan also compared Cryptocurrencies with highly speculation-based markets. He noted that the crypto sector used products of this company in the past at a very high level but Nvidia’s products are not focused on this speculative asset class industry.
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The report noted that this company recently sold more than 10,000 of NVIDIA’s AI-focused processors to Microsoft and Amazon for their respective cloud computing services.
Crypto sector & AI
In the last couple of months, the majority of the crypto projects showed their Inclination toward Artificial intelligence (AI) focussed tools. Some crypto projects started to bring AI technology-based tools into the Defi protocols to prohibit the bad actors’ activities without I’d proof.
Because of the surging competition among global companies over AI chatbot & tools development, Tesla CEO Elon Musk also showed his interest in AI.
On 3 March 2023, Tesla’s CEO said that earlier he was interested in Cryptocurrencies but now he is excited to look into the AI sector.
Read also: S Korean enforcement agencies looking to arrest Luna co-founder Daniel Shin
NVIDIA Exec says Crypto didn’t bring anything useful to society
https://bitcoinik.com/nvidia-exec-says-crypto-didnt-bring-anything-useful-to-society/feed/
https://bitcoinik.com/nvidia-exec-says-crypto-didnt-bring-anything-useful-to-society/feed/
