Nvidia's CTO Believes Cryptocurrency Mining is Valueless for Society

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#6116165
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Soon Nvidia will be telling us leather jackets aren't fashionable.
#6116166
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Pepperidge farm remembers what you did nvidia
#6116172
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Sometimes it's just better to shut t f up.
#6116183
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Michael Kagan's horse is so high that he needs a helicopter to get onto the saddle.
#6116198
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Technicaly it's a terrific waste of ressources, made by many one following a dream of being rich, that only really benefit to few one (other have only dust from the system). So i agree with Michael, but i notice that coming from NVidia it's a bit... controversial (to be polite).
#6116200
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KissSh0t:

Soon Nvidia will be telling us leather jackets aren't fashionable.
I wear some to match vintage racer, or HD motorcycle... Leather jackets aren't fashionable LOL 🙂
#6116212
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Valueless for society, but very valuable for nVidia!
#6116214
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We'll wee if NVidia keeps this stance if another crypto boom comes along. But I doubt it.
#6116217
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Attempting to re-write history. We haven't forgotten Nvidia. If Bitcoin goes on another run, just watch Nvidia fall over themselves to sell as many non-LHR top-end cards as possible to scalpers+miners. Gamers will get the middle finger like last time.
#6116222
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But without bitcoin we have no criminals, how boring is that?
#6116231
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southamptonfc:

Attempting to re-write history. We haven't forgotten Nvidia. If Bitcoin goes on another run, just watch Nvidia fall over themselves to sell as many non-LHR top-end cards as possible to scalpers+miners. Gamers will get the middle finger like last time.
The moment the crypto collapsed they turned to gamers to pay up for the rest of the stock .
#6116243
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Nothing new here, they're pivoting to AI now, that's their next cash cow. When AI bombs, they will lambast it and disavow it just like they're doing with crypto now.
#6116248
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I'm also wondering, what was it that AI did bring to the table that's so great, so far, that he mentioned in the interview?
#6116253
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“All this crypto stuff, it needed parallel processing, and [Nvidia] is the best, so people just programmed it to use for this purpose. 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. Hum... “With ChatGPT, everybody can now create his own machine, his own programme: you just tell it what to do, and it will. And if it doesn’t work the way you want it to, you tell it ‘I want something different’.” So we are just trading virtual money for virtual content, that's it? If you're telling an AI to do stuff, is that real? PS: One thing I know from the corporate world, CTOs many times are not the people that have the capabilities and understand the technologies, they are nominated by friends.
#6116258
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Of course his mouth was zipped when it was contributing great value to their bottom line couple years ago.
#6116286
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fantaskarsef:

Sometimes it's just better to shut t f up.
This so much. First they profite from it big time and know they trolls us with this remark. I hope hell has a special corner reserved for guys like this.
fantaskarsef:

I'm also wondering, what was it that AI did bring to the table that's so great, so far, that he mentioned in the interview?
Although i`m a little weary of what people are going to do with it, AI is someting valuable, maybe even too valuable!... While crypto is simply such a stupid concept. Also, shouldn`t we use the term Machine Learning instead of AI? I know the latter sounds much better but doesn`t seem accurate or appropriated.
#6116294
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fantaskarsef:

I'm also wondering, what was it that AI did bring to the table that's so great, so far, that he mentioned in the interview?
I was thinking the same thing. I thought it was pretty weird how he shoved AI in there rather needlessly, basically just doing a sales pitch.
H83:

Also, shouldn`t we use the term Machine Learning instead of AI? I know the latter sounds much better but doesn`t seem accurate or appropriated.
AI is the trendy buzzword. It's used in the most stupid and unnecessary contexts. The stupid thing is I'm pretty sure most people couldn't care less about whether something involves AI, and some might even dislike it. Seems to be something that only business owners care about, because having a machine do work that a person could do means one less paycheck. So, I'd argue every business that hops on the AI bandwagon that doesn't make a significant improvement on their product is out-of-touch with their customers. It's the same nonsense as NFTs: the only people who care about them are those who profit from them.
#6116318
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...but it had a lot of value for their pockets!

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