Nvidia's CTO Believes Cryptocurrency Mining is Valueless for Society

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H83:

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.
Well yeah, it's machine learning, you're right there. But what this machine learning does, so far, is what we already know is becoming easier. It does not add anything new yet. So actually, just like crypto coins, it doesn't do anything new.
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AI will revolutionise the world - computers are involved in pretty well everything these days as they already improve most things, and AI makes those computers a lot smarter. That won't mean small changes - AI is the difference between you driving the car, and the car driving you. Something as simple as ChatGPT - which is a very early AI system - is already amazing in what it can do. You really can ask it do to random stuff and it comes back with surprisingly good answers - often at the level of a subject expert. It's gonna really stuff up written homework as it can answer most questions better then the teacher. That said it helps the teacher as well as they no longer need to write the questions, they can just ask ChatGPT to do it and it'll probably do a better job then the teacher at it.
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Espionage724:

Man, victims all over the place 😛
lol, that's so incredibly sad but true. I wonder where Nvidia places on the victimhood hierarchy? Before or after the entitled average white woman?
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fantaskarsef:

Well yeah, it's machine learning, you're right there. But what this machine learning does, so far, is what we already know is becoming easier. It does not add anything new yet. So actually, just like crypto coins, it doesn't do anything new.
You feed it data , the more the better , and is extremely good extrapolating and finding patterns humans can't, in physics , medical , materials... And a lot more science fields accelerates it's advancement to an unthinkable till recently degree.
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"is good" or will hopefully be? At least visual recognition is still something humans excel at and do with the blink of an eye where "AI" still stumbles over itself.
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Venix:

You feed it data , the more the better , and is extremely good extrapolating and finding patterns humans can't, in physics , medical , materials... And a lot more science fields accelerates it's advancement to an unthinkable till recently degree.
Well good point I guess. It accelerates the progress that would have taken longer.
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What a utter CLOWN! Bitcoin is for ever. And you cant do anything about it - thanksfully!!!!
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nVidia would say anything if it meant more money for them. At this point I believe it is safer to automatically assume the opposite of what nVidia says.
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Espionage724:

Man, victims all over the place 😛
Cryptobro confirmed. That Earth2 NFT going well for you? 😀
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Must take a lot of courage to say it now that it crashed. 😱
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Wow, the gall to say that after they'd sold a ton or two of GPUs to crypto miners.....
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mikeysg:

Wow, the gall to say that after they'd sold a ton or two of GPUs to crypto miners.....
I constantly heard that they shipped entire pallets directly to mining farms... so it'd literally be a lot more than 2 metric tons.
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Translation of his interview Nvidia no longer makes money from miners so cyrptocurrency is no longer good for Nvidia Gamers who do not upgrade their card every gen or do not buy the xx90 card are not good for Nvidia AI means Nvidia can further increase the price of their cards so AI is good for Nvidia