Commissar SFLUFAN Posted March 27, 2023 Share Posted March 27, 2023 Nvidia kicks crypto to the curb: 'doesn’t bring anything useful for society. AI does' | PC Gamer WWW.PCGAMER.COM That's surely going to ruffle some feathers. Quote Clearly Nvidia is in the hate stage of its relationship right now, as per recent comments to The Guardian(opens in new tab) by Nvidia's CTO on the value of cryptocurrency to society. "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," Nvidia CTO Michael Kagan said. It's no surprise that Nvidia is keen to position itself as the pre-eminent AI company, but I hadn't expected the company to outright slam cryptocurrency in the process. Kagan's comments touch on a debate that's been raging for a while, however, and that's whether cryptocurrency is a worthy alternative to fiat money or moreso a tool for generating profit. So far, we've seen a lot of examples of the latter, and not so many proving the former. "I never believed that [crypto] is something that will do something good for humanity," Kagan continued. "You know, people do crazy things, but they buy your stuff, you sell them stuff. But you don’t redirect the company to support whatever it is." Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted March 27, 2023 Share Posted March 27, 2023 But what if an AI creates a crypto? 1 Quote Link to comment Share on other sites More sharing options...
Littleronin Posted March 27, 2023 Share Posted March 27, 2023 Company follows latest tread to capture profits. News at 11. 1 1 Quote Link to comment Share on other sites More sharing options...
stepee Posted March 27, 2023 Share Posted March 27, 2023 Tbf did nvidia ever purposefully chase crypto? They even tried to block its efficiency there on the consumer cards. They benefited from it, but it’s hard to tell how much they tried to push anything there. And with AI, they have been pushing that for a long time and that has been a big key to their growth and business long before anyone heard of chatgpt. That said, holy shit it’s actually nice to see a company just say it though. They are 100% right on Crypto. Jury is out on if AI is really better for society or not but tbf to that, it will be humans who mess it up if it isn’t. Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted March 27, 2023 Share Posted March 27, 2023 5 hours ago, stepee said: Tbf did nvidia ever purposefully chase crypto? They even tried to block its efficiency there on the consumer cards. They benefited from it, but it’s hard to tell how much they tried to push anything there. And with AI, they have been pushing that for a long time and that has been a big key to their growth and business long before anyone heard of chatgpt. That said, holy shit it’s actually nice to see a company just say it though. They are 100% right on Crypto. Jury is out on if AI is really better for society or not but tbf to that, it will be humans who mess it up if it isn’t. Yea, nVidia's been in the forefront of AI with their deep learning chips for awhile. Pretty much everyone uses their chips: Microsoft has over 10,000 of nVidia's chips for their AI. With Crypto, I think a lot of companies/people were scared to say "this is BS" during the past few years. The Crypto-defenders were like brainwashed zealots. 1 Quote Link to comment Share on other sites More sharing options...
Reputator Posted March 27, 2023 Share Posted March 27, 2023 5 hours ago, stepee said: Tbf did nvidia ever purposefully chase crypto? They even tried to block its efficiency there on the consumer cards. They benefited from it, but it’s hard to tell how much they tried to push anything there. And with AI, they have been pushing that for a long time and that has been a big key to their growth and business long before anyone heard of chatgpt. That said, holy shit it’s actually nice to see a company just say it though. They are 100% right on Crypto. Jury is out on if AI is really better for society or not but tbf to that, it will be humans who mess it up if it isn’t. They made cards specifically for crypto which had I think one display out on the back, but it was a non-starter because miners wanted to be able to hawk their used stuff back on the secondary market and crypto-specific cards are pretty much useless for anything else. Arguably that's not "chasing" so much as it is just reacting to the market, and they claimed it was to try and preserve the gaming cards for gamers. But at best it had no effect and at worst it exasperated the chip shortage problems. Quote Link to comment Share on other sites More sharing options...
legend Posted March 27, 2023 Share Posted March 27, 2023 This is the way. Quote Link to comment Share on other sites More sharing options...
stepee Posted March 27, 2023 Share Posted March 27, 2023 26 minutes ago, Reputator said: They made cards specifically for crypto which had I think one display out on the back, but it was a non-starter because miners wanted to be able to hawk their used stuff back on the secondary market and crypto-specific cards are pretty much useless for anything else. Arguably that's not "chasing" so much as it is just reacting to the market, and they claimed it was to try and preserve the gaming cards for gamers. But at best it had no effect and at worst it exasperated the chip shortage problems. Oh yeah I remember that but yeah overall AI has absolutely been a key focus for years now and crypto was just a side cash in during a strange time, it was never an actual key focus at all. I just wanted to make it clear that they aren’t chasing AI, they are one of the companies leading the way. Quote Link to comment Share on other sites More sharing options...
Keyser_Soze Posted March 28, 2023 Share Posted March 28, 2023 But my apes! Quote Link to comment Share on other sites More sharing options...
stepee Posted March 28, 2023 Share Posted March 28, 2023 11 minutes ago, Keyser_Soze said: But my apes! a lotta yall still dont get it ape holders can use multiple slurp juices on a single ape so if you have 1 astro ape and 3 slurp juices you can create 3 new apes Tonight's slurp juice mint event is essentially a minting event for both Lab Monkes and Special Forces 1 Quote Link to comment Share on other sites More sharing options...
TwinIon Posted March 28, 2023 Share Posted March 28, 2023 I agree with the other folks here that nVidia didn’t really chase the crypto market; at most they just rode the wave. AI is a whole different story for nVidia. This is something that they’ve been working towards for years, and it’s something that has clear corporate customers and a growth curve you can predict. NVidia has been pushing the big cloud stuff as a major profit center for a while, and AI becoming a service that every big company sells has the potential to move a lot of product for team green. Quote Link to comment Share on other sites More sharing options...
legend Posted March 28, 2023 Share Posted March 28, 2023 As a point of reference, Nvidia released CuDNN, their deep neural network library, in 2014, and they regularly make big updates for it. All major high-level DL libraries target it for the GPU support, to the point that if you're doing DL you probably need an Nvidia card. (The only real exception is if you're using Google's TPUs on a cloud platform.) So yeah, they've been pushing on AI for quite some time now. Quote Link to comment Share on other sites More sharing options...
Reputator Posted March 29, 2023 Share Posted March 29, 2023 11 hours ago, legend said: As a point of reference, Nvidia released CuDNN, their deep neural network library, in 2014, and they regularly make big updates for it. All major high-level DL libraries target it for the GPU support, to the point that if you're doing DL you probably need an Nvidia card. (The only real exception is if you're using Google's TPUs on a cloud platform.) So yeah, they've been pushing on AI for quite some time now. pfft ya whatever what do YOU know 2 Quote Link to comment Share on other sites More sharing options...
SmugPrick Posted March 30, 2023 Share Posted March 30, 2023 bought 280 share at 70 bucks when i heard they are leading the world in the tech to implement in self driving cars. VERY happy with this decision. nVidia has paid me back for all my over the top GPU set ups. The best part is they keep going up!!!!!!!!!! 1 Quote Link to comment Share on other sites More sharing options...
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