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Nvidia declares "Down with crypto! Up with AI!"


Commissar SFLUFAN

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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."

 

 

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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.

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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.

  • stepee 1
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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.

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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.

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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

 

  • True 1
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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.

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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.

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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

  • True 2
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