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NVIDIA Gives Up On Crypto, Says Using GPUs For AI More Worthwhile - the same company who generated billions due to crypto mining

Mar 27, 2023 · 1 min read · 36 points
NVIDIA Gives Up On Crypto, Says Using GPUs For AI More Worthwhile - the same company who generated billions due to crypto mining
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NVIDIA seems to have given up entirely on crypto as the company is now purely focused on the new AI trends such as ChatGPT.

Highlights

  • NVIDIA seems to have given up entirely on crypto as the company is now purely focused on the new AI trends such as ChatGPT.
  • NVIDIA’s history with Cryptocurrencies and Crypto Mining has been mixed.
  • The company had to pay 5.5 million dollars to settle a dispute with the SEC for not informing its investors regarding the revenue the company made through selling mining GPUs.
  • It’s an interesting statement that is coming just a few days after GTC 2023 where NVIDIA’s CEO had a lot to talk about AI or Artificial Intelligence and how it is the single most important thing for the computing world.
  • The statement comes from NVIDIA’s CTO, Michael Kagan, who in an interview with

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