Mar 28, 2023 11:13:00

NVIDIA criticized that ``virtual currency is useless to society'' and announced that ``chat AI development is more valuable than virtual currency mining''

The market price of virtual currencies such as

Ethereum has continued to rise since the latter half of 2017, and at one point it was difficult to obtain the graphic board necessary for mining virtual currency. However, NVIDIA's Michael Kagan CTO said, ``Virtual currency does not bring anything useful to society,'' and argues that the development of chat AI like ChatGPT is more valuable than mining virtual currency. .

Cryptocurrencies add nothing useful to society, says chip-maker Nvidia |
https://www.theguardian.com/technology/2023/mar/26/cryptocurrencies-add-nothing-useful-to-society-nvidia-chatbots-processing-crypto-mining

The surge in high-performance graphic boards due to the demand for mining virtual currency began in the latter half of 2017, and in 2020, due to

the shortage of semiconductors due to the epidemic of the new coronavirus and the conventional mining demand, high-performance graphics boards for gaming PCs The demand for graphic boards has increased further.

With the increase in mining demand, the price of graphic boards has risen and it is difficult to obtain them, so gamers, the main target for NVIDIA, will not be able to get graphic boards. The board 'GeForce RTX 3080/3070/3060 Ti' has been released.

NVIDIA announces GeForce RTX 3080/3070/3060 Ti with limited mining performance for gamers - GIGAZINE

Mr. Kagan said, `` Mining of virtual currency requires parallel processing of graphic boards.Nvidia's graphic boards are the best in parallel processing, so people bought many graphic boards for mining.But virtual Ultimately, the mining demand collapsed because the currency does not bring anything useful to society,” he criticizes the virtual currency.

On the other hand, ``AI development also requires parallel processing of the graphic board, but it is useful for society, so it is the most wonderful way to use NVIDIA graphic boards for AI development.''

Mr. Kagan revealed that the initial version of the chat AI 'ChatGPT' developed by OpenAI was trained on a supercomputer composed of about 10,000 NVIDIA graphics boards, saying, 'By using ChatGPT, anyone can Now everyone can build their own machines and their own programs,' he preaches the usefulness of chat AI.

According to NVIDIA, in March 2023, Microsoft purchased tens of thousands of NVIDIA A100, a GPU for data centers specialized for AI, in order to further strengthen OpenAI. In addition, NVIDIA has sold about 20,000 units of ' H100 ' to Amazon, which develops the cloud computing service ' Amazon Web Services (AWS)', and has sold about 16,000 units to Oracle . .

Jensen Huang, CEO of NVIDIA, said, ``NVIDIA is the driving force behind chat AI, which is the same impact as the original iPhone,'' and said, ``Chat AI and image generation AI will redefine almost all industries. I will.”