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Nvidia might have made a bundle off crypto miners buying the company's GPUs over the years, but that doesn't mean that the company likes cryptocurrency. In a recent
Michael Kagan, the chief technology officer of Nvidia, says that he would rather see the processing power of the company's cards fuel something societally useful, such as the current AI boom. He compared the crypto boom to the high-frequency trading industry, which made his former company Mellanox a lot of money.
“I never believed that [crypto] is something that will do something good for humanity," he said. "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.”
<p dir="ltr">Nvidia might have made a bundle off crypto miners buying the company's GPUs over the years, but that doesn't mean that the company likes cryptocurrency. In a recent <a href="
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with the Guardian, a company executive said that crypto adds "nothing useful to society," especially compared to AI chatbots like ChatGPT.Michael Kagan, the chief technology officer of Nvidia, says that he would rather see the processing power of the company's cards fuel something societally useful, such as the current AI boom. He compared the crypto boom to the high-frequency trading industry, which made his former company Mellanox a lot of money.
“I never believed that [crypto] is something that will do something good for humanity," he said. "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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<p dir="ltr">Nvidia might have made a bundle off crypto miners buying the company's GPUs over the years, but that doesn't mean that the company likes cryptocurrency. In a recent <a href="
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">interview</a> with the Guardian, a company executive said that crypto adds "nothing useful to society," especially compared to AI chatbots like ChatGPT.</p><p dir="ltr">Michael Kagan, the chief technology officer of Nvidia, says that he would rather see the processing power of the company's cards fuel something societally useful, such as the current AI boom. He compared the crypto boom to the high-frequency trading industry, which made his former company Mellanox a lot of money.</p><p dir="ltr">“I never believed that [crypto] is something that will do something good for humanity," he said. "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.”</p><a href="
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