Nvidia Chief Technology Officer Michael Kagan said in an interview with the British "Guardian" that although the company's high-performance processors are sold in large quantities to the cryptocurrency field, cryptocurrency has not brought any benefits to society. Using processing power to support things like artificial intelligence chatbots (such as ChatGPT) is more valuable than mining cryptocurrency.

Cryptocurrencies have never been enthusiastically embraced

He called Nvidia "never" enthusiastically embracing the cryptocurrency community, and in 2021, the company even released a software that limits the use of its graphics cards for mining the popular Ethereum cryptocurrency to ensure that supply is prioritized for its preferred customers, such as AI researchers and gamers. The first generation of ChatGPT was trained on a supercomputer consisting of approximately 10,000 Nvidia graphics cards.

Cryptocurrencies do society no good

"All these cryptocurrencies, they need parallel processing, and (Nvidia) is the best, so people just program it for that," Kagan said. There is no benefit to society." He further explained: "With ChatGPT, everyone can now create their own machine, their own program: you just tell it what to do, and it will execute it."

Focus on technology areas that benefit human development

According to Kagan, cryptocurrencies do not benefit humanity. Although Nvidia's graphics cards are competitive in the cryptocurrency mining market, Nvidia is more focused on AI and other technological fields that benefit human development. For example, the AI ​​chatbot ChatGPT has broad potential in numerous applications, including customer support, education, creative writing, and more.