Nvidia CTO Deems Crypto Useless While Advocating for ChatGPT AI

• Nvidia’s CTO has further distanced the company from crypto by slating digital assets as useless.
• The 2021 crypto price surge caused demand for Nvidia cards to skyrocket as miners snapped them up.
• Nvidia has never supported crypto mining and is now turning much of its attention to Artificial intelligence.

Emerging technologies' growth and increasing popularity are often predicated on powerful hardware. Artificial intelligence (AI) and cryptocurrencies have relied on Graphics Processing Units (GPUs) to grow, but the former is garnering much more appreciation.

Michael Kagan, the Chief Technology Officer (CTO) of US chip-maker Nvidia, has criticized the use of crypto in society in an interview with the Guardian. He stated...

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