Monday, March 27th 2023
NVIDIA Executive Says Cryptocurrencies Add Nothing Useful to Society
In an interview with The Guardian, NVIDIA's Chief Technical Officer (CTO) Michael Kagan added his remarks on the company and its cryptocurrency position. Being the maker of the world's most powerful graphics cards and compute accelerators, NVIDIA is the most prominent player in the industry regarding any computing application from cryptocurrencies to AI and HPC. In the interview, Mr. Kegan expressed his opinions and argued that newly found applications such as ChatGTP bring much higher value to society compared to cryptocurrencies. "All this crypto stuff, it needed parallel processing, and [Nvidia] is the best, so people just programmed it to use for this purpose. They bought a lot of stuff, and then eventually it collapsed, because it doesn't bring anything useful for society. AI does," said Kegan, adding that "I never believed that [crypto] is something that will do something good for humanity. 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."
When it comes to AI and other applications, the company has a very different position. "With ChatGPT, everybody can now create his own machine, his own programme: you just tell it what to do, and it will. And if it doesn't work the way you want it to, you tell it 'I want something different," he added, arguing that the new AI applications have usability level beyond that of crypto. Interestingly, trading applications are also familiar to NVIDIA, as they had clients (banks) using their hardware for faster trading execution. Mr. Kegan noted: "We were heavily involved in also trading: people on Wall Street were buying our stuff to save a few nanoseconds on the wire, the banks were doing crazy things like pulling the fibers under the Hudson taut to make them a little bit shorter, to save a few nanoseconds between their datacentre and the stock exchange."
Source:
The Guardian
When it comes to AI and other applications, the company has a very different position. "With ChatGPT, everybody can now create his own machine, his own programme: you just tell it what to do, and it will. And if it doesn't work the way you want it to, you tell it 'I want something different," he added, arguing that the new AI applications have usability level beyond that of crypto. Interestingly, trading applications are also familiar to NVIDIA, as they had clients (banks) using their hardware for faster trading execution. Mr. Kegan noted: "We were heavily involved in also trading: people on Wall Street were buying our stuff to save a few nanoseconds on the wire, the banks were doing crazy things like pulling the fibers under the Hudson taut to make them a little bit shorter, to save a few nanoseconds between their datacentre and the stock exchange."
88 Comments on NVIDIA Executive Says Cryptocurrencies Add Nothing Useful to Society
Did you just google it all or were you actually there when it happened? lol
I won't bore this topic with a two-page list of links that speak against Nvidia's supposed good intentions okay.
The gist: Nvidia made sure every chip they had left lying around somehow made its way on the market because they could sell sell sell. We even saw repurposed old gen fly by. In the meantime, for muh gamur they inflated the price to just about double margins and halved the release cadence since Pascal.
Crypo added insane profits for nvidia/ asus/ .... so I guess they will be paying more than their fair share of income/ windfall profit taxes :cool:
7900XTX is 50% faster than 6900XT in 4K, for the SAME PRICE of $999.
RTX 4080 is 50% faster than 3080 in 4K, but 4080 is 71% more expensive at MSRP $1,200
7900XTX is less expensive, it it faster than 4080 in native 4K, brings 8GB of VRAM more (24GB), so more future-proof, and new DP 2.1 video ports at 54 Gbps for upcoming monitors later on this year. All these features matter to me more than RT/DLSS which I do not even use when playing games such as Flight Simulator. On 4K screen, dense urban scenes in Flight Simulator can use up to 21GB of VRAM, which 7900XTX handles pretty well.You meant 2%, right?
Nvidia also paid a fine for not disclosing total revenues from crypto-craze.
Why would not they publish it?
And what I was referring to when I said that NVIDIA has better RTX performance than AMD, was this one benchmark here. You can see a slight advantage with the RTX 4080 over the 7900 XTX:
AMD Radeon RX 7900 XTX Review - Disrupting the RTX 4080 - Ray Tracing | TechPowerUp
If these stats are actually not right than I misunderstood.
Look I'm just trying to discuss the difference between the two cards. AGAIN, if you care about native performance go AMD. IF you care about RTX and DLSS 3 then go NVIDIA. I personally was really impressed by DLSS 3 in person. If people think it looks bad then okay. I often turn DLSS upscaling off and frame generation on because that looks the best and it looks super clear to me compared to using DLSS 2.0. I build computers and that's what I tell my customers this gen. If I'm wrong then please correct me and I will listen. I am not here to bash anyone. I'm truly just trying to discuss and learn here.
Your starting to look a fair bit biased/trolley, and I pity your customers they're poor bank accounts, read up though FSR 2.1,it is equal to dlss 2 but used in more games dlss3 is irrelevant for 99% of users so , but more importantly get back on topic