Tech Giant Shocked From Official: I’m Suspicious About Crypto!

Leading tech giant Nvidia Michael Kagan, chief technology officer of , recently conducted an interview with the Guardian. Kagan stated that he is “skeptical” about the benefits of cryptocurrencies.

Kagan, although Nvidia’s powerful processors are highly sought after by the industry. crypto currencyHe expressed doubts that a units offer significant value to society.

voicing his views Michael KaganWhile noting the value of artificial intelligence applications such as the ChatGPT chatbot, he suggested that they have the potential for greater societal impact than cryptocurrency mining. Some of the statements about how ChatGPT’s user-friendly structure allows individuals to create their own artificial intelligence programs and adapt them according to their needs were among the highlights of the interview.

Previously, Nvidia was almost directly involved in the cryptocurrency industry, with its processors being widely used for mining. But things changed when the company decided to leave the industry to focus on other pursuits.

Kagan also made comparisons between the crypto industry and high-frequency trading, evaluating the time he spent at Mellanox, the company he founded before being acquired by Nvidia. He recalled how Wall Street traders and banks bought their products to save nanoseconds on transactions and took extreme measures, such as squeezing underwater fiber cables to save extra time.

Despite having benefited from the cryptocurrency market before, Kagan expressed his belief that the industry will not bring meaningful advances for humanity. He acknowledged that businesses can buy and sell products for a variety of reasons, but stressed the importance of not allowing such activities to dictate the overall direction of a company.

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