Cryptocurrencies add nothing useful to society, says chip-maker Nvidia

Cryptocurrencies add nothing useful to society, says chip-maker Nvidia

Tech chief says the development of chatbots is a more worthwhile use of processing power than crypto mining

The US chip-maker Nvidia has said cryptocurrencies do not “bring anything useful for society” despite the company’s powerful processors selling in huge quantities to the sector.

Michael Kagan, its chief technology officer, said other uses of processing power such as the artificial intelligence chatbot ChatGPT were more worthwhile than mining crypto.

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