Nvidia Remains Stubbornly Distant from Crypto despite the Advance of Artificial Intelligence (AI)

With the advance of artificial intelligence (AI), the proportion of Nvidia shot up. The graphics processors (GPU's) that the company develops proved to be essential

The rapid advance of artificial intelligence (AI) has seen the proportion of Nvidia soar. The graphics processors (GPUs) that the company develops are proving to be integral for training complex AI models and processing vast amounts of data. As a result, Nvidia has become the third largest company in the world.

Many crypto investors hope that Nvidia will also take the step towards blockchain, but for the time being this door remains tightly closed.

Crypto remains at a distance

Recently it became clear again how persistent Nvidia's distance from the crypto sector still is. Arbitrator (arb)A popular Layer 2-solution for Ethereum, was about to announce great news: Nvidia should be a exclusive Ethereum partner in the new Ignition AI Accelerator program. Everything seemed perfect until Nvidia unexpectedly shortly before the planned announcement on the brake stepped. Without a lot of explanation, the chip manufacturer asked to temporarily put the message on ice.

This abrupt turn once again underlines that Nvidia does not have crypto projects high on the list of priorities. Anyone who uses the admission criteria of the Ignition program sees it black on white: projects that are linked to cryptocurrency are out of the question. A clear message how much the Blockchain industry Nvidia would like to have on board.

Nvidia chooses Ai via Crypto

The distant attitude of Nvidia compared to Crypto is not a coincidence. The company suffered significant damage during the aftermath of the initial Coin Offering (ICO) madness in 2018. Due to the collapse of the cryptoma market, Nvidia remained sitting on huge stocks of unsuccessful graphics cards.

As if that weren't enough, Nvidia later had to pay a punishment of a whopping $ 5.5 million because it had not adequately reported crypto-related income. Since then, distrust of everything that has to do with blockchain seems to have only become stronger. And that is not surprising from her perspective: artificial intelligence has now brought in billions, while Crypto mainly caused losses.