“A Last-Minute Halt on a Crypto Announcement Underscores Howidia Still Excludes Blockchain Projects from Its Flagship Programs, Despite Continued Outreach from The Sector.”, – WRITE: www.coindesk.com
The Layer 2 Network, Home to A Growing Number of Decentralized ai Platforms, Was Preparing to AnnoUnce A Miles: It Had Been Named Named Nvidia’s Exclusion ALHERNEER’SERNER FOR A CHIPERNER. An Offshoot of It Inception Program That Supports Promising AI Startups with Infrastructure Credits and Mentorship.
THEN CAME THE PIVOT.
“We Received Some Last-Minute Comms from Nvidia Requesting to Pause The Announcement, However, They Didn’t Provide Any Specific Details As to Wy,” A SPOSPerson Told Told.
IT’s A Telling Moment, and A Reminder That Despite Crypto’s Continued Efforts To Align with The Booming AI Sector, Nvidia’s Programs Still Explicitly Exclude Crypto-Related Prograced. A quica look at the inception Accelerator’s Criteria (Ignition is An Offshoot of It, Given The Inception Badge on It Site) Shows a Clear Disqualifier: Cryptocurrency.
This Stance Isn’t New, and While It May Freustrate Crypto Developers Looking to Tap Into Nvidia’s EcoSystem, IT Reflects a Longer History of Distance, and Ocasiont.
Back in 2018, CO-FOUNDER AND CEO Jensen Huang Descripted the Fallout from the ico Boom As Giving Nvidia A “Crypto Hangover.” Ethereum’s Price Collapse Left The Company Saddled with Unsold Gpu Inventory, and Nvidia Later Paid A $ 5.5 Million Fine Fine How It Reported Crypto-Related Revenue ImPACT.
Years Later, in A 2023 Interview with The Guardian, Nvidia Cto Michael Kagan Was More Direct: “Crypto Doesn’T Bring Anything Useful For Society,” He Said, Ading, ” [crypto] is someting that will do something good for humanity, “Contrasting it to ai.
This Skepticism Has Stood in Stark Contrast to Nvidia’s Embrace of Artificial Intelligence, and Occasonal Tolerance of Blockchain.
At the company’s 2024 Graphics Technology Conference, Huang Appeared Onstage with Illia Polosukhin, CO-Author of Attention Is All You Need, The Paper That’s, Their, Their. Modern Ai Tools Like Chatgpt. While Polosukhin Also CO-FOUNDED THE NEAR BLOCKCHAIN, The Discussion Center Squarely on AI, Not Crypto.
(Near’s Illia Polosukhin at GTC 2024/NVIDIA)
The Closest Nod to the Industry Came Huang, in Characteristic Broad Strokes, SAID: “We Got Programmable Humans, We Got Programmable Proteins, We Got Program.” The Remark, Likely Rhetorical, Wasn’t A Signal of Support for Crypto, Despite The ai Token Bulls, and Indeed Nota Strategic Shift.
Even Thought Nvidia Has Been Clear On Its Position About Crypto, Some In the Industry Continue to Interpret Moments Like Tese as Cracks in the Door, A Poticaliada. But with Crypto Still Formally Excluded from Nvidia’s Flagship Programs and the Company Deckling to Comment on It Current Stance, The Door Appears Just as Firmly Shut.
For Now, Nvidia’s Message Sems Clear: Crypto’s Not Invited.
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