This sounds a lot like cryptomining but it also doesn’t. Cryptomining has nothing to do with machine learning algorithms and, unlike machine learning, cryptomining’s only value is producing a highly speculative digital commodity called a token that some people think is worth something and so are willing to spend real money on it.
This gave rise to a cryptobubble that drove a shortage of GPUs over the past two years when cryptominers bought up all the Nvidia Ampere graphics cards from 2020 through 2022, leaving gamers out in the cold. That bubble has now popped, and GPU stock has now stabilized.
But with the rise of ChatGPT, are we about to see a repeat of the past two years? It’s unlikely, but it’s also not out of the question either.
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