{"id":13107,"date":"2024-01-26T14:37:41","date_gmt":"2024-01-26T13:37:41","guid":{"rendered":"http:\/\/costops.com\/index.php\/2024\/01\/26\/data-gold-rush-companies-once-focused-on-mining-cryptocurrency-pivot-to-generative-ai\/"},"modified":"2024-01-26T14:37:41","modified_gmt":"2024-01-26T13:37:41","slug":"data-gold-rush-companies-once-focused-on-mining-cryptocurrency-pivot-to-generative-ai","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2024\/01\/26\/data-gold-rush-companies-once-focused-on-mining-cryptocurrency-pivot-to-generative-ai\/","title":{"rendered":"Data gold rush: companies once focused on mining cryptocurrency pivot to generative AI"},"content":{"rendered":"<p>Tech companies are cashing in on an unprecedented demand for computing power needed to operate artificial intelligence <\/p>\n<ul>\n<li>Get our <a href=\"https:\/\/www.theguardian.com\/email-newsletters?CMP=cvau_sfl\">morning and afternoon news emails<\/a>, <a href=\"https:\/\/app.adjust.com\/w4u7jx3\">free app<\/a> or <a href=\"https:\/\/www.theguardian.com\/australia-news\/series\/full-story?CMP=cvau_sfl\">daily news podcast<\/a>\n<\/li>\n<\/ul>\n<p>Since generative AI exploded into global consciousness in 2023, an unprecedented demand for computing power has emerged alongside the demand for apps utilising the technology.<\/p>\n<p>Tool\u2019s like OpenAI\u2019s ChatGPT require thousands of Nvidia GPUs (graphics processing units) to smoothly process all the information being fed in and output. Nvidia last week compared GPUs to rare earth metals for AI, saying they\u2019re \u201cfoundational\u201d for the operation of generative AI today.<\/p>\n<p><strong><a href=\"https:\/\/www.theguardian.com\/email-newsletters?CMP=copyembed\">Sign up for Guardian Australia\u2019s free morning and afternoon email newsletters for your daily news roundup<\/a><\/strong><\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/australia-news\/2024\/jan\/27\/tech-companies-shift-generative-ai-chatgpt\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/12c8196f21ae8328c2d9d8e21c1bbf7955074562\/0_96_1440_864\/master\/1440.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=a84a911a183a32320aae82a6c10b3919\" title=\"Data gold rush: companies once focused on mining cryptocurrency pivot to generative AI\" \/>Tech companies are cashing in on an unprecedented demand for computing power needed to operate artificial intelligence<br \/>\nGet our morning and afternoon news emails, free app or daily news podcast<\/p>\n<p>Since generative AI exploded into global consciousness in 2023, an unprecedented demand for computing power has emerged alongside the demand for apps utilising the technology.<br \/>\nTool\u2019s like OpenAI\u2019s ChatGPT require thousands of Nvidia GPUs (graphics processing units) to smoothly process all the information being fed in and output. Nvidia last week compared GPUs to rare earth metals for AI, saying they\u2019re \u201cfoundational\u201d for the operation of generative AI today.<br \/>\nSign up for Guardian Australia\u2019s free morning and afternoon email newsletters for your daily news roundup Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tech companies are cashing in on an unprecedented demand for computing power needed to operate artificial intelligence Get our morning and afternoon news emails, free app or daily news podcast Since generative AI exploded into global consciousness in 2023, an unprecedented demand for computing power has emerged alongside the demand for apps utilising the technology. &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2024\/01\/26\/data-gold-rush-companies-once-focused-on-mining-cryptocurrency-pivot-to-generative-ai\/\"> <span class=\"screen-reader-text\">Data gold rush: companies once focused on mining cryptocurrency pivot to generative AI<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":13108,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/13107"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=13107"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/13107\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/13108"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=13107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=13107"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=13107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}